What are the benefits of a GS1 BarCode?

The GS1 BarCode offers benefits to all parties in the trading cycle by reducing costs, saving time, and increasing accuracy and efficiency through management of the entire supply chain.

Benefits include:

For Trading partners For Manufacturers For Wholesalers For Retailers
The ability to identify goods and shipments quickly and accurately Automated counting and sorting on the production line The ability to order, receive, pick and despatch goods faster, with greater accuracy An accurate, efficient source of sales data
Faster delivery of goods Ability to track products through manufacturing and delivery Improved inventory and stocktaking Reduced administration costs
Fewer handling and
shipping errors		 Ability to obtain real sales data from a retailer and use it to plan production schedules which reflect actual consumer demand Support for applications such as cross-docking Fewer products out of stock
Better inventory Ability to include attribute information such as batch numbers, use-by dates and serial numbers in one barcode which can be read by all trading partners Faster, more efficient service at POS