Today’s fast-paced global economy makes supply chain efficiency crucial. Barcode numbering is an extremely important factor in ensuring seamless operations within industries. Barcode numbering assists companies in tracing products, inventory management, and logistics efficiency. The GS1 Barcode Numbering system is the global standard, guaranteeing precision and reliability in supply chain management.
In a nutshell- GS1 Barcode Numbering
GS1 Barcode Numbering is a universal standard for product, location, and logistics data identification throughout the globe. GS1 formulates and sustains global business communication standards. GS1’s developed barcode numbering system assigns a unique identifier to every product, enabling smooth tracking and information exchange between various businesses and industries.
How does GS1 Barcode Numbering work?
GS1 barcode numbering is a structured approach for coding and numbering goods. The Global Trade Item Number (GTIN) is a unique identification that is associated with each barcode number. The GTIN consists of the following components:
- GS1 company prefix– A company identifier that is given to a firm.
- Item reference number – A code that identifies a particular product of a company.
- Check digit– A number confirming the barcode as correct.
Each barcode created under GS1 standards guarantees that companies across the globe can scan and read product information correctly.
Benefits of using GS1 Barcode Numbering
The use of barcode numbering in supply chains has numerous advantages. Here are some key benefits of GS1 barcode numbering:
Global recognition and standardization
GS1 barcode numbering has international acceptance, and thus it is easier for businesses across the globe to expand their operations across different markets. Again, with a global standard, companies benefit in their efforts to avoid duplication and ensure consistent product identification.
Improved inventory management
Accurate barcode numbering gives a massive advantage to businesses with its feature of tracking inventory in real-time. As a result, stock shortages can be minimized; overstocking is reduced, and this ensures that products are available when needed.
Enhanced supply chain efficiency
With barcode numbering, streamlining of logistics and warehouse management is a no-fuss task. Hence, it is helping in quick and error-free scanning of products, improving overall supply chain efficiency.
Better customer experience
Retailers and consumers benefit from barcode numbering as it ensures accurate pricing and product information at checkout. This lowers pricing inaccuracies and improves the purchasing experience.
Reduced errors and fraud prevention
Barcode numbering eliminates manual data entry errors, which can lead to discrepancies in pricing and inventory records. By giving each product a unique identity, it also aids in the prevention of counterfeiting.
Regulatory compliance
Many industries require standardized product identification for regulatory purposes. GS1 barcode numbering ensures compliance with global trade regulations, reducing risks related to mislabeling and non-compliance.
How to Get a GS1 Barcode Number
Businesses looking to implement barcode numbering through GS1 can follow these steps:
- Register with GS1– Companies must apply for a GS1 Company Prefix, which will serve as the foundation of their barcode numbering.
- Assign GTINs to products– Once registered, businesses can generate unique GTINs for each product using the GS1 guidelines.
- Create barcodes– After generating GTINs, companies can convert them into barcodes that can be printed on product packaging.
- Scan and easy implementation– Businesses can now incorporate barcode numbering into their inventory management systems and begin scanning products for tracking and sales.
This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. AKGVG & Associates does not intend to advertise its services through this.