The GS1 System - helping automate business processes and supply chains
The global GS1 System specialises in cross-sector supply chain standards from bar coding to electronic business communications. The System operates by enabling companies to identify products, assets and locations using a unique number, which is shown as a bar code or contained within a radio frequency tag and communicated electronically.
So, whether you’re trading on a local, national or international basis, the combined elements of this global system, provide tremendous opportunities for your business, including:
- Improved return on investment by reducing inventory holdings and associated financial costs
- Increased sales by reducing or eliminating out of stock situations
- Better customer service by speeding up delivery times, continuous replenishment and ensuring predictable stock availability
- Greater productivity due to improved tracking of stocks and materials, which reduces administration time and costs
- Increased profitability as cost analysis can be refined through more accurate activity based costing
These globally recognised standards and solutions are used by over one million organisations operating in 133 countries.
