For decades, the process of launching a new product involved a chaotic series of manual tasks. Suppliers would complete unique, retailer-specific spreadsheets. This led to an to an inefficient and error-prone exchange of information. Today’s fast-paced, omnichannel retail environment presents challenges. This legacy approach is a significant liability. As a consequence, it creates costly delays and inaccuracies that ripple through the entire supply chain.
This challenge isn’t just national. It’s a global issue. A worldwide shift addresses it. This involves a standardised, automated system for product data exchange. This new paradigm ensures that from the moment a product is ready. It communicates to any trading partner, anywhere. It does so with speed and precision.
The Hidden Costs of Traditional Methods
The legacy workflow had fragmentation. A supplier dealing with many retailers faced a problem. They had to reformat and re-enter core product information. This went into different proprietary forms.
Next, retailers manually re-keyed this data. A single typo in a product’s dimensions or weight was dangerous. It could lead to could lead to major logistical problems. It caused invoice disputes. It even led to lost sales. This environment meant constant data reconciliation. Strategic collaboration suffered.
The Modern Workflow: A Global Standard for Commerce
The modern solution is an integrated ecosystem, designed for global compatibility. It is built on three foundational pillars:
- Global Identification Standards: Globally unique identifiers are at its core. These include the Global Trade Item Number (GTIN) for products. Also, the Global Location Number (GLN) for locations. These standards create a common language. It’s unambiguous. It underpins all supply chain communication. Every participant refers to the exact same product and place.
- The Global Data Synchronisation Network (GDSN): The GDSN is the world’s largest product data network. It has over 50 compatible, certified “data pools” globally. It uses a simple publish-subscribe model. A supplier loads data into one data pool. Retailers then subscribe to receive that information. They get it through their own chosen data pool. Location doesn’t matter. This powerful network removes manual forms. It ensures all partners access up-to-date master data. This happens in real-time.
- Product Information Management (PIM) Systems: While the GDSN facilitates the exchange of standardised logistical (and pricing) data, PIM systems provide the internal hub for managing a much richer set of content. These platforms allow companies to:
- Centralise all product related information.
- Enrich it with marketing descriptions and digital assets.
- Govern its quality and consistency before syndicating it to the GDSN and other consumer facing channels. For example, PIM helps manage everything from technical specifications to marketing descriptions and digital assets.
A Comparative Overview