Generating serial numbers can be done manually or through automated systems.
The most common method is through automated software or tools that generate unique, random serial numbers. These tools allow businesses to easily create and assign serial numbers to their products, making it easier to track and manage their inventory.
To generate serial numbers manually, a business can use letters and numbers to create a unique sequence for each item.
Most commonly, serial numbers are a combination of:
- Product name
- Production date
- Warehouse code (applies to multilocation businesses)
- A sequential number to confirm the validity of the code
However, this method can be time-consuming and prone to errors, especially if handling large volumes of inventory.
On the other hand, automated systems and software can generate thousands of unique serial numbers in a matter of seconds.
These systems use algorithms to create random sequences of letters and numbers individual to each item. This makes it easier for businesses to track and manage their inventory, as they can quickly identify each item based on its unique serial number.
Additionally, automated systems can be integrated with other software tools, such as inventory management systems, to streamline processes and improve efficiency.
If you wish to read about how to create stock-keeping units (SKUs) with Excel and download a free generator, check out this article.