Save Cash & Time by Improving Digital Procurement
What is a commercial data update?
When conducting a commercial data update, Vueterra refreshes and optimises all data related to procurement. This extensive process involves diagnosing your data health, gathering updated information from suppliers and creating a strategy based on more complete data.
Commercial data updates help your business to improve efficiency by addressing issues such as obsolete items, outdated pricing and other anomalies . Commercial data updates also help businesses plan for procurement automation, boosting operational efficiency and reducing manual efforts. Vueterra’s commercial data updates naturally follow from the data discovery process, enhancing procurement by refreshing and optimising all related data. This includes assessing data health, collecting updated supplier information, and developing a strategy based on accurate data.
These updates address SAP supplier data issues, improve lead time consistency and delivery, enhance system automation, and can assist in reducing spend, leading to better overall operational performance and much lower manual effort.
The Value Delivered
In 3 months, streamline buying efforts by up to 60% and Improve DIFOT by up to 26%
By digitising your procurement strategy within your ERP, we enable you to harness the full potential of procurement automation. Our solution builds data quality that fosters stronger supplier relationships, and procurement strategy that positively impacts procurement governance, business intelligence, and supplier lead times. Welcome a shift in your operations where end users trust the system, materials arrive on time, and your procurement team proactively safeguards supply security.
Each Commercial Data Update is tailored to each of our clients and focuses on improving up to the top 90% of procurement ERP SKUs.
Take Control of Your Procurement:
Trust Vueterra as Your Data Partner
It’s time to take control of your data and unlock the untapped potential within your supply chain. Contact Vueterra today to start your journey towards optimised operations, improved decision-making, and enhanced efficiency. Together, we’ll navigate the intricacies of your supply chain data, ensuring it aligns with your operational goals and propels your business towards more success.
our commercial data update process
As part of the consulting stage, a Data Diagnostic is completed which examines the health of your procurement and inventory data, pinpointing areas for improvement and optimisation. Discover data gaps, inconsistencies, and inefficiencies that may hold back your operations and impact your business's valuable time and resources.
With our Data Diagnostic, you'll gain a clear understanding of suppliers, efforts, and operating efficiency you should expect from the project.
On average, ERP data contains a staggering 55% error rate when compared with new information received from suppliers. The leading issues are pricing, unidentified and obsolete items, incorrect part numbers, and Unit of Purchase missalignment.
These decisions are reflected exactly in the data upload and assist with the system automating procurement so that it is aligned with this strategy.
We harness the power of standard system mass uploads and for SAP, have prebuilt LSMW uploads to seamlessly transfer the new data, enabling the system to promptly initiate automated procurement processes.
On average, 12% of the refreshed SKUs are deemed obsolete by suppliers requiring further review and the potential removal from inventory.
The commercial data update comes with a complimentary 3-month subscription to the OnDemand ERP intelligence software to garner additional insights into other levers preventing perfect order creation and on-time delivery.
RESULTS
Our work has demonstrated a remarkable improvement, reducing daily buying efforts from 8 hours to just 3 hours, a significant 60% increase in efficiency. This eliminates the need for chasing quotes, searching for suppliers, expediting purchase orders, and handling change requests. Consequently, your team will have more time available to delight customers and strategically manage suppliers to ensure a secure supply availability at the best price.
Trust Vueterra, the industry leader in SAP supply chain master data, to deliver unparalleled solutions that will empower your organisation to not only survive but thrive in today’s ever-evolving business landscape. With our expertise and technology, we ensure that your procurement processes are fueled by accurate and timely data, providing you with a competitive edge and driving your procurement success. Don’t let outdated and inaccurate data hinder your progress – unlock the power of Vueterra’s solutions and experience the transformative impact on your procurement efficiency, cost savings, and overall business performance.
Contact us today and embark on a journey towards optimised procurement operations and enhanced business outcomes. Together, we’ll navigate the complexities of the commercial data landscape and propel your organisation towards a brighter future.