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27 May 2004. Reqio, the Product Information Management company, is forecasting that the Global Data Synchronisation (GDS) initiative is set to fail before it gets started unless organisations start taking radical steps now.

Stewart Holness, CEO of Reqio states: “The promise of GDS is enticing. The reality is that most organisations in the supply chain have yet to get the consistency necessary in their own data to make GDS a practical and beneficial reality. Until each individual organisation has put its own house in order GDS will remain a distant dream.”

The basic premise of GDS is to keep all trading organisations in sync by ensuring that basic product data, such as the category and description stored by one company, matches the data stored by their trading partners. Organisations are asked to submit their product data in a specified format to data pools around the globe which will then be validated against a global data registry and any changes will be flagged immediately across the trading community

GDS has, however, exposed a fundamental problem; that, in order to synchronise product data with external bodies and trading partners, this data first needs to be available and consistent internal to the enterprise. Organisations need to ensure that their internal product information is built upon a robust data infrastructure before they can consider sharing it with the outside world. It’s up to each individual organisation to take responsibility for their corporate data across the enterprise. Validating and completing the information at source is the only way to ensure that it stays correct throughout the many business applications and processes required, including those needed to partake in GDS.

Stewart Holness again comments: “The precursor to making GDS a success is Product Information Management (PIM). PIM provides the framework and processes that manage data flow throughout the enterprise, from back end systems to front end, and stores validated information in a central repository. Once there is consistency and reliability in the data it can be shared with other trading partners with confidence. At the moment too few organisations are getting their act together with their own data to make GDS a trusted component of the supply chain.”

Capgemini is forecasting that GDS could impact the bottom line by 10 – 15 percent, however, without data integrity GDS may never deliver the goods.

About Reqio Ltd.
Reqio is Europe’s leading Product Content Management software provider, enabling organisations to develop a central product data repository to store, manage and validate all product information within the enterprise. The Reqio software suite, Reqio PCM™, enables organisations to maintain, analyse and deliver a single view of product information that can be used both internally and across the extended supply chain. Rich product information is a valuable asset to any organisation that buys, sells or distributes goods and services. Reqio unleashes that information by providing a number of key technologies to support initiatives including personalised product catalogues, Punch-out support for eProcurement, supplier self-service management of product data, and global data synchronisation (GDS). Today Reqio integrates with all leading eProcurement applications, portals, web stores, CRM applications and most ERP systems. Reqio solutions are delivered to customers via licensed softwa
re or through managed services, using international partners such as Accenture, EDS and Cap Gemini Ernst & Young for large-scale customer deployments.
Reqio increases organisational profit by growing sales revenues and reducing purchasing costs and has delivered solutions to customers including the National Health Service, Scottish Government, Wyko, Mitsubishi Electric and IMI Norgren. www.reqio.com

For further information, photographs and interview opportunities, please contact:

Sue Eyles
BlueBird Associates (UK) Ltd
Tel. 01491 842940
sue.eyles@bluebirdmedia.co.uk
or
Helena Nunez
Reqio Ltd
01225 483083
helena.nunez@reqio.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Bluebird Associates in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.