Ask An Expert | Mastering Item Data Accuracy: SPS Commerce Shares Insights for Retailers & Brands

03/27/24 • 33 min

SPS Commerce's Nick Schwalbach and Brandon Pierre dive deep into the critical importance of item data accuracy for retailers and brands in today's fast-paced, omnichannel landscape. Discover how gaps in item information can lead to supply chain inefficiencies, missed sales opportunities, and poor customer experiences.

Schwalbach and Pierre discuss the challenges retailers face when relying on manual processes and disparate systems like Excel and EDI for managing item data. They emphasize the need for effective vendor collaboration and the adoption of standardized data pools such as GDSN and GS1 to streamline data exchange and ensure consistency across channels.

Learn how retailers can tackle specific business problems, such as optimizing freight and reducing dimensional weight charges, by focusing on critical item attributes. The duo also shares best practices for seamless new item setup and the importance of aligning e-commerce and in-store experiences through accurate and complete item data.

As consumer demands evolve and government regulations like ESG, FISMA, and traceability requirements come into play, having a solid foundation of item data becomes increasingly crucial. Schwalbach and Pierre offer actionable advice for retailers and brands looking to embark on their item data accuracy journey and position themselves for success in the ever-changing retail landscape.

#SPSCommerce #NickSchwalbach #BrandonPierre #ItemDataAccuracy #OmniTalkRetail #Retailers #Brands #ItemInformation #PIMs #EDI #SupplyChain #Excel #ManualProcesses #VendorCollaboration #DataPools #GDSN #ExtendedAttributes #GS1 #SupplierLanguage #RetailLanguage #DataGaps #BusinessProblems #DimensionalAttributes #FreightOptimization #NewItemSetup #Ecommerce #Omnichannel #InStoreDigitalSignage #DataJourney #GovernmentRegulations #ESG

Previous Episode

Fast Five | TikTok Search Commissions, Walmart+ Self-Checkout & Something From Shein Called ‘SCaaS’

In this week’s Omni Talk Fast Five retail news roundup, sponsored by the A&M Consumer and Retail Group, Wiliot, Avalara, TGW, and Sezzle, A&M’s Abhinav Chandra and Ben Lowden joined Chris and Anne to discuss:

TikTok paying creators commissions based on how well their content shows up in search (Source: The Verge)
The serendipitous position Walmart+ affords Walmart in regards to self-checkout (Source: Supermarket News)
Nike’s refocus on wholesale (Source: Retail Dive)
Shein introducing its “Supply Chain as a Service” offering to U.S. retailers (Source: WSJ)
And closed with an examination of what Amazon same-day pharmacy delivery means for CVS and Walgreens (Source: CNBC)

There’s all that, plus some pub for our soon to be released podcast with Aldi’s VP of National Real Estate that Chris and Anne recorded live at RetailSpaces, college courses on Metallica, and just how much Ben was a true Dungeon & Dragons fan in his youth.

P.S. We are also gearing up for CommerceNext out in NYC in June. Scaled retailers and brands can register for FREE with code “FASTFIVE” in the referral field. Secure your spot now — head to commercenext.com/conference/ and don’t forget to use FAST FIVE.

P.S. Be sure to check out all our other podcasts from the past week here, too: https://omnitalk.blog/category/podcast/

P.P.S. Also be sure to check out our #1 podcast ranking in all of retail on Feedspot

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Next Episode

Fast Five Shorts | How Scared Should Google And Amazon Be About Tiktok Search Commissions?

In the latest edition of Omni Talk’s Retail Fast Five sponsored by the A&M Consumer and Retail Group, Avalara, Wiliot, TGW, and Sezzle, Chris Walton, Anne Mezzenga, and guest hosts from the Alvarez & Marsal Consumer and Retail Group Benjamin Lowden and Abhinav Chandra discussed: How Scared Google And Amazon Should Be About Tiktok Search Commissions

For the full episode head here: https://youtu.be/17eGHgSsPSA

This podcast uses the following third-party services for analysis:
Podcorn - https://podcorn.com/privacy