Many companies invest in barcoding solutions for the sole purpose of inventory management. Inventory takes up a large portion of a company’s product costs (about 90%), and poor inventory management can have a direct hit on a company’s bottom-line. Overstocks and understocks can be detrimental to a business, leading to unsatisfactory customer experiences and – eventually – lost customers. With a sufficient enterprise resource planning (ERP) system that supports barcoding technology, you can transform not only your warehouse but your entire business with benefits such as:
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