Parts master data management

Cleansed and enriched Parts data for improved revenue and expense allocations, spend analytics, and inventory management

The challenge

The client realigned P&L by Product Line that highlighted issues with duplicate Parts data, taxonomy & classification. Business impacts included lack of spend visibility, inefficient strategic sourcing, poor inventory management, lost revenue, and long lead times.

The solution

Our team analyzed 500K+ parts to rationalize, standardize, and classify ~165K priority parts in the EPICOR ERP system. Further, our team defined standard Parts master data process and governance for proactive data quality with minimal business impact.

Measured impact

33%

Reduction in duplicate parts,

165,000

Standardized and enriched engineered & non-engineered parts,

Improved search and inventory rationalization