The client is a global leading electronic manufacturing services (EMS) company with a presence across four continents and is well-known for producing electronics for power technologies, protection, and control systems, energy transmission, and distribution.

Product development and manufacturing teams were facing several challenges in the fast-evolving world of technology, especially when it comes to managing accurate component and part information in ERP system. With a focus to introduce new products, the client’s mission was to create, enrich and maintain clean component databases with detailed part parameters and compliance information.

Due to the client’s lack of expertise in Component Engineering, Data Transformation, and Multi-Lingual Sourcing, the client wanted the project outsourced to a more capable team at an affordable price. �ۿ۴�ý designed a strategy to address the client’s component engineering requirement by keeping product development and manufacturing environments at the core. �ۿ۴�ý proposed setting up a dedicated team of component engineers carrying in-depth combined knowledge of manufacturing, product design, and regulatory compliance.

A global supplier engagement team will assist the component engineers in gathering parts technical data and compliance document from suppliers in multiple languages worldwide.

The component engineers are expected to:

• Capture the critical parameters for various parts through web sourcing and direct engagement with suppliers
• Gather all compliance related information especially, RoHS and REACH compliance
• Ensure all the parts data contains all the mandatory parameters in place
• Include all technical, compliance and process data in the BOMs
• Deliver updated materials/parts database with a quick turnaround time

“Under this paradigm, we help organizations redesign their data management practices and transform their processes to achieve maximum efficiency across various functions. Through this partnership, we hope to help our client obtain valuable insights into costs and supplier management, as well as help them stay ahead of technology and remain agile.”, says CK Bharathan – Head of Compliance and Master Data Management, �ۿ۴�ý.

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Organizations today face increasing procurement costs, and even penalties due to non-compliance of material, that result from ‘MRO Taxonomy’ issues. Let’s take for example, a parallel between the taxonomy for the food industry vs generic taxonomy. Typically, in the food manufacturing industry food grade material or lubricant is vital; because the generic MRO part may contaminate the food during handling or manufacturing.

Here is an example of Taxonomy for Normal vs Food Grade materials.

Based on the different taxonomies, here is an example of how the same item’s description varies in order to meet business needs:

It is imperative for all food processing businesses to manage their taxonomy so as to indicate the food grade specific Noun Modifier(s) with detailed attributes. This also helps in segregating food grade and non-food grade . A generic taxonomy cannot be used for all food grade MRO parts, since the required/mandatory attributes may be different for a non-food grade spare part. Since the short description of a spare part is generated based on the noun modifiers and top mandatory attributes, the sequencing of such attributes is also critical.

Additionally, food grade-specific noun modifiers in the taxonomy make it easier to identify & standardize such MRO parts to leverage its impact on an overall Inventory Management System, Spend Analytics, optimized sourcing capabilities, and operational efficiencies.

At �ۿ۴�ý, we design industry-specific taxonomy and develop cataloging for clients across the globe, cutting across different industries such as pharma, life sciences, food and beverage, mining, oil and gas, power and multiple other process industries.

To learn more about best practices in , write us at info@enventure.com

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One of the most important factors driving higher profitability is efficient cost management. How far is it practical for all organizations to reduce costs?

The majority of costs incurred by most organizations is on procuring direct and indirect materials. Many organizations fail to manage their MRO materials because of improper and inaccurate product classification. In addition, huge investments in tools do not yield desired results or the tools are significantly underutilized. And both these problems usually stem from the same issue – poor quality of data.

Supply chain transactions with poor quality data produce incorrect reporting and poor spend analytics capabilities. This in turn multiplies the risk of higher costs of sourcing, increases carrying cost and reduce visibility into sourcing inefficiencies.

Here are some of the most common scenarios we have seen firsthand of increased MRO spend arising from a poor data backbone.

• Scenario 1: Buying at a Higher price
  A company buying the materials like ‘bearing’ from a Non-preferred vendor, could result in higher costs i.e. Item purchased from Preferred vendor at $14 and Non-Preferred vendor at $20
• Scenario 2: Duplicate materials & vendors
  In several instances the same materials with unstructured description are purchased from different vendors at different prices ($8, $9, $11), which can vary between 25 to 60%
• Scenario 3: OEM vs Generic MRO materials
  In several instances, OEM materials are being purchased instead of generic MRO equivalents for 40-50% higher price i.e. OEM materials purchased at $110 while generic MRO equivalent was purchased at $60

These problems can be easily overcome by establishing a detailed product classification system, sanitized material data, proper descriptions / product meta data and a clean vendor master. This enables purchase price parity, volume rebates, and inventory optimization, among other cost savings and efficiency improvements.

At a recent supply chain forum, the Head of for a large Oil and Gas Company said “MRO Product Classification became a critical element in our overall spend analysis and helped in cost reduction initiatives. This enabled us to identify and establish preferred vendor agreements while converting costly OEM items to generic equivalents. Based on the newly established vendor relationships and reinforced buyer compliance, we are able to reduce annual MRO, direct & Indirect spend by over 12% in the first year, while significantly improving purchasing and procurement efficiencies”.

The most commonly used Product Classifications are,

• UNSPSC – United Nations Standard Products and Services Code
• eCl@ss
• eOTD – ECCMA Open Technical Dictionary
• ETIM – European Technical Information Model
• CPV – Common Procurement Vocabulary
• NAICS – North American Industry Classification System

At �ۿ۴�ý, we serve clients leveraging any of the above systems or in some cases provide a customized data schema based on client requirements. Here is an example of accurate product information for a typical MRO item.

Are you looking to reduce your costs? Talk to one of our experts for a free consultation.

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The client is a world leader in Industrial products and technology platforms with over 100 manufacturing units across the globe. Its major business is enabling 40 distinct industries by providing bearings, seals, condition monitoring systems, mechatronics products, services and lubrication systems.

The engagement will ensure that the client’s material master data is accurate, with enriched attributes and as per industry standards. Further, both the client and their customers will benefit from their improvement in supply chain efficiency and reduction in costs resulting from the data enhancement and reengineering. The client will also leverage �ۿ۴�ý’s multi-lingual capabilities, as the data needs to be made available in 4 European languages in a truly integrated manner.

“This win is a matter of pride for us, as we were in a very competitive situation and we are glad that the client chose our solution. We look forward to positively impact the client’s data ecosystem and ensure they are future ready for their growing business.” said CK Bharathan, Head of Master Data Management at �ۿ۴�ý.

About �ۿ۴�ý:

�ۿ۴�ý (enventure.com) is a privately-held, ISO 9001-2015 & ISO 27001-2013 certified Engineering and Master Data Management Services company, with full-fledged delivery center in India. �ۿ۴�ý has been serving clients across the globe since 1997. Today, �ۿ۴�ý is a preferred supplier of Engineering and Master Data Management services to companies ranging from Startups to Fortune 500, across various industry verticals such as Hi-tech Electronics, Construction, Automobile, Medical, Power & Water, Oil & Gas, and Industrial Manufacturing. �ۿ۴�ý provides a wide array of services to Clients, in areas such as Plant Design Engineering, Building Engineering, Product Design, Technical Documentation, Component Engineering, Environmental Compliance Support and Master Data Management.

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The Client was dealing with a challenging project that involved multiple sites, with MRO inventory data in English and Japanese. In order to optimize the inventory, the first step required was to organize the inventory data, so that analytics could be enabled. The Client evaluated different options available and finally decided to award the project to �ۿ۴�ý, based on �ۿ۴�ý’s past expertise managing multilingual projects of a similar scale. �ۿ۴�ý’s strengths in UNSPSC classification and access to a large internal reference database were also seen as differentiators.

�ۿ۴�ý Head of Master Data Management Solutions said, “We are very happy that we were selected for this project. Our team has done several similar projects in the past, but each client is unique and we make sure that we are providing a bespoke solution for each client’s requirements. There is a lot of potential for us to grow our relationship with them and we are excited to get started!”

�ۿ۴�ý has been in the Master Data Management space for two decades now, and has built a credible customer base in this time frame. The internal systems and processes have also been built to a very robust level, which ensure that clients can be assured of a reliable and on-time delivery.

About �ۿ۴�ý:

�ۿ۴�ý (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. �ۿ۴�ý 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, Mining, Water Treatment, and Industrial Manufacturing. �ۿ۴�ý provides a wide variety of services to Clients, in areas such as Plant Design Engineering, Building Engineering, Product Design, Technical Documentation, Component Engineering, Environmental Compliance Support and Master Data Management.

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The Client is an Electronics Manufacturing Services company that manufactures and delivers electronic products to customers spread across Europe, China and the USA. Their technical services include prototyping, industrialization, material analysis and test development. The Client’s core areas of expertise are in Defence /Aerospace, Energy/Telecoms, Industry, Medical devices and Offshore/Marine.

�ۿ۴�ý has been working with the Client for the last four years providing extensive data inputs and solutions that enable cost efficiency, flexibility and design innovation. Over these years, �ۿ۴�ý has been successful in implementing various that create value for the product. The scope of this project also includes various allied services that include product compliances and testing.

�ۿ۴�ý’s Business Head of Master Data Management on this occasion said, “The �ۿ۴�ý alliance for the Client has helped the Client focus on their core competencies and deliver high value products in the market that further help the Client to sustain their market position. In the widely diversified market such as electronics, data management forms the core for major product changes and �ۿ۴�ý has been a true partner for data services to all kinds of small to large scale companies.”

About �ۿ۴�ý Engineering LLP

�ۿ۴�ý Engineering LLP (enventure.com) is a privately-held, ISO 9001:2008 certified engineering and data management solutions company, with full-fledged engineering service delivery center in India. �ۿ۴�ý has been serving clients in North America and Europe since 1997 and is today a preferred supplier of engineering services to Fortune 500 companies, across different industry verticals such as Hi-tech electronics, Medical device manufacturers, Oil & Gas, Automotive and Heavy machinery. �ۿ۴�ý provides a wide variety of services to its clients, in areas such as PCB Design, Plant Design Engineering, Piping Engineering, Mechanical product design, CAD, CAM, CAE, Technical Documentation, Master Data Management, Component Engineering, and Regulatory Compliance Support.

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