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.

�ۿ۴�ý 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 �ۿ۴�ý, 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, �ۿ۴�ý.

The post �ۿ۴�ý wins contract to support Inventory, Procurement, and Warehouse cost reduction for a Gold Mining company in North America appeared first on �ۿ۴�ý.

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.

The post �ۿ۴�ý Wins Master Data Management Project From Leading Provider of Supply Chain Solutions appeared first on �ۿ۴�ý.