Which of the following is a benefit of knowing the GTIN for products?

Knowing the Global Trade Item Number (GTIN) for products plays a crucial role in inventory tracking. The GTIN acts as a unique identifier for each product, which allows for efficient monitoring and management of stock levels. When products are scanned or entered into inventory systems, the GTIN ensures that the correct items are recorded, making it easier to track what is in stock, what needs to be reordered, and to identify product movement. This precision in inventory management contributes to accurate sales data, helps to minimize shrinkage, and ensures that shelves are stocked correctly, ultimately supporting better operational efficiency.

While other choices may relate to the overall management of a retail environment, they do not directly align with the core function provided by the GTIN as effectively as inventory tracking does. For instance, while price management and customer service may benefit indirectly from proper inventory practices, they are not the primary functions associated with the GTIN.