APPROACH

To solve this problem, we leveraged Sancus to –

  • Validate and cleanse country-specific supplier database. The native languages were handled using a customized pre-processing framework.
  • Once each country had a unified supplier database, a global matching solution was developed to identify similar suppliers and bucket them into clusters, or create hierarchies as required.

KEY BENEFITS

  • A unified supplier database helped the client create comprehensive supplier scorecards & identify priority suppliers.
  • The procurement team was able to revamp existing processes due to the intelligence developed from historical transactions.

RESULTS

  • 15% of poor performing suppliers were removed from the priority procurement list; the key supplier contact information was validated, enabling a 7% reduction in shipment times.
  • Improved data quality KPIs (data completeness, product & revenue mapping etc.) by 28%.

[wpli_login_link class='et_pb_button et_pb_button_0 et_pb_module et_pb_bg_layout_dark' text='Download this Case Study' redirect = 'https://www.tredence.com/case-study/how-tredence-inc-simplified-global-supplier-master-data-to-streamline-procurement-and-reduce-supply-base-for-a-large-cpg-firm?download=true']