Item data exchanged between manufacturers and distributors in the electrical industry contain significant errors, according to a report released by the Industry Data Exchange Association. The report was the result of a study conducted to determine the level of synchronization of item data exchanged between manufacturers and distributors in the industry.
The data synchronization study demonstrates that there is a wide degree of variance between the trading partner’s item data causing significant financial and supply chain problems in the industry. According to the study, 60 percent of the items submitted by manufacturers do not accurately match those in their trading partner’s files costing companies in the industry hundreds of millions of dollars in increased transaction costs and lost sales.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access