• Trevor Wetmore

Common data set crucial for supply chains

Sourced from DCN - October 23, 2018

INDUSTRY body the Australian Logistics Council says the importance of a common set of data for the national supply chain has been “underscored” in a new Discussion Paper released this week.

A Common Data Set For Our Supply Chain is the second in a series of such papers being released by the ALC to help in the development of the National Freight and Supply Chain Strategy.

“Plainly, technology and data will play a pivotal role in in the future operation of Australia’s supply chains, allowing Australia to meet its rapidly growing freight task more safely and efficiently,” said ALC interim chief executive, Lachlan Benson.

“However, to make certain that happens, there is a significant amount of work to be done to improve the quality and availability of data available to policy makers and industry participants regarding the operation and performance of our supply chains.”

Mr Benson said the Discussion Paper had been developed with industry input and set out a practical pathway for achieving this outcome via several recommendations.

“Actions include improving supply chain visibility, developing a common data standard for Australia’s logistics industry, enhancing confidence regarding the privacy and ownership of data, and aligning international data standards to boost efficiency in global trade,” he said.

“There are substantial economic benefits to be realised by focussing on these issues, as was clearly recognised by the ALC Board when it endorsed the adoption of Global Data Standards (GDS) by logistics industry participants earlier this year.”

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