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Archive for the ‘Data Management’ Category

Data Management

Thursday, September 17th, 2009

Information technology has generated advanced tools for analyzing and managing data. Use of these tools can improve the performance of almost any operation. Steps made in capturing mass data electronically have developed the need for effective management strategies. Getting more and more data and transforming it into usable information is a major concern of today’s services and industries.

New technologies require new expertise, internal procedures and decision-making methods. Earlier companies were creating electronic databases, which were non-relational and difficult to use. Now with the use of highly sophisticated software and high-speed computers, businesses are reaping huge benefits from the computer/information revolution. Businesses are continuously making steps in managing data by using various tools to optimize information for sorting, searching and presentation in meaningful formats.

Many software programs and database applications are available on the market that enable companies to manipulate data in real time, capture knowledge for future use, ease the progress of operations to save time and costs and also to coordinate operations with partners.

The amount of data storage necessary and the duration it is kept online is growing swiftly, yet resources to manage data are limited. Data storage is a test to those companies wishing to maximize the value of their available data and also a huge task for storage professionals to manage and protect this data. Enterprises are struggling to bring together highly reliable platforms that can recognize where data is located in a company and whether it is utilized efficiently. Data management solutions must track, monitor and be vigilant of the conditions of your company data. It should also manage and distribute data efficiently. It should unify and simplify the administration of storage infrastructure.

Data is growing exponentially. Companies need maximum scalability, performance and production for data rigorous applications. They also need an easy to use, backup tool that provides transparency to where and how data and storage is utilized. Before choosing such and important process as data management , be sure to research your options and go with a solution that is flexible and scalable.

PDMLynx from NuVentures is a product data management tool designed for small to medium-sized engineering and manufacturing businesses. Now, PDMLynx has evolved into a proven, powerful product data management tool. NuVentures strongly believe PDMLynx is the ideal solution for product data management in smaller organizations. Once you try it NuVentures is sure you will agree.

Effective Data Management With Bar Code Labels

Monday, June 1st, 2009

Effective data management plays an essential role for any growing business. Information technology has generated advanced tools for analyzing and managing data. Use of these tools can improve the performance of almost any operation. With these advancements in technology, bar code labels have replaced the traditional manner of pricing products manually. These are a continual series of black stripes and white spaces of varying widths printed on products which help identify and classify items uniquely.

Numerous symbols are incorporated into the coding which can only be read and interpreted appropriately by a scanner and computer software. These systems are used in a myriad of applications for accurate calculations, quick billing with proper product code, and maintaining records of inventory.

A single regulatory board that is responsible for governing bar code usage is the Uniform Code Council (UCC). For a company to use barcode labels commercially, it is necessary for them to contact UCC.

A 12 digit numbering system known as the GTIN (Global Trade Item Number) is encoded into the black stripes that can only be read when scanned through certain types of equipment.

This number is generally comprised of three separate parts:

1. The first being the prefix of company profile.
2. The second set of numbers is the item reference.
3. The last number is referred to as check digit for security and accuracy confirmation measures.

These encoded labels can be printed on a variety of materials, but before printing, it’s important to consider the environmental conditions.

They can range from basic pre-printed paper stickers to special designed, sophisticated ones, but regardless of the material, the benefits of increased accuracy and efficiency provided by barcode label system are unparalleled.

A barcode system provides users with an efficient cost-effective way to enhance the overall speed and timeliness. The recent data gathered by the Data Identification Online website states that the error rate when using a bar code label system is about one in three million.

Benefits of Barcode Labels

A well designed structure provides the users with many benefits for all businesses:

– It classifies each product or an application effectively and uniquely.
– The data capturing rate is much faster with appropriate product code entered in records.
– Mistakes are minimized facilitating quick billing and managing inventory has become much easier than in the past.
– Facilitates quick and easy collection of reliable data with the help of a scanner that records data five to seven times faster than traditional methods.
– Minimizes error rate and increases accuracy: The data entered by the barcode scanner has an average error rate of one error in 300 characters entered.
– The most important benefit provided is that it boosts cost savings with accurate data collection.
– Revenue losses are reduced resulting from data collection errors.
– One of the best means to save on capital costs and keep a track of inventory, these systems help maintain a track record of finances.
– Improved Management: These help in easy collection of customer data and tracks sales efficiently through its automated data collection and management system, thereby allowing managers to make informed decisions that contribute to the growth and development of the company.
– Quicker access to comprehensive information helps management make better decisions, grab opportunities and lead the competition.

These advantages show that label system is the most preferred choice by companies and businesses. With pre-printed bar code labels, small businesses can  maintain large inventory records has become possible when every item is indexed and registered in the database with scanning procedures available. Bar code labels have systematized and standardized the entire process of data collection and management with utmost ease.