A barcode is an encoding tag or label that is placed on all products that allow computers, scanners and mobile devices to track and find these products much faster. Using barcodes is important in your inventory tracking process and offers countless benefits for your company and your customers. The main benefit is that barcodes eliminate the possibility of human error: the amount of errors with manually entered data is high, but scanning a barcode is fast, reliable, and by all means less time-consuming.