1SYNC Data Pool Certified for GDSN Price Synchronization

9/27/2007

1SYNC announces the availability of a new 1SYNC Data Pool Solution to support the recently approved Global Data Synchronization Network (GDSN) price synchronization standard. This new standard was introduced by the GDSN to help suppliers, distributors and retailers reduce invoice discrepancies, improve order accuracy and introduce new products faster by automatically synchronizing price information. In both the United States and European markets, 1SYNC customers, including The Coca-Cola Company, PepsiCo, The Procter & Gamble Company and SUPERVALU Inc., participated in the pilot to understand and test the GDSN price synchronization capability within their businesses. They successfully exchanged accurate pricing information with their trading partners and the pilot confirmed that the standards meet the business needs of these 1SYNC customers. "We are looking forward to streamlining our business processes by using 1SYNC's GDSN price solution," says John Phillips, VP Customer Supply Chain & Logistics, PepsiCo. "Having this capability will enable us to have a single connection to exchange price information with our customers instead of managing several custom connections."