Barcode Tracking Systems to Boost Your Business

A barcode tracking system combines inventory tracking with modern technology's power and efficiency. It eliminates the hassle and error typically associated with manual tracking and management and can save your organization significant amounts of time and money. Many organizations continue to key in barcodes manually – an error-prone and tedious way to manage inventory. With a barcode tracking system, one scan is all that's required to gain real-time access to comprehensive information about each asset.

The importance of a barcode tracking system

Suppose you're considering implementing a barcode system within your organization. In that case, you're likely to find yourself overwhelmed by the options for barcode scanners, software, and features offerings. Which product is the best product for your business? That may seem like a hard call to make – after all, your needs today may not be your needs tomorrow. So you want a barcode or QR code tracking system that's flexible enough to incorporate new technologies as they become available and flexible enough to make changes according to your unique business needs.

Features to look for in barcode tracking systems

A barcode scanner is essential to your barcode tracking system, but you don't necessarily have to spend thousands of dollars on specialized equipment. While many options exist, varying in terms of their features and price points, platforms like Asset Panda offer barcode scanning built directly into a mobile app. Those apps can act as cordless portable scanners that users can carry around a warehouse or job site.

Plus, they are capable of reading 1D and 2D barcodes. Users can purchase specialized casings for smartphones to protect them from the elements. You won't have to leave employees waiting to use a limited number of expensive scanners if they use the devices they already carry. Whatever barcode tracking system you choose, you'll also want to be on the lookout for a solution that's easy enough for all your employees to use without extensive training.

The benefits of using barcode tracking for asset inventory management

Barcode tracking systems enable companies to make informed decisions about their inventory needs, carrying enough to satisfy demand without facing early run-outs or surplus that goes to waste. Organizations can also rely on their barcode systems to help them plan and prepare for seasonal variations, identify potential shortages, and avoid ordering items they don't need.

Once you're up and running with your asset tracking system, you'll reduce human error, save money, and eliminate the guesswork that often results when you don't have real-time accurate inventory information.

Reporting for accounting and compliance purposes becomes easier and more reliable since companies can count on the integrity of their data. Theft and loss are also significantly reduced, as items are more traceable as they pass from person to person.

Operational bottlenecks also become a thing of the past when you use barcodes in workflow management. You can quickly identify where items are needed, initiate transfers, and locate your inventory to the exact lot it's supposed to be on. Barcode tracking systems also provide greater visibility into your business, helping you identify potential productivity issues and increasing consistency. That vital data provides you with a sound basis for forecasting, budgeting, and other recommendations.

Asset Panda makes barcode tracking easy for your organization

If you're looking for a barcode and inventory tracking system that offers much more than a traditional solution, look no further! Asset Panda's asset tracking software comes with a free, built-in barcode scanner to save your organization time and money.

Give Asset Panda's asset management software a try with a free 14-day trial (no credit card required)! Our fantastic Asset Panda support team will give you full access to user guides, video tutorials, free mobile apps, and call-in and live chat support.