Business Guide • By SearchUPCData Editorial Team • Updated December 11, 2024
Inventory Management Best Practices
How barcodes and product data power efficient inventory systems—a practical guide for businesses of all sizes.
Barcode-Based Inventory Systems
Barcodes are the foundation of modern inventory management. Scanning eliminates manual data entry errors and saves time.
Setting Reorder Points
Reorder Point = (Daily Sales × Lead Time) + Safety Stock. Set it too high and you tie up cash; too low and you risk stockouts.
Cycle Counting vs Physical Counts
Cycle counting (counting portions regularly) catches errors quickly without shutting down operations, unlike annual physical counts.