Data Sourcing
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
Example :
| Vendor Name | Updated Vendor Name |
|---|---|
| Synthes Incorporation | Synthes Inc |
| Synthes Corporation | Synthes Inc |
| Synthes North America | Synthes Inc |
Benefits :
• Vendor Validation eliminating the chances of unnecessary chances of product duplication ultimately reduces the spend costs.
Example :
| Codman & Shurtleff Inc | Parent Company |
|---|---|
| Cordis Corporation | Johnson & Johnson |
| Depuy Inc | Johnson & Johnson |
| Ethicon Inc | Johnson & Johnson |
| Synthes Inc | Johnson & Johnson |
Benefits :
• 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.
Example :
| 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 | 294.782 | Zimmer Inc | 294.782 |
| Synthes Inc | 294.782 | Zimmer Inc | 294.782 |
Benefits :
• 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.
Example :
| 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 |
Benefits :
• Description Enrichment enhances, refines and improves raw data makes it a valuable asset for the enterprise.
Example :
| Manufacturer Name | Manufacturer Number | (Unit of Measurement) UOM | (Quantity of Each) QOE |
|---|---|---|---|
| Synthes Inc | 294.782 | EA,BX | 1,1 |
Benefits :
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.
