Technology advancement had changed the traditional pricing manner into barcode labels on products. This barcode has black lines and white spaces, which help to identify and classify the items. Barcode is imprinted by the barcode printed on the label, which is affixed on the product or item.
The information which is incorporated in the barcodes is read by the barcode scanners. Barcode technology is used for different applications like accurate calculations, quick billing with proper product code, and inventory management. GTIN a 12 digit numbering system is encoded into the black lines on the barcode label, which can read by the Barcode readers. Such number contains three parts: first set of numbers have company profile, second set of numbers is the item reference and last number is referred as check digit for measures of the security and accuracy conformation.
A well designed structure of the barcode labels provides many benefits to users in all businesses. Each product or an application are classified effectively and uniquely by the barcode labels. The rate of capturing data can be much faster along with entering the appropriate product code in records. It helps to do quick billing. Barcode labels helps to manage the inventory easier than the traditional method. Quick and easy collection of reliable data is facilitated by the barcode labels with the help of scanners. Symbol barcode scanners are the best example for such barcode scanners. Data is recorded in very faster manner. Mistakes are reduced and accuracy is increased by using this barcode labels. Accurate data collection causes to increase the cost savings and reduction in data collection error causes to reduce the revenue losses.
So in this way barcode labels are useful to many businesses for effective data management.