GS1 Packaging from me to you

To start with inventory or not? Although during the beginning stages of your business funding, budgeting and inventory will need to be considered and analyzed. Maintaining good money management is going to be crucial to the overall success and longevity of your business. When it comes to budgeting for inventory not only do you have to be aware of tracking via SKU numbers and barcodes. But also shipping and receiving. Also, SKU numbers are used to organize and track inventory. Whereas barcodes identify your products. In addition, accurate quotes help you budget for packaging and shipping correctly. You will need to manage both inbound and outbound shipments.

Packaging

Packaging includes cost of design, materials, printing and assembly. Project your brand image and supply vital product information.

• Primary Layer – Protects the product from damage, tampering and contamination. For instance, Boxes, Bottles, Cans, Jars, Pouches, Tubes.
• Secondary Layer – Surrounds the primary packaging. For example, Cardboard and Paper.
• Tertiary Layer – Protects a products secondary packaging on its way to its final destination. Warehouse packaging to ship and protect products.
• Freight – In is the cost buyer is responsible for when receiving shipment from seller. For instance, delivery and Insurance fees.
• Purchase Cost – Buyer is responsible for shipping cost. Shipping cost stay with then inventory until it is sold.

Key Words

• USPS – United States Postal Service
• UPS – United Parcel Service
• Postage – The price you pay to send something. For instance, Stamps, Shipping Services and printed Postage goes in the top-right corner of package. Also, the price depends on how far package is going and service. As well as size and weight.
• DIM – Demensional Weight Rate
• Barcode – Black and white series of scannable images
• UPC – Universal Product Code
• SKU – Stock Keeping Unit an internal product inventory code identifying all your product features. Unique to your company for inventory tracking.
• GTIN – Global Trade Item Number data linked to product identifying factors. Also, it’s represented by a series of numbers.
• Packing – Activities required to wrap and protect a consumer product. Also, a Marketing tool used to align product packages to advertising campaigns.
• Height – Top to Bottom
• Width – Left to Right
• Length – The longest side. Also, it’s Front to Back
• Domestic Shipping – Send packages inside the U.S. and U.S. Territories and Military Bases.

GS1 Barcodes

UPCs aka Barcodes are administered and sold by GS1 US. Every product needs a barcode. Therefore, each size and different variations of color require a unique barcode. Also, GTIN-12 is 12 digits in length. Predominantly used in Norh America. And intended to be scanned at the point-of-sale. The only GTIN type that can be encoded in the UPC.

• 1D Linear Barcode – Series of vertical lines and spaces
• 2D QR Code Barcode – Use a grid pattern to represent GTIN and other important information.

GS1 Company Prefix

One prefix per company. Renew subscription yearly. See prefix pricing below.

• 10 – $250 initial fee with a $50 annual renewal fee
• 100 – $750 initial fee with a $150 annual renewal fee
• 1,000 – $2,500 initial fee with a $500 annual renewal fee
• 10,000 $6,500 initial fees with a $1,300 annual renewal fee
• 100,000 – $10,500 initial fees with a $2,100 annual renewal fee

GS1 GTIN

Identifies products online and in retail stores. Start-Up Business friendly. Identifies your company as the brand owner of product. $30 each with a free lifetime subscription to GS1 Data Hub. Data Hub is where you can create and manage product data. No annual renewal fee.