Which of the following is true about bar codes?

Bar codes play a crucial role in inventory management and tracking. They are designed to encode information, which can be scanned by devices to quickly and accurately gather data about products. This capability allows businesses to easily monitor stock levels, streamline the inventory process, reduce human error in data entry, and enhance overall efficiency.

When bar codes are utilized, each product is assigned a unique code that can be scanned at various points in the supply chain, facilitating real-time updates on inventory levels in warehouses or retail environments. This results in more accurate record-keeping, better forecasting, and ultimately improved customer service due to the availability of products.

While bar codes are widely recognized in retail, their application extends far beyond that industry. They are essential in healthcare, logistics, manufacturing, and many other sectors where tracking products or assets is vital. Thus, the utility of bar codes in tracking inventory is not limited to retail alone but is a fundamental aspect of modern business operations across various industries.