Global Data Synchronization Network
The Global Data Synchronization Network® (GDSN®) is a system and organization of interoperable, certified Data Pools that enable data synchronization per GS1 System standards. GDSN interconnects trading partners across the supply chain to synchronize core product data to standard specifications. The GDSN distributes standardized product data from manufacturers and distributors to data aggregators and end-users. It enables participants to synchronize and maintain accurate product and packaging information in near real time.
GS1 Healthcare has announced a user-led initiative to implement the use of the Global Data Synchronization Network® (GDSN®) for healthcare products in a production environment. This initiative will pave the way for all stakeholders to ultimately be able to share product and location data in a standardized and globally harmonized way. For more information about this initiative, please refer to the invitation letter.
How the GDSN Works:
In the GDSN, manufacturers contribute clean, classified product information to the utility where it is verified and published for all subscribers to access. The healthcare GDSN would provide a central industry resource for standardized product data from manufacturers and distributors and enable all participants to synchronize and maintain accurate item files in near-real time from the manufacturers through the supply chain to the end user
Current facts about Data/Data Synchronization:
- Hospital item masters are constantly being updated. 30% of buyer systems are inaccurate.
- Every single day the healthcare supply chain wastes 24-30% of supply administration time on data cleaning and corrections, costing the healthcare industry billions of dollars over time.
- Buyers are sourcing products from old information.
- $2 to $5 billion are lost each year due to supply chain information inefficiencies.
- Each erroneous transaction costs $60-$80 to correct.
- 60% of all invoices generated have errors; each invoice error costs $40-$400 to reconcile.
- Erroneous data increases supply costs 3%-5%.
- Hospitals, GPOs, and suppliers already spend in excess of $5 million annually to synchronize product information, often against non-authoritative sources.
The GDSN results in reduced product cost through improved contract compliance, allowing for:
- Identification of non-contract/contract opportunities
- Increased transaction accuracy for ordering through bill payment
- Improved accuracy in product sourcing
- Increase in patient safety due to accuracy of product information
- Rapid access to information on new, discontinued, replacement and recalled products
- Accurate information to generate usable barcodes