Retail suppliers signing up to streamline data exchange, reduce costs in logistics, accounting and inventory
Brussels, Belgium — June 8, 2006 — The number of companies using the GS1 Global Data Synchronization Network (GDSN) has grown from 200 to over 5,000 in the last 12 months, according to GS1, the not-for-profit organization that develops global standards for the identification of goods and services across supply chains.
The GS1 GDSN is a network that connects data pools, which are regional sources of supplier and retailer data, to the GS1 Global Registry, a global yellow pages directory operated by GS1 GDSN. The Global Registry allows companies to locate source/supplier or recipient/retailer data pools to exchange standardized data with trading partners on a real-time basis.
Suppliers and retailers that electronically synchronize data with their trading partners in the GDSN have the opportunity to reduce costs through efficiencies in logistics, accounting and inventory, according to GS1. These companies also have the opportunity to boost sales by introducing new products to the market faster and ensuring better on-shelf availability, according to GS1.
Over half of the top 20 global retailers are now involved with the GDSN, which enables standards-compliant data to be exchanged in a streamlined manner throughout local, regional and global supply chains. The GDSN has functionality that supports new item introductions and retailer-specific data requirements, such as price and promotion information.
"Thanks to data synchronization, we were able to significantly reduce out-of-stocks at Wal-Mart and uncover savings in other supply chain areas, such as logistics," said Mike Haas, chief information officer of Johnson & Johnson's Consumer and Personal Care Group.
"Wal-Mart is absolutely committed to data synchronization across our global operations," said Randy Salley, vice president information systems for the international retailer. "The positive results of our work with the Global Data Synchronization Network have exceeded our expectations."
Sally Herbert, president of GS1 GDSN, suggested that reaching the 5,000-user mark shows that the global community has confidence in the GS1 GDSN. "By working through the 104 global member organizations of GS1 and 23 GDSN-certified data pools, trading partners in industries ranging from consumer packaged goods to hardlines to consumer electronics gain all the advantages of local and global synchronization," Herbert said.
Additional Articles of Interest
— Manufacturers of all size are struggling to meet that challenges of managing their product information across global supply chains. Read more about the challenges of getting to one version of the truth in "Nothing But the Truth," in the April/May 2006 issue of Supply & Demand Chain Executive.
— Thinking about automating your warehousing operations? Take a strategic stance with this helpful guide: "The Analyst Corner: Warehouse Management," in the April/May 2006 issue of Supply & Demand Chain Executive.
Brussels, Belgium — June 8, 2006 — The number of companies using the GS1 Global Data Synchronization Network (GDSN) has grown from 200 to over 5,000 in the last 12 months, according to GS1, the not-for-profit organization that develops global standards for the identification of goods and services across supply chains.
The GS1 GDSN is a network that connects data pools, which are regional sources of supplier and retailer data, to the GS1 Global Registry, a global yellow pages directory operated by GS1 GDSN. The Global Registry allows companies to locate source/supplier or recipient/retailer data pools to exchange standardized data with trading partners on a real-time basis.
Suppliers and retailers that electronically synchronize data with their trading partners in the GDSN have the opportunity to reduce costs through efficiencies in logistics, accounting and inventory, according to GS1. These companies also have the opportunity to boost sales by introducing new products to the market faster and ensuring better on-shelf availability, according to GS1.
Over half of the top 20 global retailers are now involved with the GDSN, which enables standards-compliant data to be exchanged in a streamlined manner throughout local, regional and global supply chains. The GDSN has functionality that supports new item introductions and retailer-specific data requirements, such as price and promotion information.
"Thanks to data synchronization, we were able to significantly reduce out-of-stocks at Wal-Mart and uncover savings in other supply chain areas, such as logistics," said Mike Haas, chief information officer of Johnson & Johnson's Consumer and Personal Care Group.
"Wal-Mart is absolutely committed to data synchronization across our global operations," said Randy Salley, vice president information systems for the international retailer. "The positive results of our work with the Global Data Synchronization Network have exceeded our expectations."
Sally Herbert, president of GS1 GDSN, suggested that reaching the 5,000-user mark shows that the global community has confidence in the GS1 GDSN. "By working through the 104 global member organizations of GS1 and 23 GDSN-certified data pools, trading partners in industries ranging from consumer packaged goods to hardlines to consumer electronics gain all the advantages of local and global synchronization," Herbert said.
Additional Articles of Interest
— Manufacturers of all size are struggling to meet that challenges of managing their product information across global supply chains. Read more about the challenges of getting to one version of the truth in "Nothing But the Truth," in the April/May 2006 issue of Supply & Demand Chain Executive.
— Thinking about automating your warehousing operations? Take a strategic stance with this helpful guide: "The Analyst Corner: Warehouse Management," in the April/May 2006 issue of Supply & Demand Chain Executive.
- More articles about GDSN.
