ECCMA (Electronic Commerce Code Management Association) indicates in a recent press release that the International Organization for Standardization (ISO) in Geneva, Switzerland has published ISO 8000-115, a standard for authoritative and verifiable identifiers designed to improve the speed and accuracy of eCommerce and the supply chain.
This new standard which was first drafted in 2015, is described as being an integral part of insuring for data quality and a stunning new standard.
We are highlighting this development for our Supply Chain Matters readership community because of the far-reaching implications. According to the press release:
Every product or service has a “reference” or part number that is listed on the invoice or receipt that suppliers give to their customers. This line item “part number” on the receipt or invoice may be accompanied by a short description, but what few customers realize is it is also the reference for the authoritative description of the product or service, the legal description of what was purchased. It is this full legal description that buyers need if they are to find suitable products, to make an informed decision, or to account accurately for what they spend.
The update defines the three requirements of ISO 8000-115 along with their implications for product providers and respective multi-industry procurement teams.
As we view the update, every product will be electronically linked to a registered supplier identifier. Products will be linked in what is described as an Authoritative Legal Specification (ALS) which is similar in concept to Domain Network Server (DNS) linkage chaining related to Internet standard protocols.
In this new online economy, any product producer that participates in eCommerce and B2B electronic messaging processes will likely have to adhere to this new standard. There may well be benefits.
The onboarding of new suppliers and/or partners is a likely benefit since a standard supplier and linked product data protocol can help to simplify and clarify the buying relationship. More simplified master data cleanup and management can be a huge benefit, avoiding the need for a tedious and all too frequent time-consuming process. Business systems obviously benefit with more accurate information and better decision-making.