A barcode is like a unique identity marker of a product. It is the series of vertical bars and spaces marked on the product that is scanned electronically by a barcode scanner to read the encoded product details.
A barcode is like a unique identity marker of a product. It is the series of vertical bars and spaces marked on the product that is scanned electronically by a barcode scanner to read the encoded product details. The barcode encrypts the product with product numbers, batch numbers, and serial numbers that help in easily and more efficiently identifying the product for people handling them during different stages of the supply chain. The barcode allows information to be shared across the supply chain and between trading parties in a consistent and reliable fashion. The types of barcodes used in India are EAN-13 and UPC-A, which are the most widely used among all GS1 barcodes. GS1 refers to the coded symbols that carry the product details. In India, GS1 barcodes provide information on FSSAI and AGMARK compliance to customers.
Barcode registration is not mandatory for all businesses in India, except for the ones that deal with pharmaceuticals, trade with supermarkets, and provide goods and services to army canteens. Nonetheless, barcode registration is now being extensively preferred by companies because of the various benefits it offers. To begin with, it sets the tone for the business as updated, modern, and standardized. It also garners wider acceptance for products in international trade as barcodes are universal and recognized all around the world. Needless to say, it boosts brand value and growth potential. In terms of efficiency, it is proven to be accurate, fast, and reliable as it rules out any chance of human error.
It is cost-effective as it lowers inventory costs and overall costs of the supply chain, and it also helps manage time more efficiently by making it easier for the products to be transferred with complete accuracy in consignment dispatched. It also promotes trust between trading partners as there is more transparency and, therefore, accountability in product transactions. It is also becoming increasingly necessary to sell products online through major shopping sites. Barcode registration also helps in the visibility of products on google searches. It is convenient and saves time for busy shoppers who can depend on barcode scanned product information that is so readily accessible.
Barcode registration is easily obtained with the right assistance and documentation, it can be done without any hassle. The documents required include a company pan card to prove the authenticity of business, proof of business registration, cancelled cheque to verify bank account details, an audited financial statement to check the annual turnover of the company, product details to be encoded, and a request for barcode registration on company letterhead. With these documents and a few simple steps, you can procure a unique and universal recognition for your product.