Over 10 years experience of Traceability Solutions
By Pharmatrax Author
Category: Technoloy
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The main idea behind GS1 standards is to “make it possible for companies to speak the common language and enable visibility in the supply chain”. And it is a fact that they successfully transform the exchange of data between different participants, developing an efficient supply chain. GS1 Barcodes are the leading actor in this process, enabling the encoding of information (key identifiers and attributes) and allowing the track and trace through the whole supply chain.
The key role of the GS1 Barcode comes from the fact that once data is encoded, the barcode enables the traceability of information. Simple and secure. This easy and genuine tracking could happen with laser or image-based technology by all parties (manufacturers, retailers, subcontractors, distributors) at every moment when needed.
In other words, GS1 Barcodes enable straightforward communication and quick sharing of data, ensuring the transparency of information and 360-degree visibility.
Defined by GS1 standards, GS1 Identification keys provide an efficient information exchange. On the one hand, they allow companies to access item information such as product data, logistics unit, physical location and etc. On the other hand, they enable trading partners to share this information, creating a transparent “environment”.
The defined ID keys are:
It`s crystal clear that the GS1 standards benefit the supply chain in various ways. Their significant impact comes from the great opportunities that unlock for the supply chain participants such as opening up to new markets, seamless product distribution, and enhancement of brand protection and consumer trust. It is essential to mark that the common standards help rationalize business processes, increase speed, reduce paperwork, and cut costs.
The tremendous potential impact could be seen in: