The GTIN provides a global supply chain solution by identifying any trade item that may be priced, ordered or invoiced at any point in the supply chain and upon which there is a need to retrieve pre-defined information. Unique identification of trade items is critical to maintaining operational efficiencies that business partners rely on to exchange information about products in consistent ways, as well as ensuring the smooth operations of global supply chains. Overall, costs are minimised when all partners in the supply chain adhere to the GTIN Management Standard.
This standard has been developed in accordance with the GS1 Global Standards Management Process (GSMP) and is considered a part of the GS1 system of standards.