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Creating value for CPG brands starts with optimizing the value of CPG data.
The proliferation of new apps, platforms and services has been reshaping consumers’ shopping behavior for years. Responding to consumer demands with agility, leveraging new technology and unified commerce requires a trusted data foundation.
Master data management (MDM) helps CPG companies govern their data to make it fit for commerce, compliance, supply chain optimization and analytics.
"MDM initiatives continue to progress as a foundational component of digital transformation programs. Leading organizations draw a causal link between their master data (such as parties, products or assets) and the business outcomes it supports, including:
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When data moves quickly and confidently to meet retail partners’ needs, products move fast, too. Your speed to market depends on your ability to share high-quality data with retailers and distributors.
Delivery of complete, consistent and accurate content enables good customer experiences and profitable relationships with retailers.
Stibo Systems’ data syndication tool allows you to build robust and streamlined processes to share product data with retail partners and other channels, such as Amazon, 1WorldSync, Nielsen Brandbank, Walmart, Meijer, Manutan, Office Depot and many more.
Automated product data syndication enables time saving, reduces manual processes, minimizes errors and allows your business to scale.
Digital transformation depends on your ability to leverage trusted information sources across the organization.
Your data foundation and processes are key to becoming data-driven and developing new opportunities for efficiency and growth, including:
The CPG industry needs to provide substantial responses to purpose-driven shopping, as well as to institutionalized concerns for local communities and the climate, such as expressed in the UN’s Sustainable Development Goals.
Sustainability demands have fostered a new set of master data attributes that must be managed, including certificates, packaging information, raw material data, sourcing data and information about disposal or recyclability.
An MDM solution can help CPG companies integrate supply chain systems and set up workflows to ensure that all relevant data is captured, cleansed and made available for stakeholders. The integral data governance capabilities enable:
As online shopping continues to grow, CPG companies need to develop and strengthen direct-to-consumer (D2C) strategies, a process fraught with both opportunities and challenges. Competing against consumer brands requires a new level of data agility. This includes procurement of rich and localized product content, that enables consumers to make buying decisions.
An MDM solution provides governance of data and processes that helps you accelerate sales across channels and capture more of the ecommerce market.
A D2C strategy fueled by high-quality data allows you to:
CPG companies have complex supply chains with many movable parts that generate data. By integrating suppliers into the master data repository, consumer goods manufacturers can streamline the data supply chain and ensure approvals and compliance.
Use an MDM solution to:
Newell Brands is a leading global consumer goods company with a strong portfolio of more than 100 well-known brands. Eric Long, Director of Global Ecommerce at Newell Brands, explains why they chose Stibo Systems’ solution, to centralize their product master data.
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