Supplier Data Management (SDM)

Enventure's Supplier Data Management (SDM) service enables organizations to optimize their supplier base by taking a perspective across systems, locations and geographies.

Any process improvement in supply chain is not complete without getting control over the supplier master. Supply chain programs like strategic sourcing, inventory reduction, spend analytics, cost reduction and supplier on boarding require Supplier Data Management efforts to be successful.

Using its proprietary processes and technology, Enventure extracts, transforms and loads the supplier data back into systems to show measurable business results. Setting up a clean Supplier Database would start with extracting data on Suppliers from multiple sources and formats from within the organization. This would be followed by standardization and unification, which would also involve research to collect information which may be missing in internal repositories. This data would then be cross-referenced to the customer's SRM, ERP and other systems.

Enventure can act as a supplier on-boarding partner to ensure that any new suppliers introduced are validated for integrity of the supplier's information and profile; incuding legal data, contact data, location data, product data and compliance data.

Supplier Data Management (SDM) services:

• Supplier data extraction and normalization

• Supplier data enrichment

• Supplier on-boarding services

• Supplier rationalization

• Analytics services

• Low Cost Country (LCC) Supplier identification

• New supplier due diligence management

Efficient SDM enables a company to:

• Ensure supplier data is clean and up-to-date

• Identify duplicate suppliers

• Maintain the master supplier database

• Manage ongoing new supplier additions

• Ensure completeness of data

• Evaluate supplier performance

• Classify & develop Supplier Profiles
  
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