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Managing inventory is the primary task for remaining competitive in today’s business environment. Good inventory control allows organizations to cut costs, and secure their margins while keeping customers happy. It also holds a lot of importance internally because company assets like equipment and furniture need to be tracked as well. What is Serialization? Serialization is when you label and record inventory using the unique identification number present in the product. Most products already contain a unique serial number, phones/tablets have IMEI, published books have an ISBN, and IoT sensors also have unique codes so that they can be tracked and maintained efficiently. Because these numbers are unique, they can be used to store valuable product information. This data can then be retrieved by either scanning the available barcodes or QR codes through scanning devices. In addition to that, the information about available inventory can be used to make data-driven decision...

On average, a car may contain between 60-100 sensors. As the automotive industry pushes for smarter vehicles, the number of electronic sensors has also increased, to name a few, some common sensors are for speed, voltage, coolant, camshaft position, and many more. However, this poses a challenge for the distributors of auto-parts distributors for efficient tracking of inventory on-hand. Hence, serialization of inventory can prove extremely beneficial for optimizing operations and keep customers satisfied. Serialization The process of labelling and storing inventory using a unique serial number is called serialization. Most of these digital and analog sensors already contain unique identification numbers. These numbers can be used to keep track of inventory for each specific item without duplication, they are referred to as Unique Product Codes or UPC for short. Automotive Sensors Inventory Management For any business, inventory management is key and the same is true fo...

Business that retail or distribute phones have to pay a lot of attention to their inventory. Devices like smartphones and tablets are expensive but because they come in relatively small packaging, they are at a relatively high risk of inventory losses.  Serialization makes inventory management effective for not just the phone industry but also for many other products. For phones, serialization of inventory depends entirely on the unique IMEI number of each phone. IMEI Numbers are Important The International Mobile Equipment Identification number is a 15-digit code containing information regarding the phone’s model, origin, and serial number of the device assigned by not just the manufacturer but also GSM (Global System for Mobile communication). The first 14 digits are decided by GSM and the latter by the phone manufacturer. It can usually be found on the phone’s packaging, under the battery slot, or can also be accessed by dialing *#06#. The IMEI number is linked with th...

Small businesses make up the majority of the transactions. Since the internet has enabled trade easily through online platforms and marketplaces, opportunities have spurred rapidly and small businesses that place their products online need to enhance their inventory management. It Leaves A Bad Impression On The Customers Imagine having a really successful product listing on any e-commerce platform. However, if you suffer from a stock-out, customers will immediately look for an alternative. If you had managed your inventory wisely and created a reorder point strategy with the correct safety stock analysis. You would not have to face this issue of disappointing your customers. Make Your Life Less Hectic Running the daily operations of a business is already hectic as it is, then why grow the burden even more with a poorly managed inventory? Essentially, you would want to hold as little inventory as you can while maintaining sales. Inventory audits would be a disaster if ...