Focus area
Food waste, recalls and outbreaks of foodborne illness account for 1.3 billion tons of lost food and countless costs every year, according to the United Nations’ Food and Agriculture Organization (FAO).
The more accurate the information about our strawberry jam, the less errors we will see in order handling, billing and shipments – not to mention faster and better communications with trading partners and consumers.
Standing up to today’s tight retail profit margins through standards-based business processes leads to greater overall efficiency and more profits.
focus-efficiency.additional.text1
Case Study
The Swedish grocer Konsum Nord saved 85% in administrative costs by switching to an invoicing system using GS1 eCom standards and expected to recoup their investment in one year, according to a GS1 Sweden case study.
White paper
The volume of consumer products subject to (Customs) examination of toy and game products can be reduced by 80% or more with the use of Global Trade Item Numbers (GTINs) and Global Product Classification (GPC) codes, according to a GS1 US 2012 white paper.
University study
Leading US retailers gained clear benefits from item-level EPC/RFID tagging, including close to 100% in-store inventory accuracy, 75% reduction in stocktaking time, improved shelf-availability and sales increases of up to 15%, according to a University of Arkansas study in the Apparel sector.