The Universal Product Code System | What is the Universal Product Code and how is it used?

"The Universal Product Code (UPC) is a barcode system that is used to identify products in stores and warehouses. It is a 12-digit code that is represented by a series of vertical bars of varying widths. UPCs are scanned by barcode readers at checkout, which allows retailers to quickly and accurately track inventory and prices.

In this video, we will learn about the history of the UPC system, how it works, and its impact on the retail industry. We will also discuss some of the challenges and limitations of the UPC system.

Join us as we take a closer look at this essential part of the modern retail world."

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The UPC system was first developed in the early 1970s by a team of engineers at IBM.
It was first used in a commercial setting in 1974, when a packet of Wrigley's chewing gum was scanned at a supermarket checkout.
Today, UPCs are used on billions of products around the world.
The UPC system has made it possible for retailers to track inventory more accurately and efficiently.
It has also made it easier for consumers to compare prices and make informed purchases.
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#technology #business #retail #marketing #supplychain #logistics #efficiency #accuracy #innovation #future

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