A six month study into the current and future data requirements of the fast moving consumer goods (FMCG) and retail supply chains in Australia and New Zealand.
FMCG and retail supply chains are being impacted by dynamic product ranges, increasing demanding consumers, an onerous regulatory environment, and the adoption of transformative technologies – all in the face of increased competition.
With this as the backdrop the Trading Partner Forum (TPF), in partnership with KPMG, sought to examine and understand the complexity of managing data integrity and alignment between trading partners, with an eye on the current realities and future requirements of data management in the sector.
“Managing data integrity and alignment between trading partners within the industry is not simple. As supply chain becomes more automated, more complex, consumers start demanding more information, alternate routes to market open up, and regulators become more demanding, the importance of trusted data will accelerate.”
Within these focus areas the TPF conducted a deep dive into Product Master Data (PMD). The complexity of managing data integrity and alignment between trading partners results in significant inefficiency and risk for retailers and suppliers across operational and cost considerations. This risk will accelerate as the supply chain becomes more automated and complex through advanced distributions centres and new channels to market.
It is important to note that despite these challenges the supply chain still operates sufficiently, however the industry could be operating more efficiently. The report exposes opportunities to deliver efficiency improvements through understanding, identifying and prioritising the root causes of misalignment; quantifying the impacts; and developing improvement opportunities.