By Judith Dickson

As any business manager knows, inventory accounts for a main part of company outlay whether we are talking on the subject of raw materials, components or finished goods. A main aspect in achieving a worthwhile return on this outlay is to deal with it as resourcefully as possible and a principal available means for this is a bar code inventory system.

Having such a system in place, you will achieve the following advantages:

Reliable information on precisely what your inventory levels are and it's location. Real time online data regarding stock levels and reorder levels and economic order quantities. Exceptionally effective information input and output. Total incorporation with your supplementary accounting and other systems.

The best place to start:

In general, you will discover that you will be able to put into service some form of "just in time" stock control which is nowadays widely recognized as the most valuable.

Fundamental hardware and software are fairly low-cost and easy to find. Once you've purchased hardware and the software and educated your personnel to use it, your bar code inventory system is equipped to go. All you have to do is employ the master list as a starting point and administer all the records in your new system.

You will most likely discover that the vast amount of the inventory already have bar code labels from the suppliers that you can use. Keep in mind that the bar code inventory system labels that you make should have locations, since equally the system and your workers need to understand accurately where each item is located. The most economical solution for bar code labels is to use bar code font which has very good resolution and offers excellent value.

Before you choose a bar code inventory system it is worth enquiring with other business managers that you may be familiar with or feel relaxed approaching to find out about the system they are using. Most business people would have no problems in providing you with their knowledge if you approach them properly. You can then discover what kind of troubles they came across and any disadvantages and benefits of the bar code system they are using. Consumer feed back is always a fine indicator of a systems true performance. You could also check with industry forums to ask your questions there.

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