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GS1 standard tracks movement and status of goods, enabling better visibility, security and regulatory compliance.
GS1, a not-for-profit standards organization announced on Sept. 15, 2015 that its EPCIS and Core Business Vocabulary (CBV) standards for event-based supply chain visibility have been ratified by the Joint Technical Committee on information technology of the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC).
EPCIS is an open standard that allows businesses to capture and share information about the movement and status of products, logistics units, and other assets in the supply chain. The CBV defines a standardized vocabulary to ensure that trading partners exchanging supply chain visibility data have a common and consistent understanding of the business meaning of that information.
Initially published in 2007, EPCIS is deployed in sectors including healthcare to expand visibility and improve efficiency in areas ranging from inventory management to consumer and patient safety and can be used to reduce opportunities for undetected manipulation or counterfeiting of pharmaceutical products, GS1 reports.