Overview- Barcode and RFID in Supply Chain Management
Supply chain management is a process that defines the systematic flow of goods and materials to companies, retailers, and manufacturers. Asset monitoring, outbound storage, inbound storage, items returned are some of the instances involved in the supply chain process. Businesses can manage their supply chain process by integrating it with barcode and radio frequency identification (RFID) applications. Combining barcode and RFID with a relational database enhances the speed and accuracy of business processes. It can also boost a company’s turnover by optimizing inventory and refining the manufacturing processes. With significant growth in supply chain productivity, stakeholders can focus on other vital activities.
Let’s explore the key benefits of using barcode and RFID in the supply chain.
Advantages of a barcode and RFID enabled Supply Chain
1) Barcode labels and RFID reduce human errors significantly by automating data collection
2) RFIDs enhance operational efficiency by reading multiple tags simultaneously
3) All RFID tags can be identified instantly and matched with details stored in the database.
4) The use of barcodes and RFIDs is efficient for locating assets in the assigned locations.
5) RFIDs can be integrated with active scanning and fixed readers to track inventories automatically.
6) RFIDs supports tag reading, whereas barcodes identify products with the aid of scanning.
How Barcodes and RFIDs Add Value to Manufacturing and Distribution Businesses`
Accurate information tracking– Businesses can track product location using information stored in RFID tags.
Enhance product identification accuracy– Each product has its own barcode or RFID tag which simplifies identification with better accuracy.
Increase productivity– Barcode labels and RFID tags are easy to scan at the time of packaging and shipping to enhance productivity.
Enhanced customer satisfaction– Information captured through barcodes and RFID is beneficial for tracking products and updating customers about their shipment status.
How Barcode and RFID can Improve Supply Chain Productivity
1) Barcode and RFID scan reduces manual tasks by automatically storing product information. It also saves labor costs and increases productivity by eliminating paperwork.
2) Barcode and RFID scanning automates the data entry process and reduces the scope of human errors. Digitally stored data thus enables businesses to effectively manage their orders, inventory, and shipments.
3) Barcodes and RFIDs enhance inventory visibility by providing insights into the materials coming in and out. Attaching RFID tag or barcode label enables manufacturing companies to track mobile and fixed assets in real-time.
4) Barcode and RFID can be integrated with database software to locate assets in real-time. It also tracks inventory from acquisition to disposal and reduces audit time.
Concluding Thoughts
Barcode and RFID equipped supply chains to enable businesses to gain real-time insights into product movements. It reduces labor, saves time and enhances data accuracy by automating various supply chain processes. Barcode and RFID integration increases supply chain productivity by eliminating manual tasks and errors. It also enhances customer experience by providing them with shipment status and enabling them to track their orders in real-time.
With our supply chain management solutions, clients can maintain inventory, assets, bills, stocks, and invoices accurately. We provide customized supply chain software development services to streamline your business and enhance productivity. Our experts develop custom solutions with open source platforms like Odoo, Ofbiz, and Opentaps. We provide various solutions like electronic data interchange (EDI), inventory management systems, and order management systems (OMS).
To Read More: Benefits of Using Machine Learning in Supply Chain
