Color-coded tags can help stores manage inventory by their price range or clearance sale. For example - items above $500 can be labeled with a green tag while those below $500 can be labeled with Blue Price Tag. Items can be identified with a bright color for maximum attention. Color-coding of merchandise can also be done according to the department or year of manufacture. Individual groups of color-coded items may be sorted by department, year of manufacture, or product type. Rather than having a jumble of different items, matching the color of the tags can save time and avoid confusion while searching and identifying items. Color-coded merchandise tags help you manage inventory efficiently and quickly because it requires just visual inspection.