Global Data Synchronization and Product Catalog Management

Business competition gets tougher everyday. As a result, marginal shares dwindle. To address this issue, retail, manufacturing and distribution companies turn to global data synchronization and product catalog management. The development of these solutions has improved product sharing, promotion information and operational performance among trading partners.

Global Data Synchronization

Global Data Synchronization (GDS) is an important solution in the elimination of product data oversights in the supply chain. It allows trading partners to share and exchange information about the latest item, location and price data. Through this, inaccuracies and costly inefficiencies of manually processed information are avoided. It eliminates the need for hiring a third-party just to control product data.

Empowering suppliers to handle information flow in the supply chain guarantees that business organizations and their trading partners always employ the same version of the information.

There are three important elements to GDS. These are Data Synchronization, GS1 Global Registry and Global Data Synchronization Network.

Data synchronization involves the electronic transmission of standardized information from a supplier's product database to a retailer's product database. It makes sure that the product information matches both databases and is up-to-date. GS1 Global Registry, on the other hand, is the so-called global "yellow pages" directory. This makes possible the exchange of standardized and synchronized supply chain data among trading partners through Global Product Classification. As for Global Data Synchronization Network (GDSN), this is an internet-based network of inter-operable data pools linked to GS1. This assures that the data exchanged between trading partners are uniform and consistent and adhere to universally accepted standards.

With these elements working in a streamline fashion, slip-ups in supply chain data will be reduced if not completely eradicated.

Product Catalog Management

When product information has been synchronized in both the suppliers and retailers' databases, marketing is the next important thing to accomplish. Business firms must reach out to the target market to inform them of and sell them the products.

Through catalog management systems, publishing of tens of thousands of product information for various media channels has become cost-effective, faster and easier. Customers and trading partners are informed about product details and features more effectively because information comes to them in a timely manner.

In summary, global data synchronization and catalog management systems provide business organizations the uniformity, consistency, and standardized data they need for smoother business operations. With these systems' technology, the flow of business across the globe will produce improved processing speeds and higher return on investment.

Talk to us about your company's specific needs. StiboSystems' team of highly trained members will come up with effective business solutions for your company's success using Global Data Synchronization and Product Catalog Management systems.

Source: http://ezinearticles.com/6356568

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