November 27, 2014 Industry news
Delhaize, a Belgian food retailer that operates supermarkets around the world, has recently adopted GS1 standard Global Data Synchronisation Network (GDSN) as its method of exchanging product information.
GDSN is beneficial to major companies like Delhaize because it allows all aspects of their supply chain to improve the quality of their master data. This enables each area of the business and its trading partners to have access to the same information, leading to a greater level of consistency.
How GDSN can help businesses prosper
GDSN is a system that allows trading partners to securely access and exchange product information in an instant real-time setting. In order for this to be utilised, all the product details needs to be entered into a database, or data pools, containing standardised product information. This manages data between the trading partners via the secure network.
The number of worldwide users of GDSN has grown to a figure of over 20,000 within the last five years. It has become a popular system to use as companies are given complete control over the accessibility of their own product information, only allowing those they have authorised to see it.
A system with standards
With GDSN, GS1 gives users the tools to manage accurate product information in a tried and trusted way. Easy to use, it adheres to GS1 industry standards.
These standards stipulate that any company is permitted to use access the data pools regardless of the size of the company, the industry in which they operate or their location. This allows businesses to standardise the names of products in order to limit mistakes and establish products details. GDSN enables suppliers and those they trade with to have the same information about the products involved.
It also limits the number of disputes and complaints relating to product information, as everything is listed in the database under the same trading name, meaning that there will be less dissent across the supply chain. This leads to a greater level of accuracy in the order and shipping processes, which in turn leads to lower wastage through misinterpretation and wrong orders. Ultimately, the company and its trading partners have lower carbon emissions and operate as more green and eco-friendly businesses.
GDSN is ‘real-time’, meaning that as soon as the data pools are updated, the new information is instantaneously available for all those who have access to it. This means that retailers, such as Delhaize, will not have to account for costly time delays, leading to an improvement in cash flow.
Having up-to-date information in an easy accessible place, such as the GDSN offered by GS1, can have a positive reflection on the business and its supply chain. This can lead to a smoother process from ordering to delivery, making day-to-day business that little bit easier.
Speak to GS1 today about what GDSN can do for your business.