For Global Spend Optimization
Increase purchasing power for improved pricing and terms.
The Problem
Lack of visibility into global spend prevents maximizing purchasing power and inhibits strategic sourcing initiatives that capitalize on a company’s full size and scale.
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Poor raw material master data inhibits many procurement excellence activities like consolidating spend, renegotiating pricing, making strategic decisions around sourcing or backup vendors, and eliminating risk for single sourced materials.
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Disparate and incomplete raw material data is particularly exacerbated by multiple ERPs, regions that operate independently, independent business units, M&A activity and inconsistent data stewardship practices.
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Without clean, consistent master data, identifying identical materials being purchased at different prices, similar materials, like-for-like replacements, duplicates and even materials sold by multiple vendors but manufactured by the same company can be difficult if not impossible to identify.
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Calculating total global annual spend (or volume) on a given chemical or category can also be difficult.
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The Solution
Establish clean, normalized and enriched raw material master data to improve visibility into global spend and unlock procurement excellence initiatives.
01
Consolidate raw material portfolio into a single source of truth. If raw material data is stored in multiple ERPs or regions, consolidate in a single PIM or MDM tool.
02
Establish a clean hierarchy of supplier, manufacturer, brand, product, and SKU. Eliminate duplicates and outdated information. Enrich records with technical properties, specifications, certifications, and all relevant product information.
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Use clean data to identify opportunities to consolidate spend, renegotiate pricing, and leverage newly found purchasing power.
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Easily identify single sourced materials. Leverage tools such as online marketplaces, automat or existing vendors to source backup sources.
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Positive Business Outcomes
Increase purchasing power for improved pricing and terms.
01
Consolidated and optimized spend.
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Decreased risk from single soured materials.
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How We Do It

Step 1
Create a global hierarchy of supplier, producer, brand, product and SKU
Step 2
Associate all documents with respective materials
Step 3
Extract, structure and normalize all raw material attributes, data, and specifications
Step 4
Identify duplicate, similar, replacement and unique raw materials
Step 5
Identify disparities in price by region or business unit
Step 6
Return on Investment
Reduced raw material costs by 1-5%
Minimized risk of plant shut down due to material availability or price volatility