Master data management
On a mission to improve data quality for a speedier, more efficient supply chain
Why is master data management important?
An efficient supply chain relies on good quality data so having the tools to maintain high-quality data is essential.
The GS1 UK Data Crunch report showed the retail industry could save £1bn in just 5 years and easily manage the huge increase in demand for retail product information – while also improving the consumer experience – just by improving data with master data management.
For more information on the opportunities master data management provides, download the GS1 UK Data Crunch Report (646KB) pdf
I’m a supplier. How can master data management help me?
Improved data quality through master data management can help you:
- introduce new products to market faster
- understand the customer better for sales purposes
- have product origin and environmental data to hand
- support sales with extensive nutritional and ingredient data
- quickly reconcile invoices and payments
- prevent returns and delays
I’m a retailer. How can master data management help me?
Improved data quality through master data management can help you:
- deliver a better service with enhanced product training and information
- influence sales with more marketing information and cross-selling opportunities
- reduce returns
- prevent running out of stock of a product
- have accurate shelf labelling
- achieve 100% scans at the checkout
- produce accurate receipts
What's GS1 UK doing to improve data quality?
We think that ideally the UK supply chain should have one standard approach to sharing common product information through Global Data Synchronisation (GDS).
To get to the point where everyone’s data is of the right quality to be shared through GDS, we operate the industry-led Data Synchronisation Group that’s working on finding practical ways to improve data quality today.
Want a detailed analysis of your data quality management processes?
For GS1 UK members, we can investigate your systems, people and processes and suggest improvements.
Want to know more about master data management?
Want to start improving your product data today? Contact us to discuss your needs