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Article: Data errors could add up to #1bn grocery bill.
- Article from:
- Logistics Manager
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Britain's grocery retailers and suppliers can save #1 billion over the next five years through improving supply chain data practices, according to GS1 UK.
By comparing the product data held by suppliers with that stored on the supermarkets' systems, the research uncovered inconsistencies in what should have been identical information in over 80 per cent of cases.
After calculating the impact this has in terms of lost or late deliveries, inaccurate orders, surplus transport costs and duplicated work, GS1 UK found the savings opportunity for the retail industry was more than #700 million and a further #300 million opportunity for new sales.
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