Automated Barcode Reading Powers Supply Chains
by Maureen Perroni, on November 21, 2016
Firms need to take advantage of the latest technology to ensure that their warehouses are up to date. As businesses seek to maximize efficiency, supply chain management is front and center. Firms need to take advantage of the latest technology to ensure that their warehouses are up to date and can keep goods flowing as needed.
One way that firms are doing this is by turning toward automatic data capture solutions. These include both stationary and handheld barcode reader solutions that can collect track and trace data automatically.
"Increasing demand for automatic data capture solutions is part of a general trend."
Last year, the market for these solutions reached $6.242 billion, according to reported gains over the past year.
Increasing demand for automatic data capture solutions is part of a general trend toward artificial intelligence and machine learning in supply chain planning. According to an article on Supply Chain Digest, machine learning algorithms can be used to analyze the flow of goods through supply chains and automatically make adjustments based on shifts in customer demands.
Thanks to online shopping and omnichannel marketing, products need to move faster than ever before. Bringing more automation to supply chains improves reliability and lowers costs. This will, in turn, increase the need for barcode labels that contain all the data needed to properly track goods that contain all the data needed to properly track goods.
Enterprise Labeling Solutions make it possible for companies to streamline their labeling practices, improving supply chain efficiency and eliminating the bottlenecks that might otherwise hold them back from meeting rising customer demand. With this system, it is easier and more cost-effective for businesses to produce the barcode labels they need based on a single source of truth.