The best standards and formats for exchanging product data

For successful retail companies, the procurement of high-quality, up-to-date and – above all – correct supplier data, especially product information, is becoming an increasingly decisive competitive factor.

Standards have already established in some industries, while others are only now starting to implement digital business processes for business communication between suppliers and customers. In many cases, the daily routine of “obtaining” product data is an elaborate manual process which often consists of creating meaningful product data from heterogeneous piles of information (Excel lists, PDFs, Word files, etc.) and distributing it to the different sales channels.

This article aims to shed light on the issue of data formats for exchanging product data and implementing digital business processes. We therefore present a compilation of the most important standards to give you an impression of the formats that are particularly suitable for your industry, your company and your specific application.

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