Posted By admin | 07-12-2014
By using the Global GS1 System, retailers can improve merchandising and customer service with improved visibility and control of inventory at a local and global level.
GS1 BarCodes are the first component of the system adopted, primarily so retailers can scan trade items through the Point-of-Sale (POS). Some of the initial benefits retailers gained were the elimination of item price marking, the automatic real time identification of items sold thus real time sales figures and auto-triggers for replenishment to minimise risk of stock outs. This paper will present further benefits of GS1 BarCodes to Retailers; benefits that forge way beyond the POS application and present how retailers are using GS1 BarCodes in conjunction with other GS1 components, to achieve far reaching benefits.
What started out with a pack of chewing gum eventually evolved into a globally dependable language for more than 6 billion daily transactions. GS1’s standards and barcodes fill almost every store shelf you’ve laid eyes upon, making it possible for all stakeholders across the retail supply chain to enjoy smooth cooperation and leadership under one common business language
GS1’s standards are ever present, adapting to fit the needs of the world’s many retail sectors, whether online or in store. We provide the foundational data upon which renowned brands enhance their credibility, increase their profit margins and eliminate friction across their respective supply chains.