What is barcode based inventory management system?

Definition

A barcode based inventory management system is a matrix of hardware and software components that automates product inventory and asset tracking. Its components include barcodes, barcode scanners, electronic scales, mobile devices or computers, and supporting inventory software. The best barcode-based inventory systems are cloud-based, allowing access to inventory data anytime, anywhere. Barcodes bring accuracy to inventory and are excellent time- and labor-saving tools.