analytics

Barcode scanning is an incredibly important technology utilised across various industries, such as retail, manufacturing, and healthcare. It empowers businesses to efficiently track inventory, manage assets, and enhance operational efficiency. 

However, in order to truly maximise the benefits of barcode scanning, businesses must leverage analytical platforms that provide a comprehensive and detailed line of sight into their barcode scanning operations. By doing so, they can gain valuable insights and make data-driven decisions to further optimise their processes and drive success.

Analytical platforms provide businesses with a wealth of data about their barcode scanning operations. This data can be used to:

• Benchmark performance across units, devices, and staff
• Identify areas for improvement
• Make better decisions about how to deploy barcode scanning technology
• Improve asset management
• Enhance performance management
• Increase productivity

One of the most important and valuable benefits of utilising analytical platforms is the ability to benchmark performance across various units, devices, and staff members. By leveraging the power of data, these platforms enable organisations to identify areas where performance may be lagging and focus their improvement efforts accordingly. For instance, an analytical platform might reveal that one unit consistently outperforms another unit by scanning a higher number of barcodes per hour. Armed with this knowledge, organisations can delve deeper to uncover the best practices responsible for the superior performance and subsequently share these insights with the other unit, fostering continuous improvement and optimization.

Analytical platforms play a crucial role in streamlining and optimising barcode scanning operations. Through comprehensive data analysis, these platforms can identify areas for improvement and highlight any potential issues. For instance, a specific analytical platform might reveal that a particular scanning device has a high failure rate, prompting further investigation to determine the root cause of the problem. Armed with this data, appropriate corrective actions can be taken to enhance efficiency and minimise errors in barcode scanning operations.

Analytical platforms offer valuable insights that can aid in making informed decisions regarding the deployment of barcode scanning technology. For instance, by leveraging an analytical platform, businesses can identify underutilised applications and explore ways to enhance their effectiveness. Armed with this information, organisations can strategically reposition the technology for more productive utilisation, maximising its potential and driving greater efficiency.

Analytical platforms can play a vital role in enhancing asset management by leveraging additional tracking capabilities. For instance, an analytical platform could meticulously monitor the precise user of barcode scanners and swiftly identify any that may be missing or misplaced. Armed with this comprehensive information, organisations can proactively mitigate the risks of theft or loss, thereby safeguarding valuable assets more effectively.

A study by IDC found that businesses that use analytical platforms to improve their asset management are 15% less likely to experience asset loss or theft.

Analytical platforms play a crucial role in enhancing performance management strategies. With their capabilities, they can go beyond just tracking the overall performance to also analyse the performance of individual employees. By identifying those who might not be meeting expectations, organisations can provide tailored coaching and development opportunities to help them improve their performance and reach their full potential. This detailed insight enables companies to create a supportive environment that fosters growth and continuous improvement for their employees.

A study by Gartner found that businesses that use analytical platforms to enhance their performance management are 10% more likely to meet their performance goals.

Finally, analytical platforms offer a wide range of capabilities that can greatly enhance productivity. For instance, an advanced analytical platform can meticulously track and record the exact time it takes to scan a barcode, enabling businesses to pinpoint specific areas where the process can be streamlined and optimised. By leveraging this valuable information, organisations can strategically implement changes aimed at saving precious time and further improving overall operational efficiency.

A study by Aberdeen Group found that businesses that use analytical platforms to manage their barcode scanning operations are 20% more productive than businesses that do not.

Analytical platforms are a valuable tool for businesses that use barcode scanning technology. By providing businesses with a wealth of data about their barcode scanning operations, analytical platforms can help businesses to improve performance, manage assets, enhance performance management, and increase productivity.

There are clear benefits of using analytical platforms for barcode scanning. Businesses that want to improve their barcode scanning operations should consider investing in an analytical platform, like Conker Analytics. Get your first year free, and start building your benchmark today.