Nature

Power of standards

Date posted:09/08/2018

Over 40 years ago before the birth of GS1, businesses in the supply chain have been operating manually and that has created a lot of challenges in the day to day activities of their productions from manufacturing through distribution, retailers up to the consumers. The birth of GS1 brought positive transformation in the way businesses operate and for the past 40years the industries that have adopted the GS1 standards have been basking in the euphoria of successful day to day easy transactions.

GS1 Standards Enable Efficiency

The visibility created by GS1 Standards enables traceability - a cornerstone of food, product, and patient safety solutions. Traceability starts with the standardised identification of products, assets and locations, and the ability to share information between trading partners. These are ways the standards has been able to transform the way we work and live;

  • Track and trace
  • Pedigree
  • Product authentication
  • Product recall
  • Consumer confidence
  • Brand protection
  • Regulation and reform

There are limitless business processes where many organisations have yet to realise the full potential of visibility to drive efficiency. By penetrating the GS1 Standards across the supply chain, companies can dramatically increase the amount of data at their disposal for decision making, in addition to automating internal and external processes. Internally, GS1 Standards are often used to track shipping containers and other reusable assets, making business processes work faster and more efficiently through;

  • Operational optimisation
  • Data quality and accuracy
  • Order to cash cycles
  • Asset management
  • Inventory management
  • New product launches
  • On-time delivery and receipt
  • Automated audit trails
  • Labour productivity

GS1 Standards Enable Visibility

GS1 is committed to helping businesses better analyse processes and applications and to function more efficiently across the supply chain. GS1 provides the foundational standards necessary for the technologies behind these processes to deliver the accurate data needed by organisations to operate efficiently and at speed. d. Specifically, GS1 Standards allow the sharing of common visibility data, providing information about a product's location and status, answering accurately the what, when, where and why of a specific product's movement through;

  • Effective product recalls
  • Increased supply chain security and efficiency
  • Global traceability
  • Supports regulations
  • Inventory control

GS1 Standards Enable Collaboration

GS1 brings together industry stakeholders, from manufacturers and brand owners, to distributors and retailers, to industry associations, to solution providers, to develop, adopt and implement information standards that help them improve business processes. GS1 Nigeria works with industry communities to articulate, identify, resolve and share industry issues and best practices, ensuring representation from all stakeholders in the supply chain

  • Connecting communities
  • Trading-partner relationships
  • Data synchronisation
  • Consumer information
  • Interoperability