Gold Standard
The Daymon Worldwide Gold Standard is a technology platform, that makes Daymon associates more effective and efficient, by providing them accurate information in real-time, so they can make confident decisions that will help drive sales and profitability and maximize the value proposition for our Customers and Supplier Partners.
The key benefits from Gold Standard fall into 4 major buckets:
1. Supply Chain Efficiency
2. New Business Development
3. Information Quality
4. Communication and Collaboration
The first step on our path towards the Gold Standard requires active participation from our business partners by sharing more complete information with us. We are looking to get copies of more EDI documents that are being exchanged today as well as obtain selected custom files including warehouse receipts, product master data, etc. We will be reaching out to our partners to talk about the initiative and discuss our data sourcing needs in more detail.
The Gold Standard Focus
1. Collecting more information from our constituents and, in turn,
providing them with value-added insights
2. Implementing best practices for data management to ensure it
is of the highest quality and that there is alignment of information
across trading partners
3. Providing easier and more user-friendly role based access
to the new systems for our associates
Leveraging cutting edge technology and utilizing the power of data, information and insights have been core priorities for Daymon Worldwide from its inception almost 40 years ago. Today, all Daymon associates have access to a wealth of category and consumer insights, global new product updates and national brand intelligence, which help them make fact-based recommendations to drive our partners’ business. But our goal is to continue evolving and improving our services and value proposition to our constituents and that is the key reason for the Gold Standard.
To read our case study on how the Gold Standard will help Daymon and our business partners identify new item opportunities, click HERE.
For further information, please contact the Gold Standard team at goldstandard@daymon.com.