What is Price Lookup Code (PLC)? The Price Lookup Code (PLC) serves as a fundamental tool in the retail and e-commerce sectors, streamlining the process of pricing identification for products. Essentially, it is a numerical or alphanumeric code that retailers associate with specific products, allowing both consumers and retailers to easily access pricing information. The…
What is an International Article Number (IAN)? The International Article Number (IAN), formerly known as the European Article Number (EAN), is a globally recognized system utilized for the identification of products. Primarily composed of a unique series of numbers, the IAN serves as a critical tool for businesses and consumers alike in the vast landscape…
What is GS1 standards? GS1 is a global organization that develops and maintains standardized systems for identifying, capturing, and sharing information about products and services. Established in 1973, GS1 has significantly transformed global supply chain management by providing a unified framework that can be utilized across various industries. With its headquarters in Brussels, Belgium, GS1…
Introduction to Fulfilled by Amazon ( FBA Storefronts ) Amazon’s Fulfilled by Amazon (FBA) program offers sellers the opportunity to leverage Amazon’s vast logistical framework for managing their inventory and shipping processes. An FBA storefront is essentially a seller’s digital storefront on Amazon, facilitating better visibility and organization of their product offerings. This platform enables…
What is a Point-of-Sale (POS) System? A Point-of-Sale (POS) system is a combination of hardware and software that enables businesses to process transactions, manage sales, and oversee various operational activities. In retail and hospitality environments, POS systems serve as a crucial tool for streamlining sales operations and enhancing customer service. Traditionally, the term ‘POS’ was…
Introduction to Retail Supply Chain The retail supply chain is a critical framework that enables the seamless flow of goods from manufacturers to consumers. It encompasses a series of processes and activities essential for managing the procurement, production, and distribution of products within the retail sector. Understanding the retail supply chain is vital for businesses…
What is Global Trade Item Number (GTIN)? The Global Trade Item Number (GTIN) is a unique identifier for products that is critical in the realm of global commerce. It serves as a universal standard for identifying trade items, enhancing product visibility and traceability throughout the supply chain. GTIN can be utilized in various forms, including…
What are Universal Product Codes (UPCs)? Universal Product Codes (UPCs) are standardized numerical barcodes used to uniquely identify products across various retail and distribution channels. Developed to streamline the process of product identification, UPCs facilitate accuracy in inventory management, sales tracking, and supply chain operations. The standard formulation for a UPC consists of 12 digits,…
What is a Stock Keeping Unit (SKU)? A Stock Keeping Unit (SKU) is a unique identifier assigned to each distinct product, service, or item that is available for sale. This identifier is typically alphanumeric and serves as a crucial tool in inventory management and retail operations. This specific code enables businesses to efficiently track and…