Harnessing master data management to save up to $98 million by improving spend visibility and compliance
Harnessing master data management to save up to $98 million by improving spend visibility and compliance
4 PagesWHO WE WORKED WITH A British multinational pharmaceutical. WHAT THE COMPANY NEEDED To address vendor and indirect material master data to improve spend visibility and inefficient purchasing practices, and deliver effective supplier risk assessments. HOW WE HELPED We created a detailed master data management roadmap, including a vendor data model, data governance and stewardship, indirect material category management, and enabling technologies. WHAT THE COMPANY GOT ? Standardization and simplification ? Risk and compliance ? Access to technology CASE STUDY Harnessing master data management to save up to $98 million by improving spend visibility and complianceGenpact | Case study | 2 The impact of poorly managed master data can create unnecessary risk and put significant cost savi
