An Examination of Standardized Product Identification and Business Benefit

Abstract

This chapter goes on a supply chain journey where humankind attempts to make sense of its complex world through the application of numbers and associated data carriers. The trading world is famously becoming increasingly globalised and has had the effect of extending supply chains and subsequently making them more complex and prone to risk. To offset these risks, standards are being developed and applied in supply chains to identify and manage products as they travel along the physical supply chain. The following pages introduce the reader to the concepts of standardised product identity and data management. Both of these elements have been found to be foundational and enabling prerequisites when offsetting supply chain risk. The systems mentioned within the chapter are discussed through the lens of the GS1 system and have all been tested in manifold implementations. They are intended as best practices, patterns of application for supply chain managers, and thought leaders alike, which are proposed as a launch pad for improving organisational capabilities using standards.