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GS1 - The global language of business
Benefits
An organisation that adopts the use of GS1net will enjoy the following business benefits:
- Increased efficiency and accuracy of communicating information by removing the need for "paper based" forms such as the UBF
- Reduction in lost vendor and retailer sales, "Out of Stocks" and instances of excess stock levels caused by ordering errors
- Reduced occurrences of retail scanning of "unknown items"
- The reduction of reconciliation work and the corresponding costs associated with processing credit claims, returns etc.
- The prevention of reduced vendor or retailer margins that are caused by incorrect pricing
- Elimination of rejected deliveries to stores or warehouses resulting from incorrectly ordered/delivered items, price discrepancies etc.
- Easy and uniform access to images and dimensions for shelf space management and marketing
- An overall reduction in supply chain costs for both supplier and retailer