Business initiatives such as ERP system consolidation, enterprise spend management, total productivity management (TPM) and improving overall equipment efficiency (OEE) have one thing in common. That is dependency on a clean, classified and attribute enriched master data. Master data that is wrongly classified can result in:
Increased inventory & procurement costs
Decreased plant & equipment availability
Bloated vendor base due to similar entries
Payment & taxation related errors/frauds
To prevent such a system collapse, it is essential to consolidate, rationalize/normalize and enrich material and vendor master data that can be transformed into a source of competitive strength for these enterprises.
Enriched Item Master = Efficient Enterprise
Creation of a centralized enriched Item Master
Accurately,granularly classified, De-duplicated, Attribute rich item records
Supported business initiatives
Improved cross plant inventory Visibility.
Higher OEE.
Increased supply chain fulfillment.
Increased requisitioning, sourcing and usage efficiency and accuracy.
Competitive edge
Faster and efficient supply chain.
Superior relationship among partners in supply chain network.
Lesser new part introduction.
Better utilization of design and development resources.
Faster time to market.
Increased number of product variants.
Identification and consolidation of duplicate items.
Ongoing avoidance of false stock-outs.
Effective item master creation, editing and search
Knowledge Hub
