Accurate inventory tracking is necessary to avoid stockouts and overstocking and improve production planning in manufacturing businesses. It helps you improve your supply chain activities and reorder raw materials on time to avoid disruptions, save operational costs, and increase efficiency. TranZact’s **barcode inventory software **helps you improve accuracy in tracking all inventory items, whether raw materials or finished goods.
In this blog post, we will learn how TranZact’s barcode inventory software can improve inventory tracking and workflow in your manufacturing business.
What Is Barcode Inventory Software?
Barcode inventory software is a digital tool that helps you track and manage inventory items in real-time at your manufacturing business. It can generate unique barcode labels for each item to track all details like specifications and expiry dates so that you can manage them according to your requirements. Using a barcode inventory system, you can improve your inventory management by tracking the movement of raw materials. This increases visibility over real-time stock levels, automatically updating inventory data, etc. It helps you make quick and informed decisions related to your purchase and production processes. Read Best Barcode Inventory Software in 2024.
Benefits Of Using Barcode Inventory Software
Barcode inventory software simplifies the movement of raw materials and speeds up your production processes. It helps you categorize materials by using different techniques like ABC analysis, FIFO, LIFO, and more to improve productivity. Here are the major benefits of using barcode inventory software in your manufacturing business.
1. Improved Inventory Accuracy
Barcode inventory software helps you reduce manual errors that usually occur when employees physically count the quantities of raw materials and track their movements. It allows you to scan the barcodes on the products to get all the details, such as their source or supply and their quantities in the stock. You can use it in your manufacturing business to improve inventory accuracy and move products faster in processes.
2. Enhanced Inventory Control
It automates your inventory tracking process and helps you maintain accurate stock levels. It helps you reorder raw materials at the right time to avoid stockouts with improved inventory control. You can also use it in your business to prevent overstocking and reduce inventory holding costs.
3. Real-Time Inventory Monitoring
It allows real-time inventory monitoring to help you purchase or move the required raw materials from warehouses according to your production plans. It also helps you distribute raw materials to the right workers and machines in the production lines. You can use it in your business to modify strategies in real time with updated information. Read How Barcode Inventory Software Can Reduce Inventory Shrinkage
Key Features Of TranZact’s Barcode Inventory Software
TranZact offers unique inventory software solutions to Indian SMEs. It comes with easy-to-use features to improve the whole manufacturing cycle, from enquiry to dispatch. TranZact’s barcode inventory software is made for SME manufacturing businesses in India. It comes with an easy-to-use dashboard to track and manage all kinds of inventory items. It allows you to generate barcode labels and scan them through smartphones to simplify your inventory tracking processes. Here are some unique features of TranZact’s barcode inventory software that can help you improve production productivity.
1. Automated Inventory Tracking
TranZact allows automated inventory tracking for all types of raw materials, semi-finished goods, and finished goods. It improves visibility over all the details of materials, such as purchase dates, supplier details, expiry dates, and other specifications. It helps you reduce human errors and save time and costs in processes.
2. Real-Time Inventory Tracking
TranZact allows real-time inventory tracking to improve your production planning and demand management. It automatically updates your stock levels when you receive goods from your suppliers according to your purchase orders. It helps you track the quantities of materials assigned and blocked for production in real-time. Using TranZact, you can modify plans to increase or decrease production targets to improve order management.
3. Barcode Scanning Capabilities
TranZact allows easy integration with barcode scanning features to improve accuracy and speed up your material handling processes. It provides you with product details like lot numbers, storage locations, stock quantities, movement history, etc., just by scanning the barcodes. It helps you categorize materials according to their use in production and manage their movements to increase efficiency.
4. Inventory Management And Optimization
TranZact allows inventory optimization that meets the specific requirements of your manufacturing business. You can create unique item IDs for each inventory item and set their minimum and maximum stock limits. You can set reorder points for each product so that you can purchase them on time to avoid production delays. TranZact sends you alerts via email and WhatsApp to maintain minimum stock levels of each item and reduce inventory costs.
5. Integration With Warehouse Management
TranZact allows integration with warehouse management systems to improve your supply chain activities. It improves your inventory analysis by tracking raw materials available in multiple warehouses and helps you set the right production targets. It helps easily locate and supply raw materials to the right place when required for production. It helps you improve demand management and your business productivity.
Impact On Inventory Management
- TranZact’s barcode inventory software automatically updates the stock levels when new orders are received in warehouses and raw materials are used in production.
- It helps you access accurate inventory records to improve your **stock management **according to customer orders and market trends and avoid stockout and overstocking situations.
- TranZact’s inventory management software allows you to use barcode technology so that you can easily track each product, maintain its quality, and use it in production to maximize output.
- It helps you set your supply chain activities in the best order to improve the whole manufacturing process and increase efficiency.
Ease Your Inventory Tracking With TranZact
TranZact’s barcode inventory software automates and speeds up processes while reducing manual efforts, data errors, and waste. It allows you to track raw materials in multiple warehouses and maintain accurate stock levels to reduce inventory costs. You can set minimum and maximum stock levels to avoid under or over-production. You can also set reorder points for raw materials so that you can purchase them on time. This helps you achieve production targets on time and without disruptions. Get access to TranZact today with effective barcode inventory tracking solutions to increase visibility and boost productivity.
FAQs
1. What is barcode inventory software, and how does it work?
Barcode inventory software is a digital tool that tracks all the details of inventory and manages them according to demand. It generates unique barcode labels for each item and scans them through smartphones or other devices to access all details.
2. How can TranZact’s barcode inventory software improve inventory accuracy?
TranZact’s barcode inventory software allows you to track real-time stock levels of all raw materials, reduces human errors, and speeds up the process to improve inventory accuracy.
3. What are the benefits of real-time inventory tracking in TranZact’s software?
The benefits of real-time inventory tracking in TranZact’s software are as follows:
- Up-to-date Information
- Accurate Material Distribution
- Timely Procurement
- Balanced Stock Levels
- Take Data-driven Decisions
4. How does automated inventory tracking work in TranZact’s barcode inventory software?
TranZact’s barcode inventory software supports automated inventory tracking by scanning barcodes and updating real-time stock levels.
5. What role does barcode scanning play in inventory management with TranZact’s software?
Barcode scanning with TranZact’s software plays an important role in inventory management because it provides all the details of products, such as their source of supply, storage locations, and expiry dates, at a place.
