GS1 STANDARDS

GS1 standards create a common foundation for business by uniquely identifying, accurately capturing and automatically sharing vital information about products, locations, assets and more.

The RIC Group complies with the GS1 standards which are built on three main elements:

1. Identify
2. Capture
3. Share

Businesses use standards to identify real world objects such as products, assets and more, so that may be the subject of electronic information that is stored and / or communicated by stakeholders in the supply chain. To identify these entities, businesses use GS1 Identification (ID) keys.
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Well-designed supply chain standards play a very important role in day-to-day business operations because:

• They reduce complexity between and within organisations.
• They make it easier to make the right decisions about purchasing hardware, software and equipment.
• They reduce the costs of implementation, integration and maintenance.
• They facilitate collaboration between trading partners in the supply chain, in a many-to-many relationship, making it quicker, and easier to identify items, share information, order and receive parts or ingredients from suppliers, or ship goods to customers.
• They help improve patient safety and reduce medication errors.
• They enable global traceability and authentication.

The RIC Group is an end-to-end supply chain solution provider and our solutions aim to keep costs down for everyone by reducing complexity.