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26-27 October 2004, Berlin, Germany (Archive)
Analyzing your enterprise spend and supplier data to leverage purchasing power, reduce inventories, lower part counts, and rationalize the supplier base, is a key SRM initiative that needs to be tackled today. Analyzing “spend” requires item classification and rationalization of supplier & part masters across your plants, warehouses and global business units.
Enterprises have been pursuing these goals for years with mixed results. The time has come to consolidate and systematize the gains. Now Spend analysis efforts need to be automated, and built as a part of a larger performance management process. The need has arisen to leverage common master data across the enterprise in order to right-size the supply base and level of inventory/assets.
Spend Data Management software and solutions were showcased by Zycus at the Global SRM Congress ‘04 at Berlin, Germany on Oct 26-27, 2004. The event attendees at the Congress, who visited the Zycus booth, learnt how:
- They could plug-in Spend Data Management tools for auto-classification and item-data enrichment, to their SAP infrastructure
- They could leverage their existing SAP BW instance for detailed spend visibility
- They could rationalize their products/parts master data, removing duplicates and normalizing product data to one unified global taxonomy
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