Master Data Governance Archives | ۿ۴ý The design Experts Mon, 04 Jul 2022 19:08:46 +0000 en-US hourly 1 ۿ۴ý wins contract to support Inventory, Procurement, and Warehouse cost reduction for a Gold Mining company in North America /news/enventure-wins-contract-to-support-inventory-procurement-and-warehouse-cost-reduction-for-a-gold-mining-company-in-north-america/ Mon, 05 Jul 2021 08:14:57 +0000 https://enventure.com/?p=18701 Portsmouth, NH; July 05, 2020 – ۿ۴ý has been awarded a contract to identify parts and assets specifications, and classifications, to enable accurate spend, and

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Portsmouth, NH; July 05, 2020 – ۿ۴ý has been awarded a contract to identify parts and assets specifications, and classifications, to enable accurate spend, and thereby understand opportunities in – inventory, procurement and warehouse.

The client has mines in North, Central and South America, the client holds a significant share in gold, supplies across the globe with multiple mines.

The major challenge for the client is their supplier have been supplying the MRO parts with multi-year contracts, yet not been able to identify what make, model they are purchasing, barring just the generic part category e.g., a bearing, or a gasket, or a belt without specifications.

ۿ۴ý estimates that the company may have been purchasing items that would already be available in their warehouse, and from the data analysis, this percentage we believe will be higher than normally present. All the while the company was making ‘procurement and spend’ decisions basis the data they had, and during the engagement they discovered that ‘they do not know what they are buying’.

The approach to address this challenge is by working on that data in phases – by site, by category, which is critical for the success of the project. During the engagement we understood both from the data and the client that the origins of this challenge is due to – multiple formats, multiple systems, multiple bad actors, and acquisitions. This caused them to rethink their entire procurement strategy.

Also put forward an important question – ‘How is their risk with managed?’ The managed MRO Data offering includes – Data Enrichment, Classification, Real-time integration, and ongoing governance. The entire package is enabled with a combination of an online platform – Partlinq®, to automate workflow management – and a dedicated team of MRO Engineers, Data Catalogers, ERP Material master specialists.

“At ۿ۴ý, we aim to address two critical aspects for the company viz., Reduce risks and Reduce procurement costs. And to achieve this, we begin with delivering good quality data which is cleansed, classified, enriched, and by eliminating duplicates”, says Joseph Santosh – Head of Partnerships & Solutioning, ۿ۴ý.

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ۿ۴ý awarded MRO Master Data Governance contract from a Global Leader in Cosmetics and Skincare /news/enventure-awarded-mro-master-data-governance-contract-from-a-global-leader-in-cosmetics-and-skincare/ Fri, 24 Jul 2020 01:00:27 +0000 https://enventure.com/?p=13902 Portsmouth, NH July 24, 2019 – ۿ۴ý was awarded a Master Data Governance management project with the global leader in cosmetics and skincare. ۿ۴ý will

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Portsmouth, NH July 24, 2019 – ۿ۴ý was awarded a project with the global leader in cosmetics and skincare. ۿ۴ý will deploy its proprietory cloud-based MDG platform – Partlinq MDG – to manage the on-going MRO data governance to improve data accuracy and consistency integrated with Maximo EAM, optimize supply chain operations, and lower inventory costs.

The client is a global leader in beauty products such as cosmetics and skincare, with sales in over 150 countries and 30+ brands under its umbrella. An R&D led company with superior quality products and their need is to optimize supply chain and maximize operational excellence. The major challenge for the client was data getting corrupt despite performing an extensive data standardization activity. With the involvement of multiple stakeholders at various locations, without defined data inputs rules the data quality eroded in no time.

ۿ۴ý will provide Master Data Governance as a managed solution combined with Data Quality Expertise and a robust cloud-based platform – – which seamlessly integrates with the client’s Maximo EAM system for real-time data exchange and update. The platform supported by MRO data quality experts enables consistent data quality checks, platform customization, define UNSPSC classifications, a uniform, and multi-lingual MRO taxonomy as applicable.

The platform provides for identifying duplicate & obsolescence, defining data standard rules, categorize MRO catalogs, help maintain data integrity and consistency on an ongoing basis.

ۿ۴ý’s Partlinq MDG solution will provide the client with:

  • A well defined built-in work-flow management
  • Ability to implement Custom data rules
  • Multilayer approval options to ensure data quality
  • Integration with ERP & EAM/CMMS systems like SAP, Oracle, and

Bharathan CK, VP Operations – Supply Chain and Asset Solutions, ۿ۴ý said, “Our expertise in MRO data excellence has always transformed our customers in achieving supply chain optimization. With cutting-edge tech solutions and multilingual capabilities, our team has alleviated data-driven decision making for more than 300 clients across the globe.”

About ۿ۴ý:

ۿ۴ý Engineering (enventure.com) is a privately-held, ISO 9001:2015 & ISO 27001:2013 certified Engineering and Supply Chain Solutions company, with full-fledged delivery centers in India. ۿ۴ý has been serving clients in North America and Europe since 1997 and is today a preferred supplier of engineering and master data management services to Fortune 500 companies, across different industry verticals such as Hi-tech Electronics, Oil & Gas, Water Treatment, Automotive and Industrial Manufacturing. ۿ۴ý provides a wide variety of services to Clients, in areas such as Plant Design Engineering, Building Engineering, Master Data Management, MRO Data Services, Component Engineering, Environmental Compliance Support and Product Design.

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Getting to Grips with Master Data Management /blog/mro-solutions/getting-to-grips-with-master-data-management/ Thu, 23 Dec 2010 11:13:42 +0000 https://enventure.com/engineering-blog/?p=271 RoHS and WEEE, obsolence management, WEEE Compliance, WEEE Directive, RoHS Compliance

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Master data management, or MDM, creates a lot of headaches for firmware development companies, who already feel inundated with all the WEEE legislations and REACH directives flying around the place. We at ۿ۴ý Technologies offer a full range of . However, you’re likely to fare better if you understand some of the concepts first.

You need to start by understanding what master data is. Your system software will have files of data that needs to be shared by other applications on the system, called Masters. A typical system will have three as a minimum: the Customer, Item and Account Master. These are the most important assets of the company. However, even a simple system like this can get confusing, especially in an area like mechanical engineering or firmware development. Where, for example, do you insert your RoHS files, or your part obsolescence management data? Qualifying what master data is, and how it should be managed, is confusing even for the experts.

There are some simple classifications for MDM:

Unstructured data. This includes emails, PDF files, white papers, magazine articles, product specifications etc.

Transactional data. This has an effect, i.e. it forms part of a transaction. So it’s everything related to sales, deliveries and invoices. But it can also include travel claims, office expenses and other financial interactions.

Metadata. This means ‘data about other data’, and includes XML documents, report definitions, log files, configuration files etc.

Hierarchical data. This stores important information linking the other data. It may take the form of the organisational structure of the company, or be details on product lines. This is a critical part of master data management, since all the other areas fall under it.

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