Barcode Tracking Everything You Need to Know

Why Barcode Asset Tracking is an Effective Solution


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Most asset tracking software applications feature effective and modern tracking technologies, including barcode asset tracking. But, before deciding that this technology is right for your business, it’s best to understand everything about it.

What is Barcode Asset Tracking?

Barcode tracking is a relatively easy and time efficient way to collect all possible data from your business equipment. Simply enter the asset’s information, such as date received, maintenance schedule, etc, and the software will build a unique barcode for that asset. Once printed and attached, you can then gather that asset’s data by scanning the barcode.

A single barcode has the ability to hold and store extensive data regarding each asset. Meaning, in one scan, you can retrieve all available information about that asset.

There are many benefits to choosing a barcoding system over other technologies, such as RFID asset tracking. For example, barcodes are cheaper to produce and can significantly increase the speed of data collection.

But, the most beneficial factor of using a barcoding system is the high reduction in errors. According to makebarcode.com, the typical error rate for human data entry is 1 per 300 characters. Whereas, the error rate of a barcode scanner can be as accurate as 1 error in 36 trillion characters.

Read more: Tracking Business Assets: 3 Effective Technologies to Use

Barcode Asset Tracking 101

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5 Benefits of Using Barcodes to Track Assets

  1. Barcodes can store an extensive amount of data, which can amount to up to 4000 characters of text.
  2. They can significantly reduce human data-entry errors.
  3. Increases speed of asset knowledge as opposed to manual data collection.
  4. Barcodes are cheap to produce, even in large quantities.
  5. Employees can scan barcode assets on smartphones with cloud-based apps and built-in QR scanners.

Where do you go from here?

The next thing to do is to search, compare and shortlist the right asset tracking software for your business needs with our free questionnaire

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