What are the financial benefits of synchronizing data?
• Supply Chain & Logistical • 1-3% reduction in supply chain costs1 • 2-8% reduction in inbound & outbound freight costs2 • Operational efficiency • Reduced invoice error resolution costs ($150/error)1 • 40-60% reduction in manual entry time1 • 40% reduction in error rate1 • Financial • 80+% reduction in DSO (Data Synchronization Optimization)1 • 5-15% reduction in material costs by standardizing specifications1 • Sales productivity: 25%-55% reduction in time spent on data related questions2 • Reduce new product introduction time (concept – to – shelf) by 2 weeks1 1″Data Synchronization has Simply Become a Cost of Doing Business,” AMR Research, 2003 2″Synchronization—The Next Generation of Business Partnering,” Accenture, 2006
