I think it is fair to say that commerce has always been a very social activity. Marketplaces have been a gathering place for people for thousands of years and word of mouth has always been a huge influence on what people buy. But as more and more people engage in social networking activities and platforms (1.3 billion people use Facebook every month), there is a new opportunity to provide commerce as part of people’s interactions in social networking activity.
Throughout time, grandiose aspirations have seemingly convoluted processes and procedures. What exactly do I mean by this? The Foodservice Industry has been struggling with this balancing act for a number of years now. The balance between reaching an Ultimate Goal vs. Ability to Execute towards that goal. That balancing act has never been more tested than with the concept of Data Quality. On a daily basis, I’m constantly having conversations with some of the largest Foodservice manufacturers and they all have the same aspirations around Data Quality: be Complete (be seen as 100% “phase 2” attribute requirements across their entire product offerings) and Accurate (provide the most accurate product information as possible).
E-commerce as a sales channel for the retail industry continues to grow. Currently, e-commerce accounts for about 6% of overall retail sales, and about 11% of the top 30 product categories, according to Forrester. The growth rate of e-commerce sales is currently estimated around 15% annually, much higher than that of traditional in store sales.
But, with that said, many look at that one metric, e-commerce sales and can be mislead because it is relatively small at 6%. So even with good growth, it will remain a very small, niche “channel” in the minds of many retailers.
1WorldSync had the great pleasure of attending the Annual AHRMM Conference August 3-6, 2014. There was a lot of valuable information shared, but above all, it was clear that the Healthcare Industry is well on its way to realizing the benefits of GS1 Standards and eventually, the GDSN.
International trading has always played an important role in Asian countries. In a practical business, it takes a lot of effort to get customers’ orders shipped out; however, it is even more challenging on the back-end of production. There’s potential risk which can cause continuous logistical errors. Product information errors cause a domino effect of errors resulting in invoicing and sizing errors…just to name a few. All of which result in a decrease of profits.
As a PIM Practice Lead in 1WorldSync’s Professional Services organization, I have over a decade of experience in supply chain technology. I’m a seasoned expert in data synchronization and advise clients regularly on GS1 Standards and GDSN, while leveraging 1WorldSync’s solutions and partners to meet the ever-growing product information demands of businesses. Continue reading
Now, more than ever, global supply chains are under pressure to be agile and transparent, in the face of renewed consumer demand and the massive rise of Omni-channel commerce. In today’s digital world, your product information is one of your most valuable assets. Before your customers and trading partners ever see the physical product, they will have access to the digital information representing it. With the explosion of product information in the marketplace, the demand for quality, accurate product data has grown exponentially.
1WorldSync remains committed to the GDSN standards and will support the upcoming GDSN release, Major Release 3. With this release, GDSN will be better enabled to more quickly implement new requests into the standard. There are also many enhancements to existing attribute sets, including nutrients, ingredients, allergens, tax, hazardous materials, promotional, packaging and many others.
This release is considered a non-backwards compatible release, and while the level of impact varies based on the level of your implementation, we strongly encourage you to begin your planning and budgeting for the upcoming changes based on the below timeline:
The 1WorldSync Impact Analysis Document, which contains a summary of scope, the high level impact, and timelines, is available for all 1WorldSync customers and can be found here. We will work in the coming months to provide the full details on the scope and the technical specifications for this release.
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One of my favorite events at 1WorldSync is the Annual Congress in Cologne, Germany. Last year, I was impressed by the variety of topics and in-depth individual sessions. Annual Congress provides insights on how having accurate product information can open many doors for your company.
1WorldSync’s Annual Congress which will be held on September 30 – October 1, 2014 provides a platform to inform, share and listen to customers and partners and provide holistic answers to questions that arise from increasing industry challenges. It’s an exciting two days of collaboration, so get ready!
A recent United States Food and Drug Administration (FDA) regulation, issued on September 24, 2014 has medical device manufacturers on a global basis, readying their organizations for compliance. The new regulation requires most medical devices to be marked and labeled with a unique device identifier (UDI) and then entered into the FDA’s Global Unique Device Identification Database (GUDID) with a set of FDA-specified attributes. Compliance dates are driven by the class of medical device. Continue reading