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Rilco - A Division of Triad Technologies
513-530-0055   5012 Calvert St. Cincinnati, OH 45209 RMA Request
 
Why You Need to Use Barcodes for Inventory Management
Monday, February 4, 2019

It can cost businesses considerable revenue and customers, if the inventory management of any business isn’t properly organized or structured. Taking care of the inventory is the first step to a more efficient model of the business. Businesses have realized over time that managing the inventory is crucial if you want to improve the day-to-day functions of the company in check.

Easy-to-Use

You do not need to spend a lot of money or time for employee training since it is so simple to use. Some companies use Excel sheets to keep track of their inventory, but manual data inputs are very time-consuming. With a growing business, it can get hard to keep track of tens of hundreds of items and their SKU numbers every day.

With unique barcodes, the information is added quickly and easily in an automated way. This makes it easy to view the inventory and reduce mistakes with data input.

Cost-Effective

Barcodes offer a service in an inexpensive way that would otherwise cost the company a huge chunk of their budget. It implements very fast recognition, implementation of data, and recording of data. It also has reduced training time and improves the overall efficiency of labor. This makes it one of the most cost-effective technologies for inventory management.

It can also significantly lower the costs of capital since it can help you organize your inventory better. This means that you will never place orders for excess things and avoid an abundance of items. It can also make it easier to keep track of items that are about to run out. This means that customers will never have to complain about items that are always out-of-stock.

Companies also suggest that keeping track of the inventory in this way also helps you with taxes. Inventory costs can be added in the tax deductions while filing taxes. If you know the exact cost it takes to log the inventory, then you can deduct the right amount.

Reduction in Error

Human error increases significantly if the inventory is conducted manually. With a barcode scanner, such errors are reduced by a huge margin. Since everything is automated, it is also hard to make errors with the storage of data.

It also reduces error in the front lines, since you can keep track of the orders properly according to the data on hand. This also increases the security of the inventory since items are accounted for. Missing items can be highlighted easily and tracked with such devices.

Easily Available

Barcode technology is now easily available since Rilco Industries can easily implement the barcode system in your inventory management system. It is necessary for any business to adopt this technology at once since it saves a lot of time and money for the company in the long run. It increases customer satisfaction and loyalty since they receive their items without any delay. It makes the overall day-to-day work more efficient since mistakes are cut down from the process.



 
 
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    • 04/01/2019 - Sensors in the Industrial Inte
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 What's New in Rilco  What's New:

Sensors in the Industrial Internet of Things (IIoT)
Monday, April 1, 2019

Although the Industrial IoT market is relatively young, it’s already valued at over USD 102 billion.


Industrial Automation Trends for 2019
Wednesday, March 20, 2019
Recent years have seen an increasing number of industrial innovations and it looks like things will just keep accelerating.
 




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