GS1 Global Data Synchronisation Network Shows Exponential Growth; Strong Business Value Drives Increases.BRUSSELS, Belgium & LAWRENCEVILLE, N.J. -- GS1, the not-for-profit organisation that develops global standards for the identification of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. across supply chains, has announced that the number of companies using the GS1 Global Data Synchronisation Noun 1. synchronisation - the relation that exists when things occur at the same time; "the drug produces an increased synchrony of the brain waves" synchroneity, synchronicity, synchronism, synchronization, synchronizing, synchrony Network (GDSN GDSN Global Data Synchronization Network GDSN Guardian Digital Secure Network GDSN Global Digital Seismic Network ) has grown from 200 to over 5,000 in the last 12 months. Suppliers and retailers that electronically synchronise Verb 1. synchronise - happen at the same time contemporise, contemporize, synchronize hap, happen, occur, come about, take place, go on, pass off, fall out, pass - come to pass; "What is happening?"; "The meeting took place off without an incidence"; data with their trading partners in the GDSN are saving costs through efficiencies in logistics, accounting and inventory. They are boosting sales by introducing new products to the market faster and ensuring better on-shelf availability. Over half of the top 20 global retailers have now made the GDSN a cornerstone of their successful electronic business practice. The reliable environment it provides enables standards-compliant data to be exchanged in a streamlined manner, throughout local, regional, and global supply chains. The GDSN has flexible functionality that supports new item introductions and retailer-specific data requirements, such as price and promotion information. Mike Haas, Chief Information Officer of Johnson & Johnson's Consumer and Personal Care Group says, "Thanks to data synchronisation, we were able to significantly reduce out-of-stocks at Wal-Mart and uncover savings in other supply chain areas, such as logistics." "Wal-Mart is absolutely committed to data synchronisation across our global operations Global Operations is a first-person shooter computer game developed by Barking Dog Studios and published by both Crave Entertainment and Electronic Arts. It was released in March of 2002, following its public multiplayer beta version which contained only the Quebec map. ," said Randy Salley, Vice-President Information Systems for the international retailer, "The positive results of our work with the Global Data Synchronisation Network have exceeded our expectations." Sally Herbert, President of GS1 GDSN, Inc., notes that "Reaching the 5,000-user mark shows that the global community has confidence in the GS1 GDSN. By working through the 104 global Member Organisations of GS1 and 23 GDSN-certified data pools, trading partners in industries ranging from consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one to hardlines to consumer electronics gain all the advantages of local and global synchronisation." About the GS1 GDSN The GS1 Global Data Synchronisation Network (GDSN) is a network that connects data pools, which are regional sources of supplier and retailer data, to the GS1 Global Registry(TM), a global yellow pages directory operated by GS1 GDSN, Inc. The GS1 Global Registry allows companies to locate source/supplier or recipient/retailer data pools to exchange standardised Adj. 1. standardised - brought into conformity with a standard; "standardized education" standardized standard - conforming to or constituting a standard of measurement or value; or of the usual or regularized or accepted kind; "windows of standard width"; data with trading partners on a real-time basis. By synchronising Noun 1. synchronising - an adjustment that causes something to occur or recur in unison synchronisation, synchronization, synchronizing readjustment, adjustment, registration - the act of adjusting something to match a standard data with their trading partners, participating companies eliminate costly data errors, increase supply chain efficiencies and speed new products to market faster. GS1 GDSN, Inc. is a subsidiary of GS1, an organisation dedicated to improving the efficiency and visibility of supply and demand chains in more than 20 industries and sectors in 104 countries. For more information, visit www.gs1.org/gdsn. |
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