Barcodes have transformed the way organizations conduct business right since their introduction in 1949. Today, the concept of barcodes is no longer alien to us. Be it electronic items, groceries, or even patient wristbands in hospitals; all use barcodes. This article aims to educate our readers on the meaning of barcodes and the benefits of Barcode registration. Let us start with the definition of a barcode.
What is a Barcode?
Barcodes are a visual representation of data. In technical terms, barcodes are machine-readable patterns of numbers, letters, characters, or their mixture and parallel lines. Most modern-day businesses use barcodes to track their inventory levels, sales, and prices. Moreover, barcodes also help organizations in preparing accounting invoices and purchase requisitions.
Is Barcode Registration Mandatory?
It is not mandatory to obtain a barcode registration. An unregistered retail barcode provides the same benefits as it is internal to an organization. An organization can use these unregistered barcodes internally to track each product’s inventory status and pricing information. However, a barcode registration becomes necessary if an organization decides to sell through giant retail outlets like Walmart or e-commerce platforms such as Amazon and others.
Benefits of Barcode Registration
As suggested earlier, barcodes have emerged as the modern-day game-changers for businesses. In the section above, we understood the meaning of a barcode. It is now time for us to look at some of the significant benefits of barcode registration.
- Easy to Use, Reliable, and Reduces Human Error
All information stored in a barcode is automated. As such, the probability of errors arising on account of manual data entry is significantly reduced. Moreover, barcodes are easy to use, reliable, and make the data entry process much quicker.
- Reduces Employee Training Time & Improves Productivity
Barcodes are not rocket science. It takes just a few minutes or a couple of hours at the most for employees to master the art of reading barcodes. Moreover, using barcodes ensure employees no longer have to burn their blood memorizing the price and information related to various products.
- Smooth and Hassle-free Movement of Goods
Obtaining a barcode registration assists in the smooth and hassle-free movement of goods through the supply chain. As all information related to products is embedded in their barcodes, it becomes easier to track shipments.
- Unique Global Identification
A barcode registration provides a product with a unique identification globally. As each barcode is specific to a product, no two different items can ever possess the same barcode.
- Better Inventory Control and Reduced Overheads
As highlighted earlier, barcodes help businesses track their inventory levels efficiently. By ensuring that they maintain the correct inventory levels, organizations can significantly reduce their overhead costs. Also, companies can track stock location quickly using barcodes, saving them the time and money spent on manual tracking.
Barcodes today have become an indispensable aspect of any business or organization. They provide a host of benefits to manufacturers and retailers while ensuring customers of the product quality at the same time.
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