
Many retailers overlook the significance of UPC barcodes for their products. However, these black-and-white designs and collections of numbers can be very beneficial for small businesses.
UPC barcodes are everywhere, and consumers encounter them all the time. Yet many of us do not know these codes have more benefits than simply providing a product scan when checking out.
Universal Product Codes are unique 12-digit numbers that are assigned to retail merchandise. The nonprofit organization GS1 provides these codes, and GS1 is responsible for developing and maintaining global standards within business communication. The 12 digits can be broken down as follows: the first six stand for the company’s identity and its prefix. The following five digits create the item’s reference number, which is particular to that item. The last number is known as the check number, and it ensures accuracy and can be checked for any errors.
What is the benefit of UPC code?
Commonly, we recognize barcodes in the retail world. UPC barcodes are assigned to products and scanned during checkout. When the item is inspected, the product’s information is added to the order in the point-of-sale system, and then payment is ready to be accepted.
Therefore, UPC barcodes save the cashier from having to add items to the order manually. This also saves unnecessary waiting time for the customer, which reduces lines in retail stores. However, without UPCs and scanners, the checkout process becomes much more arduous, and the store’s customers feel their time is wasted.
Additionally, UPC barcodes improve the accuracy of the checkout process. All employees make mistakes, but barcodes help record information accurately and with reliable ease.
The price of barcode scanners has also dropped, so more retail stores can afford them. In addition, thanks to the introduction of tablet-based POS systems, new manufacturers, and increased demand, the systems are more readily available than ever. For approximately $100-$200, new retail companies can purchase a barcode scanner and enjoy the benefits that UPS barcodes provide.
When retail stores receive orders from wholesalers, they will find that most products already possess barcodes. Therefore, the business will only need to ensure that their POS system can scan the codes at checkout and will be ready to go. Most POS systems scan codes in this way now, but it is recommended that small businesses try out their new systems before placing them at their retail counters.
How barcodes are used for inventory management?
Barcodes can help improve inventory management. Managing inventory can be tedious for retailers, as they attempt to organize their products while busy with other tasks. However, UPC barcodes make stocking the shelves easier. When small business owner receives inventory from a supplier, they usually check the items into the system. Experienced business owners know that they must ensure the products are intact, then add the new items to the inventory list and place them on the shelves.
Most deliveries consist of numerous items, which can be challenging to keep track of. These large deliveries also create the chance for data entry errors, especially for busy companies that do not yet have POS systems. In addition, they are often not caught when mistakes are made, and the resulting chaos can cause problems and headaches.
However, using UPC barcodes and a scanner can alleviate this issue. The business owner or employee can quickly scan the UPCs, enter the product information and quantities, save the relevant information and proceed to the next item. There is no need to check on the data, and the business can be confident that they have recorded the inventory correctly. Plus, many new barcode scanners are easy to set up and incorporate seamlessly with Bluetooth.
UPC Technology is Effective
Starting a new business can be expensive and, at times, overwhelming. Although a barcode scanner will cost $100-$300 upfront, it will also alleviate stress and save the company time in the long run. When the small business runs smoothly, checkouts are a breeze, and all inventory is accounted for, the business owner will know they made the right choice.