| 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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