Global Data Synchronization (GDS) yields impressive benefits for a variety of retailers. These benefits include cost reductions and the creation of new revenue opportunities. Despite these benefits, GDS is not for everyone. Retailers must assess their current operations to determine if GDS is appropriate.
Everyone in the Pool!
GDS is essentially about networks and communications. It mandates the use of a shared pool of master data for suppliers, wholesalers, and retailers. The premise is simple: manufacturers ensure that product information is current and accurate, and downstream partners subscribe to this information to ensure that the data contained in their own system is current.
