Yes! this is indeed a great tool to keep the vital product pricing information and specifications, revisions up to date so that there is no confusion between what you order and what you get . This will also increase the transperancy among the various parties - the purchase , the sales and the customers. In absense of sucha synchronised system there is always a chance that a salesperson commits some different pricing to a favoured party in order to complete his order quota sometimes at a cost of some loss to the company.
Such system is very useful especially for spare parts ordering as this is where a lot of communication gap exists today. The dealers many times order parts which are not available or have been replaced by substitute parts.
This tool is a great initiative. I believe it still requires great cooperation from companies to update their data frequently so that they can be kept in sync all the time.
Great post, Scott. I think the underlying technology behind GDSN is cloud-based where the data is stored in central online locations and not scattered across multiple locations. We have already seen how cloud computing and storage is going to revolutionize electronic manufacturing and supply chain. The case of GDSN is one great example of that.
GDSN has been in the 'almost ready' stage for many years. i've talked with lots of folks over that time who were not convinced it was worth the effort. But this last year seems to be a watershed in that more companies have cleaned up their internal data - a prerequisite to publishing externally to the GDSN Pool. For many companies this was a difficult and time consuming job.
The fact that there are tools available to keep the internal systems in sync and automate the synchronization between internal and external systems means the work the companies devoted to the first round of cleanup will not be lost as changes are made.
Another reason for the GDSN's growing popularity is that it provides a systematic method of maintaining consistency in naming attributes across products from multiple manufacturers.
With cloud based computing models on the surge and marketability gaining much publicity. What i think would keep individual cloud computing service provider moving in the market may still boil down to unique services they intend to offer and reliability of their security components.
This indeed a good tool that has emerged as the industry answer to facilitating a seamless, highly responsive supply chain, improving internal operations and providing a better buying experince for consumers.
This will reduce supply chain run time. Useful for both the customers and industy people. Users can easily estimate the product price, this will give a transperancy between the sellers and buyers.
Very exciting news. GDSN seems to not only improve how product information is shared, it also seems to bring in more efficiencies into the supply chain. The reduction in data duplication from the production to the end user should also help reduce unnecessary waste and improve pricing.
The consistency in naming attributes across products from multiple manufacturers is definitely a great benefit to not only retailers, but the coonsumers who will not have to wait too long for the products. A win win for all I hope, if the savings in the supply chain is passed along to the consumers.
This sounds really interesting but who will pay for this service. Is it the OEM's, component suppliers or distributors? Also does it still require OEM's to maintain internal systems to get linked with GDSN.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
To save this item to your list of favorite EBN content so you can find it later in your Profile page, click the "Save It" button next to the item.
If you found this interesting or useful, please use the links to the services below to share it with other readers. You will need a free account with each service to share an item via that service.
Tweet This
