Inventory Management Best Practices: Should You Use QR Codes or Barcodes?

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In the United States, 85% of adults use a smartphone. This high percentage makes it more appealing for small, medium, and large businesses to utilize QR codes.

QR codes, along with barcodes, work great for tracking inventory. When running a business, make sure you apply inventory management best practices.

If you’re unsure which one to use or how to use each, you need to look closely at our guide. This is your go-to guide for some inventory management tips and an understanding of how to use barcodes or QR codes for inventory management.

Amount and Type of Data

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There are different factors to consider when deciding whether to use QR codes or barcodes for inventory management. One crucial factor is the amount of data that needs to be stored.

If you need to store a lot of data, then QR codes are a better option because they can hold more information than barcodes. About 100 times more information may be stored in a QR code than in a barcode.

Another factor to consider is the type of data that you need to store. If the data is complex or changes often, QR codes are a better option because they can be updated more easily than barcodes.

Able to Identify Items Uniquely

Another essential factor to consider is whether or not you need to be able to identify items uniquely. Barcodes may be the better option if you only need to keep track of how many of each item you have in stock.

However, if you need to be able to identify each item individually, QR codes are the way to go. They can store more information than barcodes, so you can include things like item descriptions and images.

Ease of Scanning

Barcodes are more commonly used in the retail setting. If you need to be able to scan quickly and don’t need to store a lot of information, barcodes generated from the Leadtools barcode toolkit might be the way to go.

If you need to store more information or scan from a distance, QR codes could be a better option.

The Cost of QR Code vs Barcode

QR codes are more expensive to generate and require more data storage than barcodes. However, QR codes are more versatile and are read by most smartphones. Barcodes are less expensive to generate but only work with specialized scanners.

When deciding which type of barcode to use, businesses should consider three things. Businesses must take into account the type of products they add in the inventory, the frequency of inventory, and the budget for barcode generation.

Make Inventory Tracking Easier By Employing Inventory Management Best Practices

There are basically two schools of thought when it comes to scanning methods for inventory management – QR codes and barcodes. Barcodes have been around longer, but QR codes are becoming more and more popular.

The best inventory management system for your business depends on various factors. If you need to track items in real-time, QR codes may be the better option. If you’re concerned about costs, barcodes may be the better choice.

The important thing is to select the right system that boosts inventory management best practices for your business.

Be sure to check out our blog for valuable insights like this.