Gs1 Company
Executive Summary
The objective of the paper is to analyse the role and benefits of GS1 system in supply chain management.GS1 is an international non-profit organization that has developed and maintained visibility in supply chain management in a sustainable way. The case study attempts to look into and analyse some of the standards offered by the system sustains supply chain in an effective way. It analyses the formation of the system, the standards it applies, products and customers, the business partners and the benefits it brings to the supply chain as a unit. The data for analysis is from literature from books, journals and company websites. The recommendation and conclusion on the role of the GS1 system is finally provided at the end of the paper.
Introduction
Standard are agreements that structure any activity or organizational operations in an industry. They can comprise of rules or guidelines that all the members of an organization are adhering to.(PLEASE ADD 2 OR 3 REFERENCES OF THE DEFINITION OF STANDARD) Their operations may be determined by the way they get implemented in that particular economic sector either for classification, description or measuring of products and services. Standards are very crucial for the very survival of businesses globally in that they help in choosing and ordering goods and services in the market. Without standards products acquisition would meet, a number of barriers and challenges to the individuals not present during transactions.
• Unique identifier
These are generic and simple data used in multi sector and for international supply chain applications. It consists of two or more digits encoded in the data carrier in a format that is specific to each of the products.
• Difference of physical supply chain and logical supply chain
• Importance of global standards for electronic business messaging
They enable faster and effective communication of accurate information between parties. The shared
The objective of the paper is to analyse the role and benefits of GS1 system in supply chain management.GS1 is an international non-profit organization that has developed and maintained visibility in supply chain management in a sustainable way. The case study attempts to look into and analyse some of the standards offered by the system sustains supply chain in an effective way. It analyses the formation of the system, the standards it applies, products and customers, the business partners and the benefits it brings to the supply chain as a unit. The data for analysis is from literature from books, journals and company websites. The recommendation and conclusion on the role of the GS1 system is finally provided at the end of the paper.
Introduction
Standard are agreements that structure any activity or organizational operations in an industry. They can comprise of rules or guidelines that all the members of an organization are adhering to.(PLEASE ADD 2 OR 3 REFERENCES OF THE DEFINITION OF STANDARD) Their operations may be determined by the way they get implemented in that particular economic sector either for classification, description or measuring of products and services. Standards are very crucial for the very survival of businesses globally in that they help in choosing and ordering goods and services in the market. Without standards products acquisition would meet, a number of barriers and challenges to the individuals not present during transactions.
• Unique identifier
These are generic and simple data used in multi sector and for international supply chain applications. It consists of two or more digits encoded in the data carrier in a format that is specific to each of the products.
• Difference of physical supply chain and logical supply chain
• Importance of global standards for electronic business messaging
They enable faster and effective communication of accurate information between parties. The shared