As an extension of the eCost application, Terex implemented Global Benefit Tracking (GBT) to track savings and losses on direct material purchases across Terex.
To quantify savings and expenditure, Terex compared original and revised part-plan data. This data contained the required metrics for comparative analysis specifically supplier name, description code and unit of measure, together with direct and indirect costs.
Analyzing part-plan data accurately and effectively was virtually impossible. Previously data from across the 34 business units was emailed to the eCost team for analysis and reporting purposes. Acquiring the data was a laborious and frustrating task further complicated with business units located in different time zones. Once captured there was no quick and effective means to verify whether the data was accurate, weakening the validity of the Business Intelligence (BI) reports produced by the eCost application.
To maximize savings achieved through its supply chain, it was imperative that part-plan data be validated and uploaded instantly to produce real-time supplier pricing for comparative analysis within the eCost application.