What does barcoding mean in stocks? A guide on stock barcode

Nov 21, 2022 - Views: 275

Rating: 4.8 - 53Votes

What does barcoding mean in stocks when you see it on any item? This article will help you answer this question quickly and easily.

Besides, we also give you useful information about the barcode and the guide on setting up a barcoding system. 

Let’s read on for details!

The stock barcoding meaning

The stock barcoding meaning

What Is A Barcode?

It is an image of a series of parallel white and black lines conveying information about products once scanned. 

When were bar codes invented

The first barcode with the Bullseye design was invented in 1948 by two Drexel University students, Bernard Silver and Norman J. Woodland.

They were interested in addressing the problems facing the supermarket industry.

Barcodes can be read with a special optical scanner. 

After the scanner equipment is located through the barcode, the data containing (the price of the product on which the barcode is printed) is processed immediately.

The most popular barcode form is UPC (or the Universal Product Code), first introduced for applying to grocery stores in the 1970s.

The definition of a barcode

The definition of a barcode

How Does A Barcode Work?

The idea behind barcodes is simple. 

Each item is printed with a unique number that can be read and identified by a scanning device. 

This allows you to automate product information, including prices, from products to electronic systems such as checkout. 

Barcodes may be read with a variety of technologies. 

The function of barcode

The function of barcode

The scanner is specially programmed to send the data contained in the bar code to your application program, giving you instant access to an information wealth. 

An interface scanner attached to a computer sends information in barcodes as if they were entered at the keyboard.

What Does Barcoding Mean In Stocks?

What is barcoding in stocks? It is a system to support businesses in tracking and managing stock inventory levels. 

Barcodes are an important part of inventory management systems like Wasp's inventory management system. 

From shopping apps to rainforest clearing, barcodes are used in many innovative ways today. 

However, asset tracking remains one of the barcodes' most popular and practical uses. 

The meaning of stocks barcoding system

The meaning of stocks barcoding system

Here are the reasons to apply the barcoding stocks system:

Know what you need and where to seek it

One of the most obvious benefits of tracking inventory is knowing what inventory you have on hand and exactly where. 

Barcodes are an important part of inventory management systems like Wasp's inventory management system. 

Easily add and confirm information about your specific product

A barcode is a series of alphanumeric characters that, when scanned, retrieve information from a software database. 

You can also use a barcode scanner to add information about items in your inventory. 

Barcode inventory makes it easy to add or retrieve product information. Simply scan the item. 

Know when to reorder

Inventory shortages can lead to customer dissatisfaction and unnecessary business costs. 

When using an inventory management system, stock barcode makes it easy to track inventory, so businesses can also track when they need to reorder. 

Make accounting easier

From audits to cycle counts, using barcodes and inventory software systems to track inventory makes it easier to present data about current inventory to accounting. 

Wasp Barcode's inventory management system uses barcodes and other technologies (scanners, mobile computers, printers) to meet the inventory tracking needs of small businesses.

Barcodes help make accounting easier

Barcodes help make accounting easier

Save time and increase efficiency

Using barcodes can process inventory much faster than other manual methods. 

Most Universal Product Codes (UPC) are 12 characters or more in length. 

You can enter these numbers into the system or touch your finger to wake up the scanner and let the computer input.

All those saved keystrokes give you an amazing amount of extra time to do other things for your business!

Grow your business easily

You may only have a handful of products right now, but what happens when your inventory starts to grow? 

Embedding a barcode system sooner or later will build scalability into your business. 

Scalability means that your barcode system will work the same whether you have 1 item, 100 items, or 10,000 items. 

A barcode system helps avoid business growth issues when adding products.

Having a system in place also makes training new team members much easier. 

Instead of memorizing products and product descriptions and searching for items, members can simply scan a product. 

They also have their computer display relevant product details.

Look professional

A good barcode stock system will improve inventory accuracy and significantly reduce the time customers spend at checkout. 

Also, customers will have a better first impression when they can complete their purchase quickly and easily using a scanning system.

How To Set Up A Barcoding System?

Do you want to set up a barcoding stock system without difficulty? Follow these detailed steps to complete it. 

A guide on how to up a barcoding system

A guide on how to up a barcoding system

Generate barcode

In its simplest form, barcodes are just images that represent numbers, text, or both. 

This image may be read by a scanner, and the information is immediately transferred to your computer.

There are two main choices for setting up barcodes on small business products. 

You may create your own barcodes using barcode fonts (or purchase existing barcodes from universal databases like UPC or web services like ID Automation). 

Generate barcode

Generate barcode

If you only use the barcode system internally, you can use almost any type of barcodes. The most common one is called Code 3 of 9. 

Print these out on standard label stickers, stick them on your product, and you're done.

If you are a manufacturer and want to sell your products on Amazon or major retailers, consider purchasing UPC. 

You should purchase UPC directly from the source, GS1 US. GS1 US now offers a single UPC with no renewal fees. 

Get a barcode scanner

The next step is to purchase and use a barcode scanner. 

Normally, you want something connecting through USB for convenience.

They can be found in wired and wireless options with budget-friendly costs in the market. 

Get a barcode scanner

Get a barcode scanner

Get the software for generating barcode

One of the most common misconceptions when implementing barcode systems is thinking that a simple barcode contains all the product data.

Unfortunately, this is not the case unless you use highly specialised barcodes and scanners outside the realm of small businesses.

If your products already have barcodes, you are ready to set up a complete barcode system. 

Get the software for generating barcodes

Get the software for generating barcodes

However, you still need to set up a database of all product information with a scanner. 

You can associate those products with their respective barcodes with the 1D vs 2D barcode.

Once this is done, just scan the barcode to retrieve the product information you have programmed into the database system.

Typically, barcodes are alphanumeric codes that software on your computer associates with product records. 

All product details need to be saved somewhere on your computer beforehand. 

This is true for most large retailers. 

Even if you use a Universal Product Code (UPC), you still need to preload the database with product information.

Frequently Asked Questions (FAQs)
What is an SKU number?

SKU stands for "Stock Keeping Unit" and is a number retailers use to differentiate products and keep tracking inventory levels. 

Typically, the SKU is 8 alphanumeric characters. 

Products can be assigned multiple SKU numbers based on style, size, type, price, manufacturer, or colour.

Yet, SKUs are not universal. They can be meant to be specific to your business and tailored to your needs or those of your customers and suppliers.

What does the barcode tell you?

Barcodes may tell you about the country of manufacture, manufacturer, product name, and date of manufacture. 

Also, it shows the place of mail start and end, book classification number, category, date, and so on. 

It is widely used in postal and communication management and banking systems.

What are the disadvantages of barcodes?
  • A barcode scanner must look directly at the barcode to read it. It must be very close to reading the barcode within 15 feet. 

  • Barcodes do not have read or write capabilities. 

  • It doesn’t have additional information, such as included expiration date. 

  • It contains only manufacturers and products.

  • They are very labour-intensive. 

  • It has to be scanned separately. 

  • Barcode security is less than RFID. 

  • It can be more easily duplicated or counterfeited. 

  • Barcodes are also easily damaged. 

  • Scanning requires line of sight, so the printed barcode must be visible outside the product. 

  • If the barcode is cracked or damaged, it is impossible to scan the product.

Conclusion

Barcoding is an important part of contributing to effective inventory system management. It is useful to support your enterprise in inventory tracking. You can set this system up without difficulty with the detailed guide in this article. 

Now, you got the answer to the question of what does barcoding mean in stocks?. Remember to carefully check this system before adopting it to avoid undesired problems. 

Rating: 4.8 - 53Votes

10 Comments

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  1. Ashley Lee

    What are the various types of barcoding?

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    1. Barcodelive

      Barcodes are available in two different types: Linear barcodes and two-dimensional matrix barcodes

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  2. Isla Kelly

    Can I find out if a store has a certain item in stocks by entering the barcode?

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    1. Barcodelive

      Maybe, but most likely not. In order to determine availability, you’ll need access to the company’s perpetual inventory system

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  3. Angela Thompson

    As usual, this is awesome insight

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    1. Barcodelive

      Thank you

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  4. Brooklynn Fowler

    Does barcoding have any disadvantages?

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    1. Barcodelive

      It has no write or read capabilities. They also don't contain any added information such as expiry date etc

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  5. Justin Cook

    Is a barcoding stock good?

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    1. Barcodelive

      Barcoding inventory is an efficient way to manage a large amount of stock. It's also recommended if your inventory contains high value items that need to be carefully tracked and maintained

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