Advantages of using a Universal Product Code include eliminating human error, reduced employee training time, costs saving and versatility. The codes are used for a variety of trade items and are made up of 12 numerical digits.Continue Reading
There is a significantly lower possibility of human error and the process is faster with the use of bar codes, compared to entering data manually. Employees do not need to learn about the entire pricing procedure or inventory when using bar code scanners. Learning to use the scanners is fast and simple. This also reduces overhead costs from extended training time and paying trainers.
Universal Product Codes are relatively inexpensive to print and design. They are easily customizable and available in a variety of materials and finishes regardless of where they are used. They are also versatile and can be used for data collection and tracking in addition to pricing. Universal Product Codes are used in a variety of retail products including food items, cosmetics and electronics.
Data collected using bar codes can be accessed almost instantaneously. The data is usually stored in a central computer, and the quick retrieval time translates to a faster turnaround. The codes also help managers to make quicker, more accurate and more informed decisions.Learn more about Accounting