Everything You Need to Know About QR Codes for Inventory Management
June 8, 2023
One of the biggest challenges that the retail and manufacturing industry faces today is complex inventory management. Businesses tracking their inventory by manual method are the ones struggling especially since there are huge numbers of parts to count & choices at the checkout corner, which can be time-consuming.
That is where the evolution of QR codes came enabling workers to just scan & encode information on the product label without manual entry. In this blog, we will learn about the significance of QR codes in inventory management systems and how reliable Custom Inventory Management Software can help in organizing complex production processes for better customer outreach.
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How Do QR Codes Work?
UPC (also known as Universal Product Code) bar codes can be defined as a barcode used for scanning items at the point of sale and this is defined as a rectangular shape with a pattern of vertical lines. On the other hand, QR codes are a pattern of points in a square way.
This offers more convenience and ease as this shape allows scanners to read the code on both sides i.e. vertically and horizontally. This switch to a square shape helped in increasing the speed of inventory management & better checkout times.
With the increase in demand for services associated with Mobile Inventory Management for Enterprise as well as startups, retail businesses are now making use of QR codes in high volume as the pixelated pattern on the QR code helps in storing information more precisely.
Having the capability to hold more than 4,000 characters in a single QR code, it can include product information and links to images, videos, and dedicated websites. This allows employees and consumers to get all kinds of information about the part or product just by scanning the QR codes.
Also Read: The Benefits of Custom Mobile Apps for Inventory Management in Enterprises
Why Businesses Must Use QR Codes for Inventory Management?
Many brands now rely on Inventory Management Application Development solutions to use QR codes and grab immense benefits. Using QR code technology will not only make inventory tracking faster but also make it more accurate avoiding manual errors.
The best thing about using QR codes is that employees do not need special equipment to read QR codes and all you need is a smartphone camera linked to an app.
Here are some of the best features that encourage brands to use QR codes for inventory management-
- Real-Time Management
Using QR codes enables businesses to work with up-to-date information regarding products in the inventory ensuring that they make informed decisions about the future. This help in managing inventory effectively as companies can see supply details in real-time, which helps in avoiding production delays because of missing parts or lack of materials.
- Dynamic Information Access of Inventory
With the help of QR codes, businesses can access as well as maintain detailed information about every part of the inventory. For instance, if we are talking about the equipment sector, the QR code helps to connect automatically to a website or database with information about maintenance and use.
Scanning the QR code can help to register an object’s location allowing employees to easily track products, down the assembly line or shipments from the warehouse to a retail store, without much effort.
- Enhanced Speed and Accuracy
If you are thinking to increase the inventory speed without putting much effort and cost, a simple accounting process with QR codes is the best choice. Your employees can just scan the code and register the item with ease.
One of the best things about using QR codes that offer an advantage over UPC bar codes is that a scanner can even read a partially damaged QR code. This helps to eliminate any error during the manual entry of a damaged code, which helps in avoiding miscounts caused by multiple scans of the same item.
- Simplified Implementation
Most businesses are already making use of the QR Code Stock Control App to enjoy a smooth inventory management process. To use QR codes, brands don’t need to struggle with the implementation as many have the equipment they need to move to a QR code inventory system.
Additionally, companies also have the option to pair the smartphones of employees with a robust QR code inventory software solution.
Also Read: Build Your Own Custom POS System – Here’s What Merchants are Looking for?
Benefits of QR Codes for Both Customers & Businesses
The QR code-based Mobile App Inventory Management solutions can be a turning point for retailers, which helps in building trust by enabling customers to take advantage of the information on the code.
Benefits for Customers
One of the best aspects of using inventory management solutions based on QR codes is their connectivity, which means any customer can scan the QR code on a product label to get helpful information about the product.
For instance, a customer buying a food item can visit a website to get detailed information like expiry date, ingredients, etc. just by scanning the code.
Benefits for Businesses
Successful businesses are the ones that rely on data precisely and inventory management with QR codes provides the best means to collect customer information. Whenever customers scan the products, it gives information about when the product is used and in which location. This helps brands collect data like the time between the sale of a product and its usage.
Final Takeaways
With the increased demand for Enterprise Mobile Inventory Management solutions, it’s time for retail and management brands to go for custom QR codes to help benefit their business inventory process. QR code software development will not only help brands to give connectivity but also provide access to information on available stock.
If you are looking for a reliable partner that can help in building solutions that are focused on inventory tracking, POS transactions, data marketing, asset management, and more, you can connect with our expert app developers to implement well-designed QR code software & unlock immense advantages.