Data sourcing is the broader term and main footstep for the master data management identifies the best source of the spend (Vendor/Manufacturer). Data sourcing is a structure formed by many processes like Vendor Validation, Parent/Child Relationship, Product Duplication, Description Enrichment, Packaging Updation.
- Vendor Validation
- Parent/Child Relationship
- Product Duplication
- Description Enrichment
- Packaging Updation
|Vendor Name||Updated Vendor Name|
|Synthes Incorporation||Synthes Inc|
|Synthes Corporation||Synthes Inc|
|Synthes North America||Synthes Inc|
• Vendor Validation eliminating the chances of unnecessary chances of product duplication ultimately reduces the spend costs.
|Codman & Shurtleff Inc||Parent Company|
|Cordis Corporation||Johnson & Johnson|
|Depuy Inc||Johnson & Johnson|
|Ethicon Inc||Johnson & Johnson|
|Synthes Inc||Johnson & Johnson|
• Mapping of the Parent-Child relationship and merger-acquisition scenario represents the spend pattern and provides deep enough view for identification of actionable strategies by leveraging total spend with the parent supplier.
|Original Vendor Name||Original Vendor Number||Updated Vendor Name||Updated Vendor number|
|Synthes Incorporated||294.782||Zimmer Inc||294.782|
|Synthes Corporation||294.782||Zimmer Inc||294.782|
|Synthes Inc||294.782||Zimmer Inc||294.782|
• Savvy’s statistical data mapping eliminates the risk of duplication. This de-duplication of products decreases the chances of ordering and over spending and paying for the same products and services.
|Information||Manufacturer Name||Manufacturer Number||Description|
|Original||Synthes Inc||294.782||Scrw 5.0 self-drl|
|Updated||Synthes Inc||294.782||5.0 mm Self-Drilling Schanz Screws, MR Conditional, Length 100 mm|
• Description Enrichment enhances, refines and improves raw data makes it a valuable asset for the enterprise.
|Manufacturer Name||Manufacturer Number||(Unit of Measurement) UOM||(Quantity of Each) QOE|
Packaging Information provides custom packaging solutions to the enterprises, helps them to improve their supply chain performance and enabling them to ordering the products in strategic manner.