In addition to cost savings related to improved inventory management, fewer errors due to manual
entry and reduced time for new item set up and maintenance, use of the Color and Size codes allows
retailers and their vendor partners to do automated analysis for sales trends by sizes and colors, and
helps guide merchandise assortment planning.
This helps ensure that the right merchandise is in the right place at the right time, benefiting not just
retailers and vendors, but consumers, too.
Using the GS1 US Color and Size Codes benefit the consumer, retailer, and vendor as follows.
Consumer
- Availability of the right merchandise in the right colors and sizes
- Improved customer service
Retailer
- Increased accuracy of point-of sale data capture
- Fewer stock counts
- Increased sales
- Higher inventory turnover
- Better identification of markdown candidates
- Increased accurate item level inventories
- Increased accurate input to automated replenishment systems
- Reduced marking costs and reduced distribution center space requirements
- Analysis of color family trends or inventory position
Vendor
- Availability of retail sell-through data at the product ID/color/size level
- Increased sales
- Increased inventory turn
- Improved information on markdown items
- Reduced chargebacks
- Reduced data entry costs