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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:

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.

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.

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.

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.

• 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.

• 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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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.

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Outsourcing – A Boon or Bane

Outsourcing-A-boon-or-bane

Business processes outsourcing is not a new concept anymore. The main purpose of outsourcing is ensuring better results in key business elements such as supply chain management, Human Resource Management, logistics and other important processes. Outsourcing helps businesses actually focus their resources and energy on the core products and services. It also adds to cost savings as there is no need to invest separately on a team or infrastructure for carrying out the non-core business activities.

There are many benefits that outsourcing a business activities bring in:

benefits of outsourcing
  • The first and foremost advantage is that outsourcing a business process, and the major purpose that leads businesses to adopt outsourcing strategy is cutting down on expenditure that they have to bear  in order to carry out the activities. 
  • Outsourcing non-core activities to experienced outsourcing partners who can deliver better and complex outsourcing projects by putting in their years of experience and competency in the field.
  • When a particular business activity is outsourced, the outsourcing partner will take care of carrying it out, thus maintaining an infrastructure as well as the required resources for the same. This in turn eliminates the cost of infrastructure and resources off the budget of the business.
  • Outsourcing a service is done on the basis of a contract valid for a limited period so, if one isn’t happy with the services of the outsourcing partner, they can easily switch to a better outsourcing partner without bringing about any losses to the business. 

Though outsourcing services doesn’t belong to the core domain of the service of a business, there are also a few shortcomings of adopting it.

  • When a particular business service is outsourced from another company, they work with their own terms, standards and mission and don’t adhere to the guidelines laid by the company whose service is being outsourced. 
  • Order to cut on the production expenses the outsourcing company might tend to compromise with the quality. This is why it is imperative that the outsourcing company is a reputed one. 

So it really a boon or a bane?

As discussed above, before handing over the reins, be sure you’re working with the right outsourcing partner. Verify that the company has the right industry, domain, technical, and management experience, and work out what best suits your business and the economical environment it will work as a boon for your business.

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Enterprise Mobility Solutions

Enterprise Mobility Solutions

Businesses today are leveraging cutting-edge mobile technology to streamline their business operations and stay connected. Enterprise mobility solutions are required to grow business substantially in this digital era. ‘Enterprise Mobility’ refers to automating your business processes through mobile devices and encouraging employees to complete the task anywhere and anytime.

The Enterprise mobility market is expected to see tremendous growth in 2020. The enterprise mobility solution connects employees, suppliers and customers through a single platform and enhances business opportunities. To reap maximum benefits, the enterprise mobility solution should be aligned with your business goals. UX is critical to the success of enterprise mobile application. When developing an application utmost importance is given to user experience. More and more organizations have started investing in feature-rich enterprise mobile apps to redefine their business.

How Enterprise Mobility can benefit your business?

Mobilizing your business can bring in the following advantages:

  • Increase employee productivity
  • Optimize business operations
  • Expand the business outreach
  • Accessible anywhere anytime.
  • Improved communication
  • Improved customer service
  • Real-time access to data
  • Increased ROI

Prior to implementing Enterprise Mobility Solutions, analysis is done to evaluate the need for mobility solutions.

  • Present mobile capabilities of the organization
  • Effect of mobility on the employees and clients
  • Feasibility study to check if the business functions can be mobilized
  • End-user analysis
  • Risks and threats associated with implementing a mobility solution
  • Business goals to be achieved

While Organizations are in need of enterprise mobility solutions, they face challenges in transforming their idea into reality. If your organization is willing to explore the mobile solution to run the day-to-day business, it would be ideal to bring experts to implement the transformation.

How to develop enterprise mobility solutions?

  • Identify the requirements of the organization
  • Outline an approach
  • Identify the technology platform
  • Decide between the native and cross-platform approach
  • Develop the application
  • Test on different devices
  • Deploy the solution and launch it on the app store

Our Expertise in Enterprise Mobility Solution

Techcedence has the expertise and skill set in consulting, design and development of enterprise mobility solutions. We adopt a strategic approach to deliver mobility services. Our team of mobile experts has built innovative mobile solutions across different verticals that include Travel, Healthcare, Real Estate, Retail, and Logistics. Our advanced mobile solutions are functionally rich, user-friendly and improve productivity.  

Get in touch with us to develop a mobile strategy for your business requirements.

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Everything you need to know about Cloud Computing

cloud computing

What is cloud computing?

Cloud computing refers to the delivery of services that include server, data storage, software, databases and network through the Internet. It is a method of delivering technology to end-users over the Internet. In simple terms, instead of buying and maintaining your own resources utilize the resources over the Internet and pay for the services availed. Some common examples of cloud computing include using online services to send emails, store data, watch movies, listen to music, etc.

This emerging technology is considered a boon for small and medium organizations that want to experiment with ideas within less budget. Organizations are reducing their investment in IT infrastructure, servers and storage devices and moving towards cloud services.

Cloud computing Advantages:

Shifting towards cloud computing offer numerous advantages that include:

  • Cost – As cloud services can be availed on a need basis (by the hour or by the minute), users can pay only for the resources consumed. Organizations need not invest in infrastructure and maintenance.
  • Scalability – Organizations can easily scale up and scale down the IT resources (less storage, more bandwidth) based on demand.
  • Productivity – Organizations can save time on hardware set up, software updates and maintenance activities and focus more on core business.
  • Security – The cloud providers have policies to protect your data from security threats. Data backup and disaster recovery are also easier.

Cloud Models

Cloud computing services are broadly categorized into three main models.

Software as a Service (SaaS)

In SaaS, the vendor provides access to a software product on a subscription basis. SaaS is the most widely used cloud services model. In this model, instead of installing the software on your system you access it through the Internet. The advantage of this is you need not install, update or maintain the software or worry about the underlying infrastructure. It is also easy to manage privileges and monitor usage.

Platform as a Service (PaaS)

In this cloud computing service, the vendor provides a platform on which the application can be built. Organizations can build their business application without maintaining the infrastructure. The services can be accessed through a web browser. Some of the PaaS services include operating systems, application hosting, languages, libraries, and tools. In short, anything that is required to build an application like operating system and development tools can be accessed through the Internet.

Infrastructure as a Service (IaaS)

Iaas is a model that provides hardware, server, virtual machines, networks and data storage over the Internet. The vendor hosts the infrastructure on the cloud and makes it available to customers on demand. IaaS offerings include load balancers, disk storage, IP address, VLANs.

Cloud Computing Service providers

Some of the leading cloud service providers include:

Hope this article gives you an understanding of cloud service offerings and helps you decide what services can be hired for your needs.

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Why Organizations Need Asset Tracking System?

Asset tracking system

For large organizations, tracking the physical location of the assets can be tedious and time-consuming.   Assets are considered valuable by every organization as they invest a lot in physical equipment, machinery, furniture, computers to run their business operation. It is important to manage the physical assets to reduce risk to the business. Medium and large businesses can’t manage the assets manually.

Technology plays a vital role in industries such as manufacturing, logistics, health care and warehousing. With advanced technologies, industries must adopt sophisticated practices to monitor and track their physical assets. Leveraging advanced technologies can help organizations to improve asset performance and avoid asset failure.

asset tracking system

Asset Tracking System

An asset tracking system tracks the physical location of the assets using barcode labels or RFID tags. The software can manage the entire asset life cycle from procurement to asset disposal. The Asset tracking solution can provide real-time visibility into the asset location and generate various reports. It helps to identify when assets need to be repaired or replaced or disposed of. It monitors depreciation and helps to ascertain the net worth of the assets to be presented on financial statements.

Innovations in Asset Tracking

Several new technologies including Barcode, QR Code, RFID, GPS and Mobile technology are used to automate asset tracking.

Barcode is the oldest and effective asset tracking technology. Barcode labels are printed and stick to the asset, scanning the labels captured the asset data on to the system. Barcode technology is less expensive and easy to use.

Asset management mobile application can be installed on Mobile devices to track the assets in and around the workplace. There is no need for a barcode scanner as mobile devices have barcode scanning capability.

RFID asset tracking system uses RFID tags and RFID readers to locate the assets. RFID tags are attached to the assets and RFID readers are installed on the entry and exit points. RFID equipment automatically captures the location of the assets in real-time.

Bluetooth Low Energy (BLE) is a new asset tracking technique that uses wireless technology. It can be used for short-range communication and captures data in real-time. BLE readers capture data from BLE tags attached to the assets and provide real-time asset tracking.

Artificial Intelligence is being deployed in asset tracking. AI will bring in a new definition to asset management. AI innovations transform the way organizations make use of insights. AI can empower organizations on how to use asset data effectively and streamline business operations.

Asset tracking software can be integrated with ERP and other legacy systems.

Benefits

  • Eliminates spreadsheets and asset register
  • Increases asset visibility
  • Improved productivity
  • Easy maintenance tracking
  • Calculates Depreciation
  • Error free reports
  • Faster audits
  • Reduce downtime
  • Reduces administrative cost

The asset tracking system brings transparency in who owns the assets, where it is located, whether the asset is in use. Simplify asset management with our asset tracking software, FASoft. Learn more about our standalone asset tracking system, FASoft and how it can help in tracking your organization’s assets.

Call us today to get a demo – https://techcedence.com/contact/