Barcode labels can be very useful for inventory management in Magento 2, as they enable quick and accurate tracking of products. There are many extensions available on the Magento Marketplace, such as the "Magento 2 Barcode Extension" by Webkul. Assign barcode label templates to products that need to be tracked using barcodes. This can be done through the Product Edit page in the Magento 2 admin panel.