How Tredence Inc. Simplified Global Supplier Master Data to Streamline Procurement and Reduce Supply Base for a Large CPG firm Data Cleansing: A New Approach to Unify, Cleanse and Manage Global Master Data. Tredence

CASE STUDY

How Tredence Inc. Simplified Global Supplier Master Data to Streamline Procurement and Reduce Supply Base for a Large CPG firm

SUMMARY

Client is a global consumer goods company co-headquartered in London, United Kingdom, and Rotterdam, Netherlands.

Its products include food and beverages, cleaning agents, beauty products, and personal care products.

The client had supplier networks located across the globe and was undergoing an effort to rationalize suppliers and create a unified database to improve procurement.
The challenge lay in validating and matching suppliers located in international locations where information was stored in native languages and required a large amount of manual effort to match.

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%.