IS IT A UPC BARCODE OR IS IT MONEY?
The answer is both. Clearly, it’s a barcode, but its most vital job is to transfer the ownership of one product or service from one trading partner to another.
Let’s look at the following example:
A pound of butter at your local grocer uses a UPC barcode to transfer ownership from the store to the consumer. Using the same example on a wider scale, a barcode will track the transfer of the box of butter from the creamery to the truck line. That, in turn, transfers the ownership to the grocery wholesaler.
Even a barcode on a book at your community library helps track who is borrowing a book from a specific date and time and when the book is finally returned.
So, in its simplest definition, a UPC barcode is a form of script/money.
About Ted Schultze: Meet The Bar Code Doctor™
Since 1973, Ted Schultze, president at Prefix-Xhcange continues to play a vital role in the Automatic Identification and Data Collection (AIDC) industry. Informally nicknamed The Bar Code Doctor™ in his early career, the title eventually stuck due to Ted’s growing reputation for helping business owners solve complex barcode issues, secure low-cost company prefixes, and avoid costly consequences (stay tuned for our next discussion on “shared prefixes”).
In this six-part series, Ted will walk you through how your UPC barcodes affect your business’ operations, as well as provide examples of how he has helped companies, like you, solve some of the most complex barcode issues to date.
Stay tuned to learn more. For questions, reach out to Ted and his team at Prefix-Xchange today!
How Prefix-Xchange Can Help Your Company
Trust the experts at Prefix-Xchange to provide the most seamless process for purchasing your company prefix. Our team will work with you to ensure your business receives what you need in a timely, efficient manner, so you can avoid costly GS1™ annual renewal fees.
The Bar Code Doctor-TM