The primary advantage of barcodes is that it helps the company to control the stock. Since all the products of the business have barcodes printed on them, the business can use this system to ensure a tight and accurate control of the stock. Warehouse for example, can use barcodes to scan and record all the products that enter and exit the center. When these packages are received by retailers, store workers can check the items as they go on racks and contrast those records with the records of standardized tags examined at the register to keep up stock information. Also, transportation organizations can scan package barcodes when accepting freight, and then scan the packages again while delivering them. Organizations that link their stock control to online portals can right away refresh package status and notify clients when packages arrive depart or get delivered.
The second benefit of barcodes is that it reduces human errors in the management of inventory. Administrative and information entry mistakes can bring unsalvageable damage to a business leading to higher cargo costs, unhappy clients, and a lot of time used to find issues. In a few circumstances, administrative blunders can have a significantly more dramatic effect for instance the basic significance of information and item accuracy in pharmaceutical, patient safety or blood donation center applications. In the service industries mentioned above, human errors in an entry of data can cause serious problems which may include damaging the reputation of the organization, negatively affecting the business image and in some cases the victims of such mistakes can sue the organization. It is estimated that on average a person can a make one mistake in every three hundred characters entered when recording information or data. With such statistics it is estimated that many businesses make huge losses every year. On the other hand, barcode technology is more accurate and is estimated to make one error in every thirty-six trillion characters based on the type of machine used.
The third advantage of the barcode is that it helps the business reduce operational costs. Although barcode technology was originally expensive, the popularity of this system and the innovation of inexpensive equipment have made this system to be affordable for virtually all organizations. It is important to note that barcodes fonts are available online for free and therefore available for small businesses that do not have huge capital to invest in complicated barcodes systems.