MDM Services Archives | ۿ۴ý The design Experts Mon, 04 Jul 2022 18:24:02 +0000 en-US hourly 1 ۿ۴ý helps a leading supplier of construction materials, in improving supplier chain efficiency /news/enventure-helps-a-leading-supplier-of-construction-materials-in-improving-supplier-chain-efficiency/ /news/enventure-helps-a-leading-supplier-of-construction-materials-in-improving-supplier-chain-efficiency/#respond Sat, 20 Apr 2019 08:12:35 +0000 https://enventure.com/?p=10310 Portsmouth, NH April 20, 2019 –ۿ۴ý is helping a leading supplier of construction materials to optimize overall inventory, take control of materials, and transform decision

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Portsmouth, NH April 20, 2019 –ۿ۴ý is helping a leading supplier of construction materials to optimize overall inventory, take control of materials, and transform decision making based on real-time availability of data.

The client is one of the world’s leading producers of cement, ready mixed concrete and an aggregator of construction materials.suppliers. The clients have the capacity and geographic footprint to supply construction materials in key markets throughout the United States and Canada.

ۿ۴ý’s engagement is a follow-up to the client’s multiple acquisitions across the US. The new collaborations impart new challenges in Supply chain management for the client. Multiple ERP systems, the high number of material & vendor duplication, non-standard naming convention, are few of the many problems encountered by the client during and after acquisitions.

The main objective of this project is to deliver a standardized golden database of materials integrated into their ERP / CMMS systems. The impact of multiple acquisitions on inventory has resulted in sporadic decision making related to the supply chain. The lack of focus on the spend visibility induced emergency purchases and increased inventory costs.

The client’s targeted benefits from this engagement include lower inventory cost, reduced asset downtime, as well as an enhanced production supported by real-time material visibility. ۿ۴ý’sOptimizeMRO will help the teams to explore innovation and act on contemporary thinking, industry research, and cutting-edge technology.

Kiran Sivadas, EVP, ۿ۴ý said, “ۿ۴ý is taking a comprehensive outlook to provide technology-enabled supply chain solutions that can be applied at the asset-intensive organization, having thousands of spare parts. This approach leaves no stone unturned in the hunt for better ways of improving efficiencies and effective strategy.”

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, , Component Engineering, Environmental Compliance Support and Product Design.

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ۿ۴ý to help a leader in the food and beverage industry to Improve Spend Forecasting and Optimize Supply Chain /news/enventure-to-help-a-leader-in-the-food-and-beverage-industry-to-improvespend-forecasting-and-optimize-supply-chain/ /news/enventure-to-help-a-leader-in-the-food-and-beverage-industry-to-improvespend-forecasting-and-optimize-supply-chain/#respond Fri, 15 Mar 2019 13:15:43 +0000 https://enventure.com/?p=10320 Portsmouth, NHApril09, 2019 –ۿ۴ý has been selected by a leading food and beverage company in the Middle East to increase profitability and achieve operational excellence

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Portsmouth, NHApril09, 2019 –ۿ۴ý has been selected by a leading food and beverage company in the Middle East to increase profitability and achieve operational excellence through Improved Spend Forecasting and .

The client is engaged in manufacturing, distribution, and marketing various food and beverage products. Their world-class portfolio of integrated businesses and brands provide high quality, trusted, and essential food and beverage products.

Major challenges for the client are – at plants spread across 4 different locations, 30000+ spare parts in the inventory with more than 20% duplicates, and multiple stock codes for the same material.The client identified various issues with their supply chain such as maverick purchases, high obsolescence and increase in non-moving inventory. The root cause of these problems is lack of a centralized inventory management and unified procurement system.In addition, there are issues with data such as lack of uniform structure, multiple stock codes, missing mandatory attributes and cryptic challenges.The client understood the problem of bad data in their existing ERP systems and the focus is to enhance data quality that fits into the new SAP ecosystem.

ۿ۴ý will develop a data modelling framework based on the maturity of the client’s data on existing . With the implementation of SAP, the client is expecting a digitally enabled and connected system to manage their entire supply chain.

The data modelling framework will cover – ISO 8000 compliant food industry-specific taxonomy development, data enrichment & governance processes and provide a strategy for supplier consolidation. This framework will help the client to deploy the best quality data into SAP to improve spend analytics, manage supplier consolidation and provide real-time visibility of their entire inventory across multiple plants.

A Senior Supply Chain expert will lead the project at ۿ۴ý assisted by a team of data experts, MRO specialists and multi-lingual translations team. The scope of the project includes:

  • ISO 8000 compliant food industry specific taxonomy design
  • Spare parts data cleansing and enrichment
  • Onsite support to perform warehouse walk-downand crib crawl
  • Supplier engagement to source parts catalogue
  • Ongoing data governance support

As part of the program, a dedicated QA team will be deployedto validate 100% accuracy of data. The data production team will integrate the processed data back into the SAP systemand help obtain a precise representation of their supply chain and vendor management.

“In a highly dynamic and competitive industry, the effective supply chain management enables the client to gain sustainable and profitable growth for a better today and tomorrow. The custom-made data modelling framework specific to food industry will enable the client to derive maximum ROI from SAP by improving their forecast accuracy and mitigating supply chain risks”, says CK Bharathan, Head of Master Data Management, ۿ۴ý.

About ۿ۴ý:

ۿ۴ý (enventure.com) is a privately-held, ISO 9001-2015 & ISO 27001-2013 certified Master Data Management and Engineering Services company, with clients in North America, Europe, Middle East, Australia and Asia. ۿ۴ý has been serving clients across the globe since 1997. Today, ۿ۴ý is a preferred supplier of Master Data Management and Asset managementservices 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. ۿ۴ý provides a wide array of services to Clients, in areas such as Master Data Management, Asset Management, Plant Design Engineering, Building Engineering, Product Design, Technical Documentation, Component Engineering, and Environmental Compliance Support.

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ۿ۴ý Signs A New MDM Services Contract With Global Mining Major /news/enventure-signs-a-new-mdm-services-contract-with-global-mining-major/ /news/enventure-signs-a-new-mdm-services-contract-with-global-mining-major/#respond Wed, 08 Aug 2018 08:00:49 +0000 https://enventure.com/?p=8720 ۿ۴ý today announced that they had signed a contract with a global mining major, to provide Master Data Management Cataloguing services. The Client’s objective was

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ۿ۴ý today announced that they had signed a contract with a , to provide Master Data Management Cataloguing services.

The Client’s objective was to maximize their return on assets and they recognized a need for improved asset performance and accuracy of various spare parts inventory in their SA- ERP system. The biggest problems identified were the high MTTR (Mean Time to Repair) and high inventory costs. Major reasons for such hurdle being: non-availability of right spare parts and holding a high inventory level of parts caused by unorganized data management.

The Client realized that enhancing the data quality is the best way to improve the availability, reliability, and safety of the assets. They reached out to multiple MRO data catalog experts for bids. The unmatched expertise in mining industry-specific UNSPSC based taxonomy development, multilingual delivery, training on cataloging, all of these helped ۿ۴ý to be their obvious reasons for the easy choice.

The project starts with an audit of sample data, a unique MRO data catalog covering all parts in the inventory and to implement a data governing system. Alongside, ۿ۴ý would also deliver an in-depth training for their internal team on cataloging to maintain the quality of data. Led by Data Management Experts, ۿ۴ý’s focus in developing an MRO cataloging system eliminates duplicate data points, scrub out incorrect data, enhance and standardize the description which ensures the accuracy of the spare parts inventory. Accurate spare parts inventory would help effective management of spare parts, which results in lower inventory cost and ensures that the right parts are available during asset breakdown, thus minimize the downtime.

“Our expertise in multilingual UNSPSC based cataloguing clearly edged out other competitors in the bid. Handling large data volume with accuracy and speed helped us to win this large deal. The engagement enables the client to have real-time visibility into their inventory and able to predict the ability to meet maintenance demands through the enhanced inventory accuracy, real-time access into fill rate, stockout rates, and inventory turn” said the Head of Data and Asset Management Solutions at ۿ۴ý.

The client is expecting tangible outcomes with this comprehensive solution and is expected to engage ۿ۴ý’s for other plants, during the next phase of the project, scheduled to start in a few months.

About ۿ۴ý:

ۿ۴ý (enventure.com) is a privately-held, ISO 9001-2015 & ISO 27001-2013 certified Engineering and Master Data Management 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, Mining, Water Treatment, and Industrial Manufacturing. ۿ۴ý 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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