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Supplier Data Management

Enventure’s Supplier Data Management (SDM) services enable 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 gaining 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 proficiency in technology, Enventure extracts, transforms and loads the supplier data back into systems to show measurable business results. Setting up a clean Supplier Database starts with extracting data on the suppliers from multiple sources and formats within the organization.

This is followed by standardization and unification, which would also involve research to collect information that may be missing in internal repositories. This data would then be cross-referenced to the customer’s SRM, ERP and other systems.

Enventure also acts as a supplier on-boarding partner to ensure that any new suppliers introduced are validated for integrity of supplier information and profile including legal data, contact data, location data, product data and compliance data.

Efficient SDM enables a company to:

  • Ensure that 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 and develop supplier profiles

Enventure’s SDM services include:

  • 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