Business Products & Services

Significance Of Barcode Labels For Your Business

In modern era, one should have to accept that businesses/enterprises has dramatically and radically restructured their processes and procedures. Like now for each and every thing, no one can deny the importance of automated controls, processes and procedures. So, in this contemporary world of automated systems, attention should also be given on significance of GS1 barcode labels for your business. Barcode labels are electronically printed number codes. These codes are unique and remains same throughout the different levels of supply chain.

Link with supply chain

An ordinary supply chain consists of three stages a) manufacturer b) whole seller and c) distributor/retailors. Depending upon the size of a business, this supply chain can involve more stages. Here, main thing which should be noticed that throughout the supply chain, note that a product would possess a unique barcode. It means that it would be very easy to trace any product via automated system linked with these barcodes.

Benefits involved

Adding barcodes to your products is a rapturous decision because via this option, you can have all relevant and required information about the product on the screen. So, briefly speaking barcode facility would dispense a) more control over inventory and physical counts b) reduce the payroll cost c) reduce the chances of human error which can be caused through manual accounting entries d) data can be shared with different branches of a business very quickly e) assist in maintaining accounting record f) assist finance department at the time of closing of inventory and too many other things which might be difficult to envisage.

Better data processing

As mentioned above there can be too many beatific factors of adding this blissful facility at your business premises. However, out of them one of the most material element is that it assist in better data processing by virtue of automated controls. Like, one can easily keep and maintain product wise summaries and details for sales, purchase and stock in transit.

Business performance

It is the main crack of adding gs1 barcodes to your products. People sometimes argue that adding electronic labels to products is a mere facility of having an exact price on the screen of a computer. However, it is far more than that. From above, there are several benefits of adding this facility and so, it can be argued that adding this facility in your business premises is a direct value addition. This is because by opting this choice, you can have better control on data processing which is one of the most cardinal critical success factor of a business. Therefore, it cannot be denied that there is a direct link between adding gs1 barcode labels and overall business performance.