Item | Description |
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Identification codes | The defined structure for each code. |
Bar code labels | Fixed or variable codes that are used to encode information for a single product unit, a consumer pack, or a collection or packages for shipment. |
Shipping labels | Shipping labels that follow a specific standard, the UCC Common Label. This standard sets up specific label segments and the information that is contained in each segment. |
EDI (Electronic Data Interchange) | The exchange of structured machine-readable information over a telecommunications network. |
Benefit | Description |
---|---|
Improved sales | By reducing warehouse cycle time, retailers can get their products on the shelf much earlier. For example, a retailer can increase the sell-through revenue by displaying the product to the customer a week and a half earlier. |
Reducing safety stock | By receiving information on shipments prior to arrival, companies can react more quickly to shortages and less safety stock is needed. |
Increased forecasting accuracy | Retailers are able to measure lead time of shipments, which can contribute to reduced safety stocks. |
Reduced receiving costs | When the shipping label is scanned, the retailer can collect bar coded data faster than manual key entry. Scanning shipping labels is not as labor-intensive and there are fewer errors and omissions than in manual data entry. |
Improved warehouse management | By having better shipping statistics and reducing warehouse cycle time, retailers can plan floor space and labor schedules. |
Benefit | Description |
---|---|
Improved cash flow | By reducing the payment cycle times with retailers, suppliers can reduce borrowing requirements and improve cash flow. |
Improved sales | Retailers penalize those suppliers that cannot adopt UCC 128 Compliance practices. Typically, this is a per transaction penalty to the supplier. If the supplier cannot adopt UCC 128 Compliance practices within a given time frame, the supplier can lose their business with the retailer. |
See Also:
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