Wednesday, September 26, 2007

Benefits Of Using Barcodes

Fast-selling items can be identified quickly and automatically reordered to meet consumer demand.
- Slow-selling items can be identified, preventing a build-up of unwanted stock.
- The effects of repositioning a given product within a store can be monitored, allowing fast-moving more profitable items to occupy the best space.
- Historical data can be used to predict seasonal fluctuations very accurately.
- Items may be repriced on the shelf to reflect both sale prices and price increases.
- Besides sales and inventory tracking, barcodes are very useful in shipping/receiving/tracking.
- When a manufacturer packs a box with any given item, a Unique Indentifying Number (UID) can be assigned to the box.
- A relational database can be created to relate the UID to relevant information about the box; such as order number, items packed, qty packed, final destination, etc…
- The information can be transmitted through a communication system such as Electronic Data Interchange (EDI) so the retailer has the information about a shipment before it arrives.
- Tracking results when shipments are sent to a Distribution Center (DC) before being forwarded to the final destination.
- When the shipment gets to the final destination, the UID gets scanned, and the store knows where the order came from, what's inside the box, and how much to pay the manufacturer.

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