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Material Catalog is a Gateway to Operational Excellence and Strategic Procurement

Fuel the Enterprise with Clean Master Data u2013 Consolidated Product Spare Parts Master<br>

Verdantis
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Material Catalog is a Gateway to Operational Excellence and Strategic Procurement

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  1. Fuel the Enterprise with Clean Master Data – Consolidated Product Spare Parts Master Today’s Technology and Services to drive material data performance. Data strategy and systems delivery backed by deep domain expertise A Material (Product Spares and Item) Catalog is a Gateway to Operational Excellence and Strategic Procurement Copyright © 2024. All Rights Reserved.

  2. Material Master Data – Improve PerformanceCommon Drivers for Consolidated Catalog: Data quality for new ERP/EAM, acquisitions, equipment and locations Improving inventory levels and visibility across global locations Global management of enterprise businesses Improving global sourcing through more effective intelligence and data • Verdantis MDM solutions are designed around these three criteria. • Reduce Costs and Drive Business Value: • Ensuring the business has the right processes and data to realize improved value in their operations. • Master Data Compliance and Standards: • To assure enterprise compliance and a single view of the company’s Master Data. To most effectively utilize resources for data quality, maintenance and approval processes • 3. IT Standards and Compliance: • Furthermore, to assure that the MDM solution cooperates with IT standards and solutions for enterprise architecture, security and applications. Copyright © 2024. All Rights Reserved.

  3. Dirty Item Master Data Material Group Code Input Data 3MM 050 3MP 100 3PM 110 3PN 133 3019 • What is dirty data? • Poor unstructured descriptions with limited attribution • Inaccurate or non-existent Spend classification or noun modifiers • Inconsistent abbreviations and UoM • Lack of manufacturing name and part number • Duplicates BALL BEARING SKF, 6316RS BEARING BALL, 65MM ID X 140MM OD X 33MM BEARING,BALL,50MM ID X 96.5MM OD , 5212 FAF BEARING, BALL, AR23144CKYW,SKF BEARING,BALL,, 30MM ID Copyright © 2024. All Rights Reserved.

  4. Common Material Projects – Historic Core Components • Data Standards: • Classification, Taxonomy, Noun Modifier • Specifications/Data Template • Type, RPM, Hertz, Frame, Voltage • Additional information like application and nick names. • Critical and Non Critical Attributes • Abbreviation Dictionary • UOM Dictionary • Short and Long Material Description • Material Group, Mfr. Name & Part Nbr. • Local and Department Views • Standards • Data • Data Ownership • Data Stewardship/Governance • Process, Automation or Methodology and Resources for Project • Non-source enrichment • Approval Processes • MDM/ERP repository Copyright © 2024. All Rights Reserved.

  5. Central Consolidated Item Catalog • A single Master Item ID with extension to multiple sites/plants and optional links to multiple preferred suppliers • Items set up to standards reflected in short and long descriptions. • Local plant and department viewscentrally maintained. • Relevant Items kept in multiple languages as required. • Synchronization to single or multiple ERP/EAM/MDM systems • A governance process and plans to keep to standards as new Items are added. New Part Requesters at Edge of Org. ERPs Central Item Master Repository with MDM Automation System Synch EAMs eProcurement Enterprise Touch Points Manufacturing,Accounting, Maintenance, Services,Compliance, Procurement, Engineering, Suppliers Data Quality Solutions Copyright © 2024. All Rights Reserved.

  6. Material Master Data –Drive Performance “A Material (Product Spares and Item) Catalog is a Gateway to Operational Excellence and Strategic Procurement” More efficient search Cross plant / business unit visibility Create new parts without duplicates Reduce inventory costs Reduce engineering costs Enhanced spend management Verdantis Short Description Verdantis Long Description Copyright © 2024. All Rights Reserved.

  7. Tag Verdantis Automated Material Data Management Solutions Data & Industry Domain Expertise Project Management Systems Integration BI Reporting and Analysis MDM and Catalog ConsultingBusiness Case DevelopmentProfessional Services Copyright © 2024. All Rights Reserved.

  8. Copyright © 2024. All Rights Reserved. Location: 103 Carnegie Center, Suite 300, Princeton, NJ 08540 Telephone: +1 (866) 987-4463 (USA) Email: info@verdantis.com Get In Touch www.verdantis.com

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