Did you see the news item about Tesco accidentally “paying almost £1 million for six bikes which should have cost less than £1000.”
In this day and age mistakes like this should not be made, and I refer back to my blog earlier this month, and the quote from the GS1 UK’s ‘Data Crunch’ report, which “estimates that UK grocery retailers and suppliers can realise savings of at least £1 billion over the next five years as data inconsistencies are ironed out across the industry and pass the benefits to consumers through better informed choices and improved shopper experience.”
Perhaps EDI is not enough and UK retailers should move towards Global Data Synchronisation in the same way that the US retailers have already done. GS1 are a great source of information for this.
“Data synchronisation is simply a process that enables the seamless flow of product information through the supply chain. It ensures that suppliers and retailers use the same product information at all times.” This includes pricing and could have prevented Tesco from the embrassing headline.
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30 November 2009 at 2:30 pm |
[...] It’s enough to make anyone have a lie down – Tracey’s second post of the week discusses a recent mistake Tesco made recently when they paid almost £1 million for six bikes which should have cost less than £1000.” [...]