Glossary

The Global Data Synchronization Network (GDSN) is a network of certified data pools that enables product information to be captured and exchanged in a secure environment conforming to global standards. The standards body that governs the GDSN is GS1.

The Global Data Synchronization Network (GDSN) was created as an industry endorsed initiative to overcome product data inaccuracies and increase efficiencies among trading partners and their supply chains.

A Global positioning system (GPS) receiver uses signals from a set of US satellites to calculate its geographic location and establish the reference time.

GPS receivers are built into a wide variety of devices, including cell phones, navigation devices, vehicle tracking systems. Similar global systems have been established by the EU (Galileo), China (BeiDou) and Russia (Glonass); and regional systems by Japan (QZSS) and India (IRNSS); however GPS is more widely used.

Globalization is a widely used term. When used in an economic context, it refers to the reduction and removal of barriers between national borders in order to facilitate the flow of goods, capital, services, and labour (for example the harmonization of standards). When used in relation to manufacturing and supply chain, it often refers to outsourcing and offshoring production to low cost regions.