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Reliable digital product data exchange for the entire supply chain

Can you, hand on heart, vouch for the quality of your supply chain data?

Do you trust the product data passed on to you from third parties?

What efficiencies could you achieve if you could trust the accuracy of your MRO product data – with minimum effort required?

In the current age of digital transformation, this is no longer a pipe dream, it is a reality, thanks to the KOIOS Specification Library

The digital data journey

Industrial equipment and parts product data faces a long journey through the supply chain, from manufacturer, to distributor, to end user.

On its way it must wade through a multitude of different systems and lanugages – and survive countless human interpretations.

It is little wonder that it rarely survives its journey intact.

As data quality gets chipped away through the chain, the ripple effect can be distruptive for all involved.

Efficiencies and relationships suffer, the wheels of industry inevitably slow down.

KSL – the digital data exchange solution

Poor quality data is a threat to industry efficiencies and digital transformation, but it is not all digital doom and gloom.

We are in the midst of a digital revolution and the solution is within our grasp.

We have created the KOIOS Specification Library to be the trusted source of MRO product data for the entire supply chain.

It supplies accurate and reliable product data that comes directly from the manufacturer, creating a single version of the truth.

KSL is the only data software that is compliant with international standard ISO 8000, and produces data in an open, machine readable format, meaning that it can be exchanged between different computer systems without loss of meaning.

Quality digital data exchange relies on collaboration

At KOIOS we believe that software is only part of the solution. The real key to achieving quality data exchange is collaboration.

With all of the major players in the supply chain working together, we can achieve a new international standard of data quality.

We all – manufacturers, distributors, end users AND data software providers – have a responsibility to safeguard the future of industry in this new digital age, and data quality is absolutely key.

KOIOS is committed to leading and facilitating a new standard of data quality, to support both organisational and industry-wide digital transformation goals.

What can the KOIOS Specification Library do for me?

The KOIOS Specification Library is the future of digital data exchange. It exists as a content provider to guarantee data quality, drive efficiency in the supply chain, and to support organisational and industry-wide digital transformation goals.

Manufacturers

The effect of poor quality data

Data that is not fit for purpose can result in fruitless search results for the distributor and end user, causing frustration and preventing them from sourcing and purchasing goods. This casts the manufacturer’s brand in an unfavourable light, and directly hits their bottom line.

The benefits of the KSL:

KSL delivers data quality to international standards that is universally understood throughout the chain.

This enables faster, more accurate ordering for distributors and end users. It also helps support the customer’s e-commerce and digital transformation goals, encouraging a pattern of re-ordering.

Distributors

The effect of poor quality data

Distributors rely on accurate data to enable end users to source their product. When the product is described inconsistently, the purchase relies on the expertise of the buyer to search for what they are looking for. This can lead to loss of sales and a poor customer experience.

The benefits of the KSL:

KSL facilitates successful e-commerce, by using trusted manufacturer’s data, and searchable product attributes.

It does not rely on the knowledge of the purchaser to hunt down the correct product. so the ease of ordering and re-ordering is improved.

As the data is gathered at source, KSL is a one-stop-shop, eliminating the need to amass data from multiple third parties.

End users

The effect of poor quality data

Confusion reigns, as end users are unable to order parts with confidence or accuracy. Project timelines suffer, costs escalate and time is wasted on the endless need to re-enter data. It is a frustrating cycle that slows the progress of digital transformation goals.

The benefits of the KSL:

KSL enables the end user to make accurate forecasting and purchasing decisions, increasing their efficiency and productivity.

It also supports digital transformation goals and the timely completion of projects.

What sets the KOIOS Specification Library apart?

There is plenty of clever product data software out there, but none can compare with the integrity and reliability of the KOIOS Specification Library. KSL is unique for two reasons:

1. It is the ONLY data management software that uses trusted product data directly from the Manufacturers.

Traditional software is often populated with data sourced from the internet, exposing it to the risk of misinterpretation. This of course, creates inconsistency and confusion, as distributors and end users further translate the data to suit their own systems and software. Thus, the journey of data degeneration begins, and the problem escalates as it moves further down the chain.

KOIOS believe that the only route to consistent, accurate and trustworthy data is by adopting a bottom up approach. KSL uses data from source only, ie. the manufacturer, which locks in accuracy right at the start of the chain and creates a single version of the truth for all users in the chain. Better still, data only needs to be uploaded one time, saving countless man hours.

2. It is the ONLY data management software that delivers product data that complies with International Data Quality Standards.

KSL is the only product data software that delivers data in an ISO 8000 compliant format. Data is supplied in an open, machine readable format so it can be easily transferred between different computer systems. It is also available in multiple languages, supporting global e-commerce.

The KOIOS team is represented on several ISO working groups, so your data really couldn’t be in better hands.

Frequently asked questions

Do I need to be a user of other KOIOS software to benefit from the KOIOS Specification Library?

In short, no. KSL has been designed as a content provider that can populate existing software with data which complies to International Data Quality Standards. So your organisation, or clients, can enjoy clean, reliable and credible data by subscribing to the KOIOS Specification Library only, without major upheaval.

As a manufacturer, why should I give KOIOS access to my data?

We believe that data quality is reliant on the collaboration of all players in the supply chain, beginning with extracting accurate data from the manufacturer.

When data is sourced from elsewhere (usually via the internet), it is at the mercy of the individual uploading parts information to interpret it, and input it accurately. It is not difficult to see how the description can lose all meaning once it passes through several pairs of hands, especially if they have little or no knowledge of your product.

When you Google your products, we’re certain you find the description varies from supplier to supplier. Which is confusing enough, and that is before it enters the computer systems of end users. We find that data is, more often than not, inconsistent, misspelled, duplicated or entered in terms that are simply unsearchable. That is without the added complication of translation between languages and computer systems.

This all adds up to prevent the successful re-ordering of your product. If you put yourself in the shoes of the distributor or end user, this can be incredibly frustrating, giving a negative impression of your brand.

KSL works by using your data to populate systems throughout the entire supply chain, in a format that is free from misinterpretation and loss of meaning. The simple outcome is that those further in the chain can search for your product successfully and make informed purchasing decisions that support their objectives.

KSL is a growing distribution platform, and early adopters will benefit from being on the front foot of this new standard of data exchange. Contribution to KSL is free of charge, and KOIOS will only ask for data that is already in the public domain. So for manufacturers, it is a win-win situation.

Join us

As we hurtle through Industry 4.0, the need for collaboration is ever pressing. The time is now. To be at the forefront of this new age of data quality and digital transformation, contact the KOIOS team.

Or contact

Peter Eales

e: peter.eales@koiosmasterdata.com

Matt Fancourt

e: matt.fancourt@koiosmasterdata.com

Our services

ISO 8000 training

ISO 8000 is the International Standard for Data Quality, covering the exchange of master data, data governance and best practice for master data management. Members of the KOIOS Master Data team are actively involved in the development of International Standards for ISO, as subject matter experts and project leaders. Therefore, we are uniquely positioned to share our insight and knowledge through training. Please contact us to find out how we can share vital insight to you and your organisation on harnessing the power of international standard data.

ISO 8000 training

ISO 8000 is the International Standard for Data Quality, covering the exchange of master data, data governance and best practice for master data management. Members of the KOIOS Master Data team are actively involved in the development of International Standards for ISO, as subject matter experts and project leaders. Therefore, we are uniquely positioned to share our insight and knowledge through training. Please contact us to find out how we can share vital insight to you and your organisation on harnessing the power of international standard data.