Many enterprises deal with large volumes of inventory
data scattered across locations, poorly maintained
and often laden with inconsistencies.
It is common to find incomplete and ambiguous descriptions
restricted to a single text field for the same inventory
items across multiple enterprise applications (purchase
requisition, supply management, ERP etc), resulting
in mis-classification or / and duplication of master
data.
The lack of up-to-date, uniform and accurate master
data leads to poor management of spend & supply processes,
causing business incompetence, operational inefficiencies
and avoidable productivity losses.
Defining ‘Data Cataloging’
Data cataloging involves identifying
the items to a standard like the eOTD (ECCMA Open
Technical Dictionary); extracting, standardizing,
normalizing and sometimes even enriching these values
from sources other than the legacy description; classifying
these items using global item classification standards
like UNSPSC for the purposes of spend analysis, inventory
rationalization, optimization of supply spends and
inventory management processes.
Benefits of Cataloging data
Cataloging or standardizing enterprise master data
to international standards like the eOTD significantly
increases the efficiency of available data for any
ERP system, by removing duplicates and eliminating
inconsistencies.
In short, data cataloging transforms data that is
unstructured, ambiguous, inconsistent and hence cannot
be used for making any informed decisions, into highly
standardized and actionable information ready for
use!
Cataloging
legacy data helps
Standardize
records across locations and applications
Easily share
information with trading partners
Perform
enterprise-wide spend analysis
Significantly
improve the efficiency of ERP system
Monitor
item spend and utilization patterns
Spot savings
opportunities
Perform
item reduction studies
Better sourcing
& contracting
Part substitution
& interoperability
Better insights
for material management
Increase
overall productivity & efficiency
Data Cataloging Services from Banyan Solutions
Banyan Solutions is ISO 8000 – 110 certified and
a specialized service provider with vast experience
in cataloging and standardizing master data using
eOTD and other industry standards. Banyan uses in-house
tools for cataloging purposes and has an in-house
database of over a million items already coded to
international standards. This database also acts as
reference to catalogue items. No additional tools
are required at the client side and usually files
are provided in an output format most suitable for
the client. We also provide SAP load file format,
if specified by the client, where the data is to be
loaded into SAP. Our data cataloging solutions complies
with the ISO 8000 – 110.
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