Chemicals

Accelerated savings through supplier compression and 99.5% spend classification

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Challenges

The client is a leading waste & energy management services company. Multiple source systems in different currencies made it challenging to view company-wide spend in a currency. Multiple spellings and instances of the same supplier across different ERP systems made it very hard to capture total spend for a supplier. Purchasing managers needed a company-wide view of spend by industry specific group purchasing categories. Profit center and cost center hierarchies changed frequently, and spend needed to be recalculated monthly to see actual spend by various organizational units.

Solutions

ElectrifAi solutions executed the following for 4 data sources: Data Validation, Data Cleansing and Consolidation, Line of Business hierarchy updates, Vendor Clustering and Parenting, Spend Classification, Application of Veolia Feedback, Data Extraction and Delimited Text File Delivery

Outcomes

55%
supplier compression
99.5%
spend classified
Company-wide view of spend

ElectrifAi’s solution achieved a company-wide view of spend across all business units and locations, 55% Supplier Compression, 99.5% Spend Classified and consolidation and normalization of spend data across four source systems.