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APPROACH

To solve this problem, we leveraged AI Data Cleanser 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%.

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