Barcode Registration in India and its Benefits

Efficiency and accuracy are the keys to success in the fast-moving business of India. In Micro, Small, and Medium Enterprises (MSMEs), competitiveness is the keyword, and to make them count, every available tool is to be used, with barcode registration being one such essential tool. We will understand the barcode registration in India, and it’s benefits through this article.

What is Barcode Registration?

You can see them on every product—those recognizable patterns of parallel lines or digits. Barcodes are used to identify and track things in terms of inventory and sales. In India, the GS1 global standards organization manages barcode registration. To get a barcode, MSMEs must register with GS1 India to secure a unique GS1 company prefix. That prefix can be used to get barcodes for individual products.

Stepwise Process to Get Barcode Registration

Application Submission: Firstly, you need to start by filling out an application form available on the GS1 India website. You’ll need to provide details about your business, including your GST number, PAN, and business address.
Document Requirement: Along with the application, submit necessary documents such as a copy of your PAN card, GST registration certificate, and a letter of authorization.
Payment of Fees: Barcode registration involves an initial registration fee and an annual renewal fee. The fee structure varies based on the number of barcodes you require.
Barcode Allocation: Lastly, upon successful submission and verification, GS1 India will allocate a unique company prefix to you, enabling you to generate barcodes for your products.

Benefits of Barcode Registration

Better visibility of products

Barcodes enable easy identification and tracking of products, thereby enhancing their attraction to both retailers and consumers. This visibility can significantly improve your opportunities to sell.

Improved Inventory Management

Bar codes allow real-time inventory to be tracked and, therefore, the potential of overstocking or being out of stock to be minimized.

Improved operational efficiency

Barcodes lead to a reduction in human errors and promote an increase in transaction time through an improvement in the efficiency of checkout, which consequently results in better customer satisfaction and a lowering of operational costs.

Export facilitation

Barcodes are internationally accepted standards—a prerequisite to intending organizations or enterprises to their ambition to penetrate and embrace international environments. They simplify the export process of a product to global retailers.

Data Correctness

Barcodes ensure that data capture is accurate, and this is very important for the rationale of making business decisions. Accuracy in the sales and inventory details guides you to ascertain market trends when preparing strategies.

Professional Image

Products with barcodes give a professional impression. This builds confidence both in the eyes of the customers and the retailers. It shows your business is being done about industry practice.