The Universal Product Code (UPC) is a barcode standard used to identify retail products. UPC codes were created by the Uniform Code Council to speed up checkout processes and improve inventory tracking for retailers. A UPC code contains the manufacturer's identification number, item number, and check digit. It allows stores to look up product prices when scanned but does not encode the price directly. Coupon codes have a different numbering system that allows stores to validate discounts against specific product families.