Consumer Goods
The consumer packaged goods (CPG) sector has changed dramatically in the past decade. There has been massive consolidation: the big have become bigger at both ends of the supply chain as manufactures and retailers strive to increase market share and cut costs. In this environment organizations need to leverage data and information technology to streamline operations and manage trade efficiently.
Data quality is central to the success of today’s initiatives to improve supply chain effectiveness and trading partner collaboration among CPG manufacturers, distributors and retailers. As GS1 – the organization responsible for global CPG trading standards – puts it, “when a supplier and a customer know they are looking at the same accurate and up-to-date data, it is smoother, quicker and less expensive for them to do business together.”
Right First Time Data Quality
GS1 has devised a Data Quality Framework to assist CPG manufacturers, distributors and retailers to achieve the levels of good quality, trusted data required in today’s market. It points out that curative, inspect and correct data cleansing efforts rarely deliver. Real benefits only come with having good quality data from the start and ultimately there is no replacement for capturing the right data in the first place.
Good quality data is foundational to collaborative commerce in the CPG sector. The Clavis Data Quality Steward is different from many existing data quality solutions because it is focused on data quality problem prevention. Experience to date, based on prior data quality approaches, has confirmed that problem prevention is the only practical approach to eliminating poor data quality as a business barrier. Clavis Data Quality Steward enables organizations to identify and remove the causes of poor data quality to ensure that data is ‘right first time, every time’.
For more information download Pre-emptive Data Quality Facilitates Collaborative Trading in CPG Sector
