Purchasing Data Consolidation

Datactics transforms data into business intelligence accessible at the touch of a button rather than through a laborious manual process.

The process of aggregating, cleansing and analyzing corporate spending data in order to reduce costs and improve operational performance is described as spend data management.  Consolidation of purchasing data enables more effective spend data management.

Companies know that organizational data is important but the large amount of information in different sources and formats makes it difficult to know where to start to consolidate and improve the data. Datactics technology streamlines this process by developing an ongoing methodology to extract data from all sources and compile it into one central location.

Research from the Aberdeen Group has found that organizations which actively pursue spend data management strategies have achieved:

• 2-12% reduction in material costs through informed sourcing
• 50% reduction in off-contract spending
• 20-70% reduction in inventory levels
• 5–50% reduction in inventory costs
• 20% decrease in redundant or unnecessary part introductions¹

Consolidation of purchasing data provides companies with the information required to identify hard-dollar savings opportunities, make informed decisions and develop first-rate business strategies.

If Purchasing Data Consolidation is of interest to you please look at the following Case Studies which highlight the real results achieved by one major organization with this challenge –

• Terex (eCost). Terex is a Fortune 500 company and a diversified global manufacturer with revenues exceeding $9Bn.  With the successful delivery of Datactics solutions across 35 business units worldwide, Datactics enabled Terex to increase its purchasing leverage by consolidating spend data.
• Terex (Global Benefit Tracking). Terex is a Fortune 500 company and a diversified global manufacturer with revenues exceeding $9Bn.  Following on from the successful delivery of the Datactics Data Quality Firewall and File Validation tool, Terex contracted Datactics to effectively track the savings and expenditure obtained across its global supply chain