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Five Industries Benefiting Most from RFID and Barcode Solutions 

Five Industries Benefiting Most from RFID and Barcode Solutions

Radio Frequency Identification and Barcodes are valuable tools for tracking inventory and improving supply chain management. Many companies are using RFID tags to create inventory systems that are better and gain new details about how the products move through the supply chain. Consumers are also starting to see the benefits of RFID tags and barcode solutions   when they check out groceries or order items online and it is no surprise that RFID and barcode solutions have been labeled a game changer in many ways. 

Retail Industry 

Using RFID and barcode solutions in a retail industry, such as grocery stores, clothing stores, or convenience stores, can ensure the level of efficiency that is needed to provide the best customer service. Implementing RFID and barcode solutions in retail stores helps to: 

  • Reduce any friction at the checkout points 
  • Improve point-of-sale transactions to a large extent 
  • Enhance the inventory management 

Automotive Industry 

Starting from the individual parts to finished vehicles, RFID and barcodes are largely changing the automotive sector. RFID has now become the most trusted industry standard to track the tires’ lifecycle. Companies are now using RFID to track tires during manufacturing to speed up and improve the processes. As tires leave the manufacturing unit, they can be tracked throughout the supply chain even into warehouses today. 

 RFID and barcodes are digitizing the automotive field by: 

  • Keeping track of essential parts during the vehicle assembly 
  • Ensuring that the vehicle is shipped correctly and without any hassle 
  • Allowing full traceability throughout production stages 

Transportation and Logistics 

The logistics business moves a variety of goods in large amounts every single day. RFID tags facilitate tracing and managing these products in each phase. 

RFID technology can automate all the processes within the supply chain making it easier to track pallets, cartons, and even containers. It offers advanced technology for capturing, storing, and exchanging information about transport means, packaging, and transport units and goods on their way to destinations. RFID can also capture important transport and storage conditions such as humidity, shock, temperature etc. This can help to guarantee safety throughout the transportation to protect genuine parts from counterfeit and provide real-time data for the operators. 

RFID offers seamless logistics as well as supply chain management by: 

  • Reducing human errors and inventory mismatch 
  • Automating shipping-related tasks 
  • Providing real-time product updates 

Assuring Accuracy in the Aviation Industry 

RFID and barcodes are a key factor in improving efficiency in the aviation industry and offering a better travel experience. RFID encoding standards are crucial in ensuring optimal functionality. Tags might be put on returnable transport items, clothing, or even parts that are shipped to the customers. It would not be possible for multiple parties to read the same RFID tags if the data on these tags were not standardized. 

Even though RAIN RFID is reliable and supports real-time tracking, it still has challenges such as RAIN flooding and Acid RAIN which require proper encoding. The best way to get past those challenges is to use proper formatting to optimize RAIN RFID tags for the best functionality.

Healthcare Industry 

RFID and barcodes can be leveraged to improve the tracking of pharmaceutical products throughout the supply chain.  

RFID barcode asset tracking can be used in hospitals or patient care facilities to verify stock and determine whether the right dosage is being administered. When a certain medication has passed its expiration date and must be replaced, medical staff can be immediately informed. 

Printers can be used to print RFID wristbands to verify the patient’s identity and tag costly healthcare devices to monitor movement in real-time for better asset tracking. 

Harnessing the Power of RFID 

Industries from retail to healthcare to biotech, logistics, horticulture and field service are all adopting RFID and barcode technology for better tracking and inventory management. The benefits of choosing a good RFID solution provider and/or barcode solution provider are clear: companies can cut down on excess inventory, track shipments more accurately, improve efficiency, and save money. By using the right RFID and barcode solutions companies can be more cost-effective and maximize their profits. 

As outlined in this blog, adopting RFID technology can be a complex choice, requiring careful planning, implementation as well as ongoing support. As an industry professional looking to implement RFID technology in your processes, partnering with a reliable and experienced RFID solutions provider is extremely crucial for your business. By leveraging the expertise of an experienced provider and staying up to date with the latest advancements in RFID technology, you can position your business for success in today’s ever-changing industry. 

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Product Technology Uncategorized

The Importance of Cybersecurity in Asset Tracking Software

The Importance of Cybersecurity in Asset Tracking Software

What is Cybersecurity in Asset Management? 

Cybersecurity asset management is the process of identifying the IT assets that your organization owns and the potential security risks that affect each one on a real-time basis. 

Assets can take many forms. They could be traditional devices, such as PCs and servers or they could be specialized IoT, IoMT, IIoT, or OT devices or even software-defined resources, like a cloud-based database or company-owned domains. 

Any device, resource or service that exists within the IT estate could be prone to risks and vulnerabilities that lead to a breach of the individual resource or network or if the attackers use one such compromised resource to launch a broader attack. 

Importance of Cybersecurity in Asset Management: 

Cybersecurity in asset management empowers the security team, as well as the business, with the visibility it needs to build comprehensive security strategies that mitigate threats quickly and proactively. This kind of an approach delivers many key benefits: 

  • Cybersecurity is not a distraction: With strong cybersecurity in asset management in place, businesses can deploy new IT services without letting security become a distraction or even a hindrance. They can make decisions based on business priorities, with the confidence that whichever changes they make, will be caught by their cybersecurity in asset management process for potential vulnerabilities. 
  • Proactive response: Cybersecurity in asset management helps the security teams detect any potential threats even before they become a very serious problem. By continuously and effectively keeping track of new deployments as well as risks, teams don’t have to wait till they detect any active attack to respond to it. 
  • Security visibility: If an attack does occur, cybersecurity in asset management will provide the security team with an inventory of assets and risks that can be used to gain context on what went wrong and when it went wrong. Instead of having to redo the whole deployments and configurations to track the origins of a breach or vulnerability, the teams will have an up-to-date record that they can easily refer to almost immediately. 

In the above-mentioned ways, cybersecurity in asset management puts businesses in a much stronger position to identify and react to any possible security risks. Although cybersecurity in asset management is only a component of an effective cybersecurity strategy, it’s not possible to maintain a proactive security operation without cybersecurity in asset management in place in most cases. 

Risks Associated with Poor Cybersecurity in Asset Management 

Lack of cybersecurity in asset management software solution or asset tracking software, or poor implementation of the same, does not just make security operations more challenging but also creates many critical risks for the business. 

The major one among these is a higher risk of business disruptions. If any essential data or systems are made unavailable by any breach, the business may not be able to operate well. Such disruptions will harm the business’s reputation and have serious financial consequences. 

Poor asset management in cyber security also makes it extremely difficult to maintain a continuous and accurate inventory of the IT resources that are available. Without knowing what exists in the IT business, you will be left guessing about where the most serious risks lie. Lack of such things is what makes it difficult to deploy security resources efficiently and to respond to such issues when and if they arise. 

Also, ineffective cybersecurity in asset management undercuts the security team’s ability to operate efficiently. This makes it difficult to automate the security operations when there is a lack of an accurate listing of which resources or risks exist and instead, left to find and secure devices manually, which makes it a poor use of time and money. 

Why Prioritize Cybersecurity in Asset Management? 

Organizations have been placing little priority on asset management in cybersecurity simply because the tools necessary to automate cybersecurity in asset management processes didn’t exist till a few years back. It also wasn’t practical to maintain real-time and continuous inventories manually as well. 

With the rise of automated resource discovery and threat identification tools, cybersecurity in asset management plays a large role in security operations across a variety of verticals in today’s times. It’s critical not just for software and IT businesses, but for all organizations that rely on software and hardware to power its operations. 

In manufacturing, asset management helps ensure high-value equipment, such as diagnostics and monitoring systems, and machine sensors, remain secure and free of threats that could disrupt the operations. 

Cybersecurity asset management also protects healthcare organizations, which face high rates of ransomware attacks and vulnerabilities that may exist within specialized devices deployed as part of the Internet of Medical Things. 

Any enterprise that deploys connected devices to help manage and monitor physical infrastructure, collect business data and extend networks into spaces needs asset management to keep those devices and the business secure and free of threats. 

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Product

How to Choose the Right Inventory Tracking System for You

How to Choose the Right Inventory Tracking System

Fast-growing enterprises need a sophisticated approach to keep pace with incoming opportunities as well as successes. 

If you find yourself in a situation where you are pivoting to a more robust inventory management that can resolve existing bottlenecks, you are not alone! 

But you must ensure it works well with your current business workflow. 

In this blog, we’ll talk about why you need the best inventory management software, how to choose the right one, and how to make sure it serves your business infrastructure. 

How can an inventory management system help? 

An inventory tracking system keeps track and oversees all your stock products and raw materials with accuracy. 

While some software solutions manage the entire supply chain, others are more focused on certain aspects of business, like shipping, storage, fulfillment and so on. It’s your job to assess what your business requires in the long term. 

Here are the features available for inventory management: 

  • Forecasting inventory levels  
  • Tracking inventory in real-time  
  • Generating reports  
  • Managing warehouses  
  • Implementing inventory barcoding  
  • Managing price lists  
  • Conducting product cycle counts  
  • Streamlining the ordering process for optimization  
  • Managing customer relationships 

These system capabilities work together to avoid bad purchasing decisions leading to issues like overages or stockouts. 

Is it time for you to switch to an inventory management solution? 

If you’re a growing business, then the answer is – yes! Start-ups can make do with manual inventory systems during the early stages, but as the volume of transactions grows, it’s important to have a more advanced solution.  

You should switch to an inventory management solution if you have: 

  • A surplus of obsolete inventory 
  • Time-consuming procedures 
  • Consistent negative cash flow 
  • Excessive ordering and storage costs 
  • Lack of real-time data for urgent decisions 

Without the right inventory system, the above-mentioned circumstances can drain your finances, which is considered a potential red flag. This can lead to low inventory turnover and excessive working capital, which means – idle funds in the inventory. 

Tips on how to choose inventory management software:

1. Type of Inventory System 

You can choose a suitable inventory system based on the infrastructure. There are of two types: on-premises and cloud-based solutions. 

On-premises Inventory System 

On-premises inventory system runs on their own servers and comes with licenses. These systems are suitable for both single as well as multi-warehouse environments. They can also adapt to the most complex of processes. 

Advantages 

  • Greater customization 
  • Enhanced data security 
  • Complete ownership and control 
  • No influence from any external factors 

Disadvantages 

  • High upfront cost 
  • High maintenance costs 
  • More difficult to deploy 
  • Long downtime 

Cloud-based Inventory System 

Businesses of all sizes can benefit from cloud-hosted software as it is affordable and accessible at the same time. You’ll often see this inventory system as software-as-a-service (SaaS) application hosted on vendor servers and billed monthly or even annually. 

Advantages 

  • No upfront costs and affordable maintenance costs 
  • Scalable on-demand and flexible 
  • Accessible on any device at any time 
  • Quick implementation  
  • App marketplace with add-ons 

Disadvantages 

  • Internet dependence 
  • Higher long-term costs 
  • Unsuitable for complex development needs 

2. Business maturity 

Business maturity goes beyond how long one has been in the business. It also includes how established one is in the industry. Not all platforms can be scalable to meet the needs of ever-growing organizations. So, find one that fits your own requirements by understanding your business and defining the following: 

  • Business size  
  • Number of SKUs across multiple locations 
  • Number of monthly/annual transactions 
  • Number of staff with access to the platform 

3. Selling channels 

If you are using more than one selling platform, then make sure your software can handle multi-channel integrations. Your inventory system should be able to sync your balances from the many selling channels as well as locations like: 

  • Brick-and-mortar shops 
  • Online store websites 
  • Mobile apps 
  • Self-service  
  • Consignment 
  • Reselling 
  • Third-party marketplaces 

4. Cost 

Estimate how much budget can be devoted to your inventory system in the long run. Depending on the method you choose you will be priced: 

  • Onetime licensing fee 
  • Regular monthly subscription 
  • Discounted annual subscription 
  • Flexible plans based on budget 
  • Flat rate interest per transaction 

5. Company goals 

Whether you want to increase your revenue over the next two quarters and your portfolio comprises small, cheap items and huge, expensive equipment or you need to decide which of them are worth investing in to achieve your goal. 

Whatever your goals may be, your inventory system needs to be flexible enough to adapt to all your needs. 

6. Features 

Features are what separates the best inventory software programs from any other available options and help you choose the right system for your business. Some features are a nice addition to have, but here are some that are non-negotiable: 

  • Data security 
  • Inventory tracking 
  • Stock transfer control 
  • Product segmentation 
  • Automatic replenishment 
  • Reports and analytics 
  • Third-party software integration 

Considering the expanded knowledge of how inventory systems can contribute to overall company efficiency and cost savings, it’s time to put your knowledge into practice and begin searching for a good solution for your business needs. 

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Solutions

Cloud-Based Sales Management Solutions for Global Teams 

Cloud-Based Sales Management Solutions for Global Teams

Almost everything we do is on a cloud-based system in today’s era. Right from the data and information on computers to data on mobile phones, tablets, smartwatches and other devices, the cloud stores almost everything so that the devices don’t have to get overloaded with data. 

Relying on Cloud-Based Sales Management system for its enhanced contact management features, to effectively managing the sales pipeline, customer interactions, improving customer relationships, providing great customer service and customer support, helps in the improvement of customer satisfaction and maintaining the larger customer base. 

What is cloud-based sales management software? 

Cloud-based sales lead management system is a type of software that runs on the internet and not the local computer or server. This means that you can access it from any device, anywhere, at any time, if you have an internet connection. Cloud-based sales software usually includes features such as CRM, sales automation, reporting, forecasting, and analytics, that helps manage and optimize sales cycle.  

How cloud-based sales software can improve your efficiency: 

One of the major benefits of cloud-based sales management software is that it can streamline the sales workflow to save time and resources. You can also integrate your cloud-based sales software with other tools that you use, such as email, calendar, social media, and accounting to sync your data across them, to avoid duplication, inconsistency, errors, and to have a single source of sales information. 

How cloud-based sales software can enhance your collaboration: 

A benefit of cloud-based sales software is that it can foster better communication and teamwork among the sales members and other stakeholders. You can share and update your sales data, documents, and feedback in real-time to avoid confusion and delays. You can also use cloud-based sales software to communicate with your prospects or customers and provide them with personalized as well as timely service. 

How cloud-based sales software can boost your insight: 

Cloud-based sales software can provide valuable insights and intelligence that can help you make smarter decisions to improve your sales results. You can also use cloud-based sales software to generate and visualize reports, dashboards, and charts, to measure and evaluate your sales performance, pipeline, and forecast. You can also use cloud-based sales software to tailor your sales strategies and offers accordingly.  

Here are some best practices for using cloud-based sales software: 

To get the most out of cloud-based sales software, you should follow some best practices to ensure its effectiveness and security they are: 

  • Select software’s that meets your needs, budget, and goals, while providing you with reliable and scalable service, support and updates.  
  • Train and educate your sales staff and other users on using this software. 
  • Maintain and update your sales data regularly to protect it from unauthorized access. 
  • Review and optimize your cloud-based sales software usage and its performance periodically to seek feedback from your users and customers. 

Cloud-based sales software or online sales management solution keeps all the important data in the cloud and updated often, and, even better, the employees of the company can access it anywhere, at any time. 

Cloud-based sales management systems provide practical and efficient solutions for global sales teams. With the ability to access real-time data, streamline processes and collaborate seamlessly, these tools can enhance the productivity and effectiveness of sales teams to a great extent. Additionally, these tools offer advanced analytics and reporting capabilities, that can enable businesses to make data-driven decisions and optimize their sales strategies as well. By leveraging cloud-based sales management systems, you can stay ahead of the competition and achieve your sales goals. 

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Solutions

Inventory Management vs Asset Management: The Differences and Similarities

Inventery Managment vs Asst Managment

When it comes to managing company assets, most businesses are aware of the need for a good asset management. But there is often confusion about the differences between asset and inventory management. In this blog, we will explore the differences between these two essential parts of company operations and also look at the benefits of managing assets and inventory together.

The Difference Between Assets and Inventory

An asset is something that businesses own and use to generate income or something that could be converted into cash such as a piece of land, machines, or even a fleet of vehicles.

• Inventory is broadly classified into two type’s namely raw materials and finished goods.

• Assets are a long-term investment

• Inventory is a short-term investment

• Assets are larger and more expensive things

• Inventory consists of smaller and less expensive things

• Assets are usually owned by the business

• Inventory is usually purchased from suppliers

• Assets are managed for productivity

• Inventory is managed for profitability

Both assets and inventory are important components of a company’s balance sheet, but they essentially serve very different purposes.

What is Asset Management?

Asset management is the process of planning, controlling, and monitoring an organization’s physical assets with the goal to ensure that the organization’s assets are used in an efficient and effective way. This includes ensuring that the assets are available when needed and are properly maintained and safe to use. An effective asset management plan has several benefits that can help an organization achieve all the strategic goals. It can improve the efficiency of an organization’s operations by reducing the need for any duplicate equipment or infrastructure. It can help optimize the utilization of existing assets that lead to improved productivity and reduced costs. Asset tracking software can also help improve the safety and security of the organization facilities and staff by reducing the risk of accidents and theft, leading to a safe workplace for employees and also lowers the insurance rates for the organization.

What is Inventory Management?

Inventory management is the process of tracking items and managing stock levels by monitoring inventory turnover and predicting future needs. It includes a wide range of activities, such as forecasting demand, setting stock levels, physically counting inventory and so on. Inventory management should be closely aligned with other business functions like sales, marketing, and operations in order for it to be effective. The goal of a good inventory tracking system is to ensure that the right level of stock is maintained to meet the customer demand. This requires a balance between the carrying cost and the stockout cost. The carrying cost includes expenses like storage, insurance and financing, and the stockout cost includes lost sales, expedited shipping charges and lost customer goodwill. Inventory management requires careful planning and execution as it is essential for businesses that rely on inventory in order to meet customer demand.

Asset Management vs Inventory Management: The Differences

• Inventory management is concerned with the flow of goods in and out of a company.

• Asset management focuses on the fixed assets of a business and how they can be used effectively to run the operations.

• Inventory management is all about keeping track of stock levels and ensuring that the goods are available when they are needed.

• Asset management is all about making sure that a company’s assets are being used in the most effective way in order to meet the demands.

Asset Management vs Inventory Management: The Similarities

Even though inventory management and asset management are two very different things, there are some similarities between the two as well.

• Both inventory management and asset management involve tracking and managing assets.

• Both inventory management and asset management require businesses to make decisions about how to best use their assets.

• Both inventory management and asset management involve planning for the future.

Can Assets and Inventory be Managed Together?

In many businesses, inventory and assets are managed in separate systems but there are several advantages to managing both inventory and assets in the same system as it can help improve accuracy by providing a single source of data which can be very helpful when inventory levels are low and assets are being used to fill the customer orders. Also, managing both inventory and assets in the same system can help to reduce costs by eliminating duplicate data entry and also reducing the need for manual updates. A single system can provide valuable insights by generating reports that will show how your assets are being utilized.

Ultimately, the decision of whether to manage inventory and assets in the same tracking system or different systems depends on the specific needs of your business. However, there are several benefits that make it totally worth considering.

Ultimately a best inventory management software and asset management software solution offers a wealth of benefits that any business will be wise to take advantage of. If you’re interested in learning more about how our comprehensive asset and inventory management systems might benefit your business? Get in touch with us to explore our asset and inventory management solutions.

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Solutions

Sales tracking Software: Its Importance, Features and Benefits

Implementing sales tracking software is one of the most successful sales strategies out there that can take your business to the next level. With this powerful saas solution, you can streamline business processes and achieve your business goals at a fast pace along with an increase in customer satisfaction. This will in turn make business management easier for you by automating the repetitive business tasks, visualizing sales funnels, systematizing sales operations and closing all the loopholes. Sales tracking solutions are user-friendly, and you can go for customizable versions for better and improved business functionality. In this blog let us have a look at how sales team tracking software works and enhances sales. 

What is sales tracking software? 

Sales management software helps businesses track, analyze and monitor the sales procedures right from collecting orders to the after-sale services. It helps businesses to identify bottlenecks in the sales pipeline and resolve them in an immediate effect. It also pinpoints the areas of success in the business processes and finds areas to be improved with the instance.  

Why is sales tracking software important for business? 

Sales tracking is an important part of business that is used to keep a record of the daily sales and business performance, for a better future planning, and to improve the quality of the sales. Sales tracking is more than using a pen and paper. It is about keeping a record of sales, customers, and data related to them, employees and their names and how much they have sold, products and how much profit your business has made from them. Sales tracking is a process that plays a significant role in any business as it can help you understand what products are popular and what is not and identify which employees are performing well and which ones are not. 

  • Sales management software manages everything in real-time considering time, cost and efficiency.  
  • It identifies potential leads with ease and tracks them quickly to make fast conversions and more sales opportunities.  
  • It supports team collaboration by allowing businesses to coordinate field sales and remote working.  
  • It reduces human effort when it comes to collecting business data and the related manual processing.  
  • It helps sales reps manage sales processes more accurately and efficiently. 

Features of a good sales tracking software platform include 

Finding the best sales management solution is an intricate task, and once you overcome this task, you can complete the first stage successfully. Sales tracking solutions offer many features, on which you should never compromise while choosing one.  

1. Lead tracking 

Lead tracking is one of the most vital processes of sales management. Lead tracking is essential for businesses as it can reveal customer behavior which is crucial for dealing with them in your future business operations. Tracking speeds up conversion rate and can help you identify and know how to convince your leads with personalized services. 

2. Real-time business insights 

Real-time visibility helps business organizations manage ongoing sales performance in the sales funnel with ease. You can be aware of the changing choices of your customers and satisfy them with personalized services as well. This will be helpful for you in finding the gaps in the sales cycle and helping your businesses be on track. The real-time insights also help in sales forecasting and maximizing business opportunities. 

3. Centralized data management system 

You can centralize all business data into one location with good sales tracking software. This will make sales tracking easier for your sales teams as there will be no need to carry paper files and a single piece of data will be organized in the central database for very easy retrieval. 

4. Sales automation 

Automation is very much needed for a business organization as taking care of sales tracking right from lead generation to closing a deal is a very complex and tedious process. With sales automation, you can streamline your business processes and manage the entire workflow to free up more time for your employees so that they can invest their time in focusing on what matters in sales growth. 

5. Real-time location access 

Sales tracking software helps managers in tracking the live location of sales executives in real-time and accessing the GPS location. This can help businesses in controlling and monitoring sales and reducing unwanted lagging and hindrances. 

What are the benefits of the sales tracking software? 

There are several benefits of using sales tracking software in your business some of them are: 

  1. Tracking sales activity 
  1. Employee attendance tracking 
  1. Managing expense 
  1. Managing orders 
  1. Lead management 
  1. Tour planning 
  1. GPS tracking  

There are a number of benefits that your business can receive from using a sales tracking software. The first being the ability to track your employee’s performance, as you can get real-time reports on each of your employee’s sales without them having to do any complex work. This will in turn help you to easily identify any issues that your employees are facing and allow you to resolve them at the earliest.  

Another benefit that sales tracking software can provide is the ability to easily track and analyze the sales of your business. You can have real-time access to your sales information, and the right insight into your business’s sales performance. There are different sales tracking software options available today, so it’s important that you do your research before you make an informed decision. 

The other benefit is that good sales tracking software can help in increasing productivity and improving the sales of your business. If you are someone who spends a considerable amount of time in your business, then you need good sales tracking software that can help you to track your sales and to get reports of statistics. There are different types of sales tracking software available today that you can use according to the unique needs of your business. 

 We are a software development company providing robust sales tracking tools which are cloud-based and have many features that can help you to run your business smoothly and easily.  

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Solutions

Barcodes: Why They Are Important and How They Help In Inventory Management

For many businesses the benefits of barcode scanning has already been witnessed at the inventory level. Barcode scanning enables effective inventory management providing accurate information about employee work hours by tracking production progress to avoiding bottlenecks.

Barcode scanning results in fewer errors when compared to manual data collection methods and is more efficient in terms of time and human resources. Companies implement barcodes to reduce costs related to delays, thefts and errors due to manual data entry.

An affordable barcode inventory system can be applied throughout production and other areas of operation including logistics.

Advanced Material Handling With Barcodes

Inventory management goes beyond the end products that are waiting to be shipped. It is a process that covers everything starting from production to the sale of the goods. Barcode scanning allows companies to understand their stock records better and also the availability of goods in the warehouse. This can prevent delay in product runs due to a specific material exhaustion by alerting the employees to quickly order and/or defer production till the stock is refilled.

Barcode scanning facilitates material tracking with transaction histories that record item information and their locations. This guarantees the accuracy of data entry, information revision, and also eliminates human errors.

The challenges manufacturers encounter in stock control when stock details are inaccurate and processes are manual due to customer preference changes and products being hard to locate can be solved using barcode scanners.

Barcode inventory system for small businesses as well as large businesses helps streamline complicated processes related to managing inventories.

Powerful Software Integration

Barcode and inventory software technologies are being incorporated to automate daily transactions, reduce costs, and minimize human error when it comes to data-collection operations. Barcode technology helps decrease planning and operating uncertainties for businesses but as barcode scanning usually doesn’t work independently, it has to be integrated with Enterprise Resource Planning software (ERP).

Not just any off-the-shelf ERP solution will work for all your business needs. Each business has unique issues, customer demands, market pressures, manufacturing processes and goals to manage. So, an end-to-end ERP solution for both discrete and process manufacturers that includes predictive analytics, collaboration and interaction options is necessary. The solution should help you streamline and automate all your operations.

Benefits Of Using Barcode Technology in Stock Control

One of the main reasons barcodes have become common in different industries is that they help build a standard that identifies the same product or item across the supply chain. When a product is developed, the manufacturer assigns it a Unique Product Code barcode label (UPC) for fast product identification and the manufacturer, consumers, distributors and retailers can access the accurate information using the UPC.

Automation is the major factor that reduces dependency on manual tasks eliminating errors in recording data in real time as the item travels through the supply chain.

Below are the major benefits of using inventory management software with barcode scanner:

1. Increased Accuracy

A barcode inventory system will ensure the accuracy of the stock count and minimize the dependency on manual data entry when it comes to product information at the time of receiving and also reduce the chances of errors.

2. Boost in Efficiency

Manual data entry is time-consuming and error-prone. That’s why, barcode inventory control can help reduce the time spent manually entering product information and rectifying the errors. This results in enhanced efficiency.

3. Real-time Data

When an employee scans a barcode on a product, the stock and sales numbers are updated quickly in the business management system widely known as the ERP or Enterprise Resource Planning solution of the company.

4. Reduced Cost

Barcode technology is cost-effective and the investment in implementing a barcode stock control system is low compared to many other modern technological solutions. With mobile devices becoming more prevalent, businesses can avoid investing in dedicated devices and save cost significantly.

Best Practices for Using Barcodes in Inventory Tracking Systems

Inventory tracking is important for many businesses and certainly more critical to some specific industries, such as retail, other industries can also reap the benefits. Here are some basic considerations you should be aware of if you’re thinking of implementing an inventory tracking system in your business.

Analyze what you want from it: The benefits of having a good inventory tracking system, particularly one with barcodes as the core, is becoming apparent across the retail industry. But what if you’re an IT director at a non-retail organization then there are asset tracking advantages that you can get from it too.

So, sit down with relevant stakeholders to figure out what features would be important for your business and then figure out how to apply its features into your business.

Ensure that the vendors you are relying on can specifically address your needs and issues. Also, you have to determine if you need integration into an existing or new system as well.

1. Try before you buy:

Test your software and barcode labels before you deploy your entire barcoding system to avoid making the mistake of just starting to use them directly. You might discover that the labels you’ve chosen aren’t resilient enough or the hardware you chose isn’t efficient in scanning correctly the first time and so on. You might also discover that you want more data from your barcode or use different barcode types for differing products from a software point of view. Good sophisticated barcode software’s will offer dozens of ways to improve barcode recognition with absolute accuracy.

2. Build a Back-Up for your Inventory Tracking System:

A proper backup plan should be in place which isn’t just for the data. You should consider having a proper backup inventory tracking system, from a good cloud computing solution that offers a variety of options for backups, be it a total cloud approach or even a hybrid local and cloud approach.

Looking for the best inventory management software for your business? Get in touch with us now to get the best barcode software with outstanding features as well as technical assistance at every step of your development for a smooth deployment experience.

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Solutions

Choosing the Right Managed Cloud Services Provider: Key Factors to Consider

cloud service provider

As businesses continue to embrace the many benefits of cloud computing, choosing the right cloud service provider has become very important. With so many options out there, it can be difficult to figure out which cloud provider is the best option. 

So, how do you know which cloud service provider is best for you? Let’s take a look at 5 key factors to consider when choosing a cloud service provider.

  1. Security and compliance
  2. Cloud service type
  3. Technical expertise
  4. Cost
  5. Specialized cloud services
  6. Support

Security and compliance

The first thing you need to check while picking your cloud service provider is their physical as well as virtual security and compliance levels..

There are a number of certifications and standards which guarantee security preparedness. Security infrastructure and procedures followed by the vendor and Policies for data back-up and disaster recovery must also be checked.

Cloud service type

There are three clouds: public, private, and hybrid. And you need to know which kind of cloud you are looking for. 

There are also three different types of cloud services, IaaS, PaaS, and SaaS. Not every business needs all these services, and each cloud provider has their pros and cons. Once you know what type of cloud you need, you can look at various cloud service providers and go for the one that suits you the best.

Technical expertise

The cloud service provider you choose should have a full stack of technologies that support your current applications and have the capability to match your future needs. It is also important to check the future roadmap of the service provider to understand their mindset towards innovation and catching trends early.

Cost

Cost is always an important factor to consider when going for a cloud service provider as the cost may vary from cloud to cloud depending on your need for products and services. It is important to consider the cost of resources, support, as well as any additional services you may need.

Specialized cloud services

While some cloud services are very specialized and they are either unavailable on public clouds or are too costly, there are some specialized services that are much cheaper and better than popular public clouds.

Support

How much support you can get from your vendor, access to support services, is there time guarantees for solving technical issues, does the service provider offer dedicated account management? These are all some important questions to consider before finalizing a service provider.

Deciding on a cloud services provider is a long process that demands complete analysis from your side. It is important to keep in mind that to get the best service, you need to find a vendor who connects with you.

In conclusion, by considering these top 5 criterias when selecting a cloud service provider, you can ensure that you choose a reliable cloud service provider like Techcedence that meets your specific needs as well as provides you with all the benefits of cloud computing.

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9 common mistakes to avoid when implementing an inventory tracking system?

implementing an inventory tracking system

Inventory tracking systems can be a lifesaver for businesses that need to manage their stock efficiently. However, implementing such a system can be challenging, and there are several common mistakes that businesses make that can lead to inaccurate data, increased costs, and decreased efficiency. In this blog post, we will explore nine common mistakes to avoid when implementing an inventory tracking system.

1. Failing to define inventory goals

One of the most common mistakes businesses make when implementing an inventory tracking system is failing to define their inventory goals. Before implementing an inventory tracking system, it’s essential to have a clear understanding of what you want to achieve. This includes defining your inventory levels, lead times, and order frequency.

2. Choosing the wrong software

Choosing the wrong inventory tracking software can lead to a host of problems, including inaccurate data and decreased efficiency. When selecting an inventory tracking system, it’s essential to consider your specific business needs, such as the number of products you sell, the size of your inventory, and the number of locations you have.

3. Failing to train employees

Another common mistake businesses make when implementing an inventory tracking system is failing to train their employees properly. It’s essential to train your employees on how to use the software and the importance of accurate data entry. This will help ensure that everyone is on the same page and that the system is used correctly.

4. Neglecting to reconcile inventory

Reconciling your inventory is an essential part of any inventory tracking system. Neglecting to reconcile your inventory can lead to inaccurate data and decreased efficiency. Make sure to reconcile your inventory regularly to ensure that the data in your system is up to date and accurate.

5. Not conducting regular audits

Regular audits are another critical part of any inventory tracking system. Audits help ensure that the data in your system is accurate and that you’re not missing any inventory. Make sure to conduct regular audits to catch any discrepancies and correct them quickly.

6. Overlooking barcode scanning

Barcode scanning is an essential tool for any inventory tracking system. Overlooking barcode scanning can lead to inaccurate data and decreased efficiency. Make sure to use barcode scanning to track your inventory accurately.

7. Ignoring data analytics

Data analytics is another critical component of any inventory tracking system. Ignoring data analytics can lead to missed opportunities for improvement and decreased efficiency. Make sure to analyze your data regularly to identify trends and areas for improvement.

8. Failing to integrate with other systems

Integrating your inventory tracking system with other systems, such as your point of sale system, can lead to increased efficiency and accuracy. Failing to integrate with other systems can lead to inaccurate data and increased costs. Make sure to integrate your inventory tracking system with other systems when possible.

9. Not prioritizing data security

Data security is a critical consideration when implementing any system that involves sensitive data. Not prioritizing data security can lead to data breaches and other security issues. Make sure to prioritize data security when implementing your inventory tracking system.

Conclusion

In conclusion, implementing an inventory tracking system can be a game-changer for businesses looking to manage their stock efficiently. However, it’s essential to avoid common mistakes such as failing to define inventory goals, choosing the wrong software, failing to train employees, neglecting to reconcile inventory, not conducting regular audits, overlooking barcode scanning, ignoring data analytics, failing to integrate with other systems, and not prioritizing data security. By avoiding these mistakes, businesses can ensure that their inventory tracking system is accurate, efficient, and secure. For more information about inventory tracking system, write to sales@techcedence.com

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Digitization – Why it is the key to all businesses

digitization in business

Owning a business in today’s digital era makes it important to harness the potential of digital technology as it is critical to unlock value in the current global economy. That’s why it is no surprise that for many businesses, digitizing has also become essential for their basic survival. 

Be it a home-grown business or huge business, every sector is reaping the benefits of going digital. Take a look at some of the major reasons why it is important for your business:

On-demand service

Today’s customers expect the same kind of experience in a professional environment that they have with technology in their personal lives too. But for a business, this can be quite challenging to achieve.

Businesses increasingly demand more hybrid IT services and agile networking capabilities and getting the user experience right is a very critical part of a business transformation. This includes the experience of working with the IT team and tools as well.

Enhanced data collection

Digital transformation creates a system for gathering the right customer data and incorporating it fully for the business intelligence at a higher level.

The consumers today are increasingly aware of, and concerned about how their data is collected and used. Show them that you respect their data by putting strong privacy practices in place and giving them the opportunity to change their minds at any time. As the business evaluates the customer journey as part of their digital transformation, you can also consider how you can give your clients greater autonomy over their own data using data privacy. 

Better customer experience

Consider how your digital transformation can deliver more seamless, intuitive experiences for your customers. This spans from email communications to user portals, digital products, and even the format by which you reach out to any new prospects.  

Customers have very high expectations for digital experiences, as they are used to having endless choices, low prices, and fast delivery. That’s why it is important to empower them with the autonomy to make decisions around their data and give them a top notch user experience.

Strengthen business partnerships

In today’s times, the demands from customers are increasing and so is the competition within industries. Firms are becoming increasingly reliant on each other with the aim of producing a diverse range of products and services that interest the customers.

Managing these partners often requires document-based communication, a process that is traditionally exhausting and an obstacle to efficiency. But with the use of technology one can redesign this process. 

By constructing a digital process at an early stage, and integrating technology throughout the organization, businesses stay up-to-date and open themselves up to future partners. Over time, digital transformation strengthens any business partnership, paying for itself in its overall benefits.

Increased agility

Digital transformation makes organizations more agile. Technology can increase their agility with digital transformation to improve speed-to-market, allowing faster innovation and adaptation while providing a pathway to improvement.

As you invest in your digital transition, you need to determine where you will reap the most reward. It is clear that the companies that invest the most are generally more profitable. Those who defer digitization, or even try to undermine and minimize the cost of the investment, may discover that the consequences are farther-reaching than a short-term improvement to the profit margins. This decision could be critical to your survival.