New capability brings increased supply chain efficiencies to trading
LAWRENCEVILLE, N.J. & CHICAGO, September 26 /CNW/ - 1SYNC(TM) has
announced the availability of a new 1SYNC Data Pool Solution to support the
recently approved Global Data Synchronization Network(TM) (GDSN) price
synchronization standard. This new standard was introduced by the GDSN to help
suppliers, distributors, and retailers reduce invoice discrepancies, improve
order accuracy, and introduce new products faster by automatically
synchronizing price information.
"Having the 1SYNC Data Pool Solution support the new GDSN price standard
will increase the capabilities between trading partners which leads to
stronger relationships," said Bob Noe, Chief Executive Officer, 1SYNC. "We
worked with our customers to validate the new standard and they are now
preparing to incorporate price synchronization into their business process,
which will accelerate the commercial value of their data synchronization
In both the US and European markets, 1SYNC customers, including The
Coca-Cola Company (KO), PepsiCo (PEP), The Procter & Gamble Company (PG), and
SUPERVALU Inc. (SVU), participated in the pilot in order to understand and
test the GDSN price synchronization capability within their businesses. They
successfully exchanged accurate pricing information with their trading
partners and the pilot confirmed that the standards meet the business needs of
these 1SYNC customers.
"We are looking forward to streamlining our business processes by using
1SYNC's GDSN price solution," said John Phillips, VP Customer Supply Chain &
Logistics, PepsiCo. "Having this capability will enable us to have a single
connection to exchange price information with our customers instead of
managing several custom connections."
This is a big step forward for the industry. In addition to dimensions,
descriptions, and other product attribute information, customers can use the
1SYNC Data Pool Solution to ensure accurate pricing information is
synchronized and integrated with their trading partners.
1SYNC(TM), a not-for-profit subsidiary of GS1 US(TM), offers a range of
data synchronization services that eliminate costly data errors, increase
supply chain efficiencies, and promote the advancement of next-generation
technologies, such as the Electronic Product Code(TM) (EPC). 1SYNC is
headquartered in Lawrenceville, New Jersey with offices in the US, Brazil, and
UK. GS1 US, a member organization of GS1, is dedicated to the development and
implementation of standards-based, global supply chain solutions. Visit
www.1SYNC.org for more information.
For further information:
For further information: 1SYNC Varsha Anand, +1 312.463.4018,