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…
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,…