May 26, 2021 | COLOGNE

The master data pool of the Bayard Consulting Group has now been additionally certified for the exchange of price information via GDSN.

With b-synced, business partners can now also communicate bilaterally agreed prices via the Global Data Synchronisation Network (GDSN). The master data pool of the Bayard Consulting Group has now been additionally certified for the exchange of price information via GDSN. This not only benefits companies in the consumer goods industry, but also benefits Bayard Consulting Group's numerous clients in the healthcare sector.

Directly from their ERP systems or via Excel upload, manufacturers are now able to provide their trading partners via b-synced not only with product data but also with the prices, allowances and bonuses negotiated confidentially - including all discounts, graduated prices, fees and logistics terms. Retailers can accept or reject the transmitted pricing conditions should they differ from the agreed terms.

Price Sync benefits retailers by providing the completeness and consistency of data required for orders and invoice checks. By communicating prices via GDSN retailers can simplify their processes and make them more efficient.

"With our Price Sync service, confidential price data can be synchronised far more accurately, so that retailers and their suppliers spend less time clarifying discrepancies," explains Holger Joest, Partner in the Management Team at Bayard Consulting Group.

Bayard Consulting Group

Bayard Consulting Group consultants are the independent experts for Product Information Management (PIM), Master Data Management (MDM) and the Global Data Synchronisation Network (GDSN) in retail, manufacturing and healthcare. Strategy, organisation, processes, IT, digital transformation – the experts at Bayard Consulting improve their clients' business results sustainably and noticeably. With their expertise, the specialists advise decision-makers in all corporate functions and business processes along the value chain. The combination of recognised consulting, implementation and development ensures optimal results for their clients.

With b-synced, business partners can now also communicate bilaterally agreed prices via the Global Data Synchronisation Network (GDSN). The master data pool of the Bayard Consulting Group has now been additionally certified for the exchange of price information via GDSN. This not only benefits companies in the consumer goods industry, but also benefits Bayard Consulting Group's numerous clients in the healthcare sector.

Directly from their ERP systems or via Excel upload, manufacturers are now able to provide their trading partners via b-synced not only with product data but also with the prices, allowances and bonuses negotiated confidentially - including all discounts, graduated prices, fees and logistics terms. Retailers can accept or reject the transmitted pricing conditions should they differ from the agreed terms.

Price Sync benefits retailers by providing the completeness and consistency of data required for orders and invoice checks. By communicating prices via GDSN retailers can simplify their processes and make them more efficient.

"With our Price Sync service, confidential price data can be synchronised far more accurately, so that retailers and their suppliers spend less time clarifying discrepancies," explains Holger Joest, Partner in the Management Team at Bayard Consulting Group.

Bayard Consulting Group

Bayard Consulting Group consultants are the independent experts for Product Information Management (PIM), Master Data Management (MDM) and the Global Data Synchronisation Network (GDSN) in retail, manufacturing and healthcare. Strategy, organisation, processes, IT, digital transformation – the experts at Bayard Consulting improve their clients' business results sustainably and noticeably. With their expertise, the specialists advise decision-makers in all corporate functions and business processes along the value chain. The combination of recognised consulting, implementation and development ensures optimal results for their clients.

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E: caroline.arens@bayard-consulting.com

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