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Create a consistent view of products, inventory and items.
Without a unified view of products, such as product catalogs, accounts payables and receivables, and inventory counts, it's impossible to be competitive in today's market place. The information that you have on products and inventory is a vital resource in your efforts to streamline production and deliver value throughout the enterprise.
Product information management (PIM) is a critical link in the drive for efficient operations and increased profits. Product IDs, descriptions and other fields vary from supplier to supplier. Business units within your own organization may have different rules for naming products. And, simple human error can lead to frustrating inconsistencies across data sources or enterprise applications.
Overcome the challenge of disparate product data sources
The problem is daunting, but with solid data quality and data integration technology, you have the solution to resolve problematic product data. This technology allows you to profile the data that you have and design rules to address identified data quality problems. With this process, you can analyze, improve and control your product data - and gain control of this information asset.
One multinational oil and gas company started a PIM project to streamline a very manual, labor-intensive verification process. By using DataFlux technology to profile the data and build business rules to standardize and verify data, they could resolve things like 10w30 and 10/30 as the same grade of motor oil. The result was clean, accurate data that provided a foundation for more intelligent product sourcing and distribution worldwide.
By creating a standardized view of product data, you will receive the information you need to strengthen enterprise resource planning (ERP) efforts. Make better decisions about your supply chain and distributor network. And increase profitability throughout the production cycle.
