Data pool
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A data pool is a centralised database, where all necessary information to perform business transactions between trading partners is stored in a standardised way.
This infornation is accessible to all trading partners in a common, simple, fast and accurate manner.
The information stored in a typical data pools master data Global Trade Item Number and GLN, as well as other core attributes, necessary for the smooth transaction of goods. For example, product description, dimensions, packaging levels, product category, company address, minimum order volume, etc.
Suppliers upload data to a data pool, which the retailers download. This communication takes place under common rules and standards, with the consideration the business agreements between trading partners.
A data pool is the common point in the communication between the trading partners, provide synchronization capability of their data.
In the Greek market, a data pool as such exist, provided by the local GS1 organisation, and is called Synchro.