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Synchronization—The Next Generation of Business Partnering: How Leading Companies are Delivering Actual Results

Grocery Manufacturers Association

Format:
Electronic (digital download/no shipping)

PDF - $0.00

Description:

This study delivers specific insights about how companies are using Global Data Synchronization (GDS) to improve their business performance. It also identifies for industry participants the areas and activities on which to focus to capture the greatest benefits. Accordingly, this report provides a roadmap for retailers and manufacturers to follow to deepen their own GDS capabilities. Key findings:

■ There is tremendous value for all industry players by using accurate data to drive business processes

■ Data synchronization is not just about technology — it is about people and processes working together to form a highly integrated and collaborative value chain

■ Significant value is created and performance enhanced throughout an organization when accurate data is used to interact and operate differently

■ Manufacturers and retailers that are leading the way in this new environment are beginning to realize significant benefits

These findings confirm the results of an earlier 2003 study exploring the potential of GDS. That report, Data Synchronization Proof of Concept: Case Studies from Leading Manufacturers, projected significant benefits in using global data synchronization. Those projections were correct, and were in fact conservative. The study clearly confirms that companies that take action are making progress and achieving real results with GDS. Further, those manufacturers and retailers that have collaborated and taken an integrated approach to data synchronization have realized even greater benefits in synchronization than originally perceived — often going beyond the more obvious benefits in value chain and administration to enabling improvements in new product introductions, customer service, and sales.

Product Details:

Product ID: IA-2006-sy
Publication Year: 2006
Page length: 24 pages