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The GS1 System enables automatic capture of vital business data across the supply chain from raw material to warehousing to distribution to final retailing. The applications & benefits of using the GS1 System are:

Applications:

•    Stock/replenishment management

•    Traceability

•    Product recalls

•    Expiration Management

•    Cargo inspection & movement

•    Product life-cycle tracking

•    Product authentication

•    Asset tracking

•    Patient safety

•    Counterfeit detection

•    Pilferage/ shrinkage control

•    Warranty / repairs management

•    Demand forecasting

•    Electronic business messaging

 Benefits:

•    Unambiguous & universal identification of      

     products, consignments, entities etc

•    Increased productivity through more efficient

     processes and faster response

•    Lower cost through increased productivity,

     elimination of errors and savings in administrative    

     and personnel costs

•    Improved speed to market/product availability

•    Increased sales through increased productivity

•    End to end supply chain product availability

•    Improved product information : more transparent, 

     more accurate

•    Compliance with global regulatory requirements on 

     traceability, safety and security

GS1 system is used across 20 industry sectors ranging from Retail, Healthcare, Transport & Logistics to Defence.

 

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