Do it Best Corp. Barcode General Mission
Through the use of barcodes, it is the Do it Best Corp. mission to gain efficiencies which will increase profitability and enhance the competitive edge of Do it Best Corp., Do it Best Corp. members, and vendors. To obtain this mission, the retailer has set the following GOALS:
- Achieve a 95% first pass read rate at retail point-of-sale
- Develop policies, procedures, and systems at all levels of the supply chain that will facilitate the successful implementation of barcoding.
- Provide members, vendors, and Do it Best Corp. associates with helpful information about barcoding.
- Develop an audits and controls system for ensuring the ongoing accuracy of barcoding information between vendors, Do it Best Corp., and members.
Benefits of Barcoding
The success of barcoding can be attributed to a number of factors. However, its success has been largely due to two major benefits: increased speed and accuracy. In today’s competitive marketplace speed in replenishing stock, changing prices, and processing at the checkout counter are crucial. Accurate sales history and perpetual inventory figures play an equally important role as well.
How can barcoding help retailers in achieving these goals? When armed with the proper equipment and training, a retailer can scan products at the checkout much faster than they can be manually keyed. By minimizing key entry and, consequently, human error at the checkout, a retailer can maintain more accurate sales history information and make better purchasing decisions.
Barcoding also eliminates the need to ticket individual products. Instead, bin labels may be used to display product pricing. This can shorten the amount of time required to receive and make product available for sale. And, by using bin rather than product labeling, a retailer can react more quickly to price changes that may be occurring within the marketplace. Manufacturers and wholesale operations can also benefit from barcoding.
Shipping Container Code
Shipping containers may be barcoded so that when scanned, the total ship pack quantity is identified. The technology also exists to match a particular shipment from a supplier with the corresponding purchase order using EDI (Electronic Data Interchange) along with a special type of barcode. As a result of the advantages barcoding brings to the Hardlines industry, there exists potential to increase efficiency, customer satisfaction, and profits.
GTIN (Global Trade Item Number)
GTIN (Global Trade Item Number) is the foundation in the EAN.UCC System for uniquely identifying trade items (product and services) sold, delivered, warehoused and billed throughout the retail and commercial distribution channels. It provides an accurate, efficient and economical means of controlling the flow of products and information through the use of an all-numeric identification system.
GTIN is the naming convention for the superset of all Trade Item Identification data structures. The four data structures that comprise GTIN are UCC-12 (UPC), EAN/UCC-13, EAN/UCC-8 and EAN/UCC-14 (SCC-14). These identification numbers are used on products and cases and are a key component of ecommerce transactions and communications.