GS1 UK has chosen IBM to provide analytical services and technology services for the Grocery Industry Data Crunch Project, which aims to assess the business impact of supply chain data inaccuracies.
The project plans to address a knowledge gap that currently exists in the grocery industry as retailers and suppliers generally do not have a complete view of the accuracy of their data. This can lead to hidden costs within their supply chain and a lack of awareness of the business opportunities that could be available if they addressed data issues.
It is supported by the four top grocery retailers in the UK and three top suppliers who are all providing a snapshot of their supply chain master data for analysis. Over one million records are being provided by the supporting organisations, ensuring the project is one of the most in-depth supply chain data analysis studies of this type.
“This is an important project for the grocery industry as there is a significant amount of hidden cost in the supply chain from inaccurate data that has not been addressed,” said Justin Suter, retail supply chain leader, IBM UK Global Business Services.
“The Data Crunch Project aims to help the grocery industry assess it’s own data and should provide ideas to kick start initiatives and help the industry build smarter supply chains”.
IBM is providing software and related services to assist GS1 UK with the detailed analysis of product data provided by the participating grocery retailers and suppliers. IBM is also providing business consulting services to assist GS1 UK with the development of an industry business impact assessment which will be used to develop an industry white paper.