Data Quality Solutions

The cost of poor quality product data is estimated to be 21 billion pounds sterling (28 billion Euros, over 40 billion US dollars), or 3.5 per cent of total sales, each year, lost due to supply chain inefficiency.

30 percent of product data in retail catalogues is flawed. On average an organization pays between 40 and 60 pounds sterling (52 to 80 Euros, 75 to 120 US dollars) per stock keeping unit, each year, to manually correct these errors. Typically this takes 25 minutes of manual effort per item per year.

Until an organization starts to take action to improve their product data management systems and product information management processes, they will continue to suffer the burden of these costs, each and every year. For a business with 1000 retail items in their catalogue (including the additional logistics data), the typical price they pay due to flawed product information is in the order of 150,000 pounds sterling, 198,000 euros or 294,000 US dollars. The annual time effort required to continually fix data quality problems is over 156 working days.

We invite you to read about how the ProAdvance Data Quality solution can help you avoid the huge costs you otherwise encounter. Please read our views on Why Take Action, or if you prefer to learn more about ProAdvance Data Quality features see our Product Overview

Click the links for more information. If you would like an informal discussion about your company product data management needs please call us on 01423 876339 or email us and we'll be happy to answer your questions and give you further information about the ProAdvance Data Quality software solution.