iOS Barcode Scanner: Your Weapon Against Excess Inventory
Having solid control over your inventory is needed for running a successful and profitable business. However, it is absolutely crucial during today’s times. Right now, many businesses are struggling to fill their stores but might soon end up with too much inventory.
This is because when their orders for stock are finally filled, consumer demand might very well wane and the companies will end up with too much on their hands. By knowing exactly what you have and what you need for your inventory, you can better serve your customers and save your bottom line.
Using an iOS barcode scanner is one way to effectively prevent ending up with excess inventory. Manual processes and excel sheets just are not going to be enough. You are going to need technology to help you manage your stock.
If you’d like to learn more then keep on reading and we will take you through everything that you need to know about iPhone barcode scanners!
The Problems with Having Too Much Inventory
Before we get into how a barcode scanner for iPhones can help you, let’s first go over why you want to avoid having excess inventory.
First off, having too much inventory can reduce your available cash flow. When all of your money is tied up in your inventory, you will find it harder to make new investments until you sell your current products.
This might force you to take out a loan then pay interest. This is all going to strain your company financially even further.
When a new opportunity arises, you might not be able to take full advantage of it because of a lack of funds.
You can also end up with storage problems. All of that excess inventory needs to be stored somewhere. That means that you might not be able to order new products because they have nowhere to go.
The Benefits of Using iOS Barcode Scanners
Now we have a better understanding of why you want to avoid excess inventory whenever possible. Let’s go over the benefits of using an iOS barcode scanner and see what they can do about too much inventory.
Humans Make Mistakes – Barcodes Don’t
A barcode is going to provide you with an automated, precise, and quick way to collect your inventory data. All you need is your iPhone and you are able to inform your receiving, shipping, packing, and picking teams.
If you have been manually managing this process, then you will appreciate the benefits of automated inventory management immediately. Duplicate data notes and extra keystrokes will become a thing of the past. This is going to get rid of any inaccuracies and reduce your labor costs.
When a person manually enters inventory information, they can easily mistype a number or put a data point in a spot where it is not supposed to be. This can mess up orders and lead to unsatisfied customers.
Reduce Inventory Adjustments and Write-Offs
When you use manual processes to account for inventory, it is common to mess up a customer’s order. When this happens, you’ll then need to pay to replace the order, thus depleting your inventory further.
Not only is this going to cost you financially but you now need to deal with an unhappy customer who might leave your business for good and have their friends do the same.
Utilizing an iOS barcode scanner can help you avoid all of these headaches, save costs, and please your customers. This can all lead to you doing more business and increasing your profits.
Faster and More Accurate Physical Counts
An iOS barcode scanner can lead to more accurate and quicker shipping and order processing. They can also make it easier to do physical inventory counts that take place at the end of the year.
This is because it is a lot easier to use an inventory cycle counting process with barcodes. You can count a small part of your inventory more regularly (quarterly, monthly, weekly) throughout the whole year.
A cycle count is the best way to keep your inventory up to date and accurate, get rid of huge year-end write-offs, and reduce your carrying costs.
This used to be an annual practice that was used with pen and paper. Now, it is something that is easily done with new and modern technology.
Reduced Employee Training
Many people have never used an actual barcode scanner before. And even fewer people know how to use inventory systems and pricing schemes.
But everyone knows how to use an iPhone. Now, it only takes a few minutes to show your employee how to track inventory.
An iPhone barcode scanner isn’t just a barcode scanner. It’s also a phone. This lets you have two powerful machines in one device.
You can also use barcodes to collect a variety of data other than just inventory.
On how to best use an iPhone barcode scanner, you can find more information here.
The Importance of Knowing the Benefits of iOS Barcode Scanners
Hopefully, after reading the above article, you now understand the benefits of using iOS barcode scanners. As we can see, these barcode scanners can make you more efficient, help you satisfy your customers, and save you a lot of money and physical space.
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