GLN M&A Trading Partners Implementation
Trading partners need M&A implementation guidance to ensure that subsequent use of GLNs and associated master data is based on a consistent set of terminology and best practice processes, by both buyers and sellers. And also to:
- Enable the buyers and sellers to outline key areas of responsibility and to determine what is expected, and what are acceptable results.
- Provide the basis for an open relationship between buyers and sellers as well as an understanding of accountability by both parties.
- Encourage commitment from the buyers and sellers on key activities with a common understanding of expectations.
- Contribute to a more timely and seamless M&A. This guidance will eliminate confusion on timelines, reduce multiple meanings for terms and remove the uncertainty on the management and assignment of GLNs as well as promoting standardisation of present practices and bring uniformity to activities, processes and information.
Two general factors to consider regarding the transfer of a GLN:
- If the GLN identifies a location, function or legal entity that is part of the sale, then the GLN should be considered as part of the legal transfer. The opposite is also true.
- If the GLN identifies a brand which will continue under the same name, then the GLN should be considered as part of the legal transfer. The opposite is also true. Lastly, clear and timely communication of impacted GLNs should be communicated to the other side of the trading relationship to prevent confusion and errors in transactions and shipments.
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