If your business deals with a lot of physical stock, it could benefit from using a barcoding system. Though this can seem like a good idea, you might worry about the difficulty of setting this up.
Luckily, installing a barcode system doesn't need to be hard and there are many benefits to doing so.
Keep reading to learn why you should use a barcode inventory system in your business. Once you're done, you'll be questioning why you didn't invest in a barcode system earlier.
Develop a Greater Understanding of Your Stock
A barcode system can make it a lot easier to work out what the stock levels are for your business.
Whenever someone scans a barcode during a sales process, you can set things up so the item is automatically removed from existing stock levels. This lets you know when you need to order more items.
After all, if you buy too much stock, it can mean that you have inventory lying around. This can amount to money that could have been better spent elsewhere.
If you don't have enough stock, you're losing money. Potential customers might end up spending their money with your competitors, of which do have the needed items in stock.
Barcodes also reduce the amount of time you need to spend on tracking inventory. If someone is using a traditional approach, they might need to manually enter in data on specific items. This, of course, can take time, especially if they're doing this using a pen and paper.
Barcodes do away with all this and make the process a lot more efficient. Plus, because manual data entry isn't involved, errors are less likely to occur.
Make Life Easier for Your Customers
It can take a lot of time if you have to manually enter in data every time a customer purchases something. Customers may consider this a waste of their time. Following this, they may decide to spend their money elsewhere.
Thus, if you want to solve this problem, a barcode solution is ideal.
If you install a barcode system, you'll no longer need to manually enter data. You can just scan the item in question and send the customer on their way. This will lead to an improvement in customer satisfaction.
Investing in Barcode Systems
A barcode system is typically made up of three basic components.
You'll have the barcodes themselves and the barcode scanner. Then you'll have the software, which keeps track of everything that is going on.
Let's take a look at how you should go about investing in each of these items.
Developing the Barcodes
Barcodes can look intimidating at first.
But you'll be happy to know there are services that generate the barcodes for you. A lot of these services don't cost any mone, so you'll be able to create barcodes for free in a short period of time.
You will, though, need a way to print these barcodes.
You should be able to do this using a standard printer. But if you don't have any kind of printing equipment, then consider purchasing a label printer. This is a dedicated printer that will help you print barcode labels.
Pay close attention to the barcodes being printed. If they're of low-quality, it can mess up your entire inventory system. If you'd like to learn more about maintaining high-quality barcodes, check out this blog post from Intermax.
Investing in Barcode Scanners
Barcode scanners are like the middlemen between the barcodes and the software.
Ideally, you'll want to buy one that is cordless. This will make it easier to scan items, especially ones that are quite large.
If you're going to buy a wireless scanner, do some research on the battery life. You don't want to invest in one that doesn't last long. If you do, there will be an impact on employee productivity, as they'll need to wait for the scanner to charge.
It's also important for the barcode scanner to have an external design that makes it durable. People will drop barcode scanners from time to time. You should be certain the scanner has a design that won't lead to it breaking on the first or even the one-hundredth drop.
Finding the Right Software
As discussed, you'll need some kind of software to help you work with barcodes. There are a lot of software offerings to choose from.
To make things easier on yourself, do some research and find one that has good reviews
You should also focus on the features that matter most to you. Some software offerings are very advanced. But you likely don't need all the features on offer.
You should be able to save money by investing in a simpler option. You can always upgrade at a later date.
If you find that the software is too expensive, find a provider that offers a monthly plan. This can make things much more affordable without limiting your ability to access vital features.
Keep in mind, though, that if you stop paying, you may lose access.
Ready to Set up Your Barcode Inventory System?
A barcode inventory system is ideal for a business that deals with a lot of physical stock. But the idea of investing in such a system can be intimidating to someone who's never even used a barcode scanner before.
In this post, we've gone through some of the basics you need to focus on if you want to invest in a barcode inventory system.
You need a method of printing barcodes. You also need a barcode scanner. It's also important you have the right software so that you can experience all the benefits on offer.
It can take some time to set the barcode system up. But once everything is up and running, you'll be glad that you made the decision to invest in this system.
Interested in how you can improve your LinkedIn presence. Check out this post to learn some helpful tips!
Featured Image: Shutterstock