Benefits of barcoding in supply chain automation

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Benefits of barcoding in supply chain automation
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• A barcode is a machine-readable representation of
  numbers and characters.
• It's made up of different thicknesses and heights
  of vertical black lines, white space, and
  numerals in a square or rectangle.
• This pattern of black and white bars can be
  translated into information that your retail
  point of sale system can understand using a
  barcode scanner.
• In a typical warehouse or distribution setting,
  the barcoding process captures various attributes
  of a product such as size, color, location, and
  so on, so that businesses can gain a
  comprehensive understanding of their current
  inventory, quickly fulfill orders, and complete
  physical inventory counts.
• In a retail setting, barcodes typically contain
  product names and prices.

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• In recent years, barcodes have increasingly
  dominated the supply chain, becoming a necessary
  tool for organizations to improve inventory
  control and sales operations while also
  increasing product traceability.
• Without a doubt, this incredible technology has
  helped in the growth of several businesses.
• Barcodes save organizations a large amount of
  time, money, and resources because they can be
  read by a scanner rather than an employee
  manually entering product information.

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• Barcodes also provide all relevant information in
  a short time, from simple tasks like determining
  when a consumer can expect their delivery to more
  advanced information like tracking temperatures
  in transit.
• Businesses that depend on strong supply chains
  stand to gain strongly by implementing barcodes
  into their operations.
• Asset monitoring, outward storage, inward
  storage, and item returns are all common
  processes in supply chain management.

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• Organizations can increase the speed and
  efficiency of their supply chains while also
  increasing turnover by incorporating barcoding
  technology into their business processes.
• The following are the benefits of barcoding as a
  supply chain automation technology.

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Benefits for barcoding in supply chain automation

• Inventory management and optimization
• Cost reduction
• Data accuracy and error reduction
• Digital transformation

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Inventory management and optimization

• Inventory control and monitoring, as well as
  stock ordering and distribution, are essential
  parts of inventory management.
• By integrating barcodes, businesses can make
  inventory management more reliable and simple
  than ever before, opening the way for increased
  revenue.
• Better inventory control also results in faster
  turnover and lower cash requirements.
• Barcodes can help businesses increase inventory
  visibility and gain a better understanding of
  incoming and outgoing shipments.
• Businesses can also use a barcode system to track
  the status of incoming and outgoing goods.

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• Every time an object moves to a new location, it
  is scanned, ensuring transparency and reducing
  the chance of loss.
• And if something goes missing, it's a lot easier
  to find.

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Cost reduction

• Warehouses that do not use barcoding for scanning
  and data capture are largely manual, with staff
  handling all warehouse activity paperwork such as
  receipts, inventory transfers, cycle counts,
  returns, and so on.
• In comparison, barcode system take a fraction of
  the time it takes to manually enter data.
• These systems are completely automated, requiring
  little to no human intervention.
• Thanks to automated product identification, quick
  recognition, and data implementation via
  barcodes, processes that would have taken hours
  to complete can now be done in minutes.

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Data accuracy and error reduction

• Before the high deployment of barcode scanners
  and similar technologies, inventory management
  processes were performed manually.
• To say the least, this procedure was inefficient
  and prone to unavoidable human errors.
• And, without a doubt, such inventory errors
  caused significant delays in shipments, orders to
  be missed, and commodities to be over or
  understocked.
• However, with barcode technology integrated into
  supply chains, errors can be corrected in
  real-time.
• This allows for greater data accuracy, which
  improves process accuracy and quality.

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Digital transformation

• COVID-19 has increased digitization in a variety
  of industries.
• Businesses are increasingly utilizing emerging
  technologies such as artificial intelligence,
  hybrid cloud, robots, automation, IoT,
  blockchain, and so on.
• And the benefits are self-evident.
• These technologies help in the discovery of
  hidden insights from a variety of data sources to
  make better real-time supply chain decisions.
• Barcoding technology has been labeled the
  "gateway" to stronger and more integrated
  digitalization for businesses.
• It's low-hanging fruit that will almost certainly
  not only produce results quickly but will also
  inevitably empower further digital transformation
  across the board.

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Sundata can help you to succeed in barcoding
technology.

• Sun Data Processing Pvt. Ltd. is India's leading
  provider of efficient supply chain solutions,
  which include barcoding.
• Sundata's innovative technologies provide
  businesses with incredible insight into their
  assets and supply chain analytics, resulting in
  increased value creation for both the
  organization and its customers.
• Sundata has pioneered the art and science of
  barcoding for more than two decades, with over 25
  years of expertise in automatic identification
  and data capture (AIDC) technology and broad
  domain knowledge across industry verticals.
• Click here to learn more about Sun Data
  Processing Pvt. Ltd.