"Pumping new savings and operational excellence into your global maintenance and supply chain initiatives" - A webinar focused on O&G, Energy producers and Utilities
Verdantis has teamed with The Tagos Group to unlock the secrets of MRO Item Master inventory optimization and strategic sourcing for Upstream O&G and Power Generation operations.
Join our experts to learn industry’s best practices to :
Optimize Indirect spare part sourcing and inventory levels Optimize maintenance operations in global or regional opportunities Make a business case for Material Data Quality initiatives And more !
Join us and say, “Eureka! We’ve struck new savings and operational excellence.”
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Transcript
Outsourced Technology and
Procurement Services
Welcome to our May WebinarAn Item Catalog is a Gateway to Operational Excellence
and Strategic Procurement
managing challenges and delivering sustainable results
Today’s Technology and Services
to drive material data
performance.
Fuel the Enterprise with Clean Master Data – Consolidated Spare Parts Master
Material Master Data – Improve PerformanceCommon Drivers for Consolidated Catalog:
Data quality for new ERP/EAM, acquisitions, equipment and locations
Improving inventory levels and visibility across global locations
Global management of enterprise businesses
Improving global sourcing through more effective intelligence and data
Verdantis MDM solutions are designed around these three criteria.
1. Reduce Costs and Drive Business Value:Ensuring the business has the right processes and data to realize improved value in their operations.
2. Master Data Compliance and Standards:To assure enterprise compliance and a single view of the company’s Master Data. To most effectively utilize resources for data quality, maintenance and approval processes
3. IT Standards and Compliance:Furthermore, to assure that the MDM solution cooperates with IT standards and solutions for enterprise architecture, security and applications.
• Annual Inventory Carry cost reductions of 4.4% (Factored cost of capital) as write-down (positive impact to balance sheet)• 400 Million in Inventory• 10% Duplicate Identification• 40 Million in Duplicate Inventory value• Write Down of Factored Costs at 4.4% of 40 Million = $1,760,000
• Cost Reduction on aggregation of demand across 15% of $1BN in MRO• 1 Billion in Maintenance, Repair and Operations Material• 15% Identified through Harmonization as Similar (Across 10% Supplier Base)• 150 Million addressable spend• 12.5% reduction in costs through strategic sourcing • Cost Reduction of 12.5% of $150 Million = $18,000,000
• Verdantis Integrity for Reduction of Maverick Spend• 80% of the 1B Maintenance, Repair and Operation Spending is covered by
preferred / pre-negotiated contracts - $800 Million in Spend• Data Governance improves Catalogue Quality –Reduced Maverick Spend from
40% to 25%• 15% gain in compliance = an additional 120 Million in contracted spending• Average of 16.5% Cost Reduction for pre-negotiated categories• Cost Reduction of 16.5% of 15% of $800 Million = $19,800,000
Combined Annualized Net Cost Reductions of $39,560,000
Tagos will help your team in the following areas: • Developing the Case for Action• Managing for Success• Executing for Success• Maintaining Success
Support models:• Traditional Consulting/Professional Services• Managed Services• Hybrid
Themes to success:• Education/Understanding of Where You Are• Education of the Tool’s Capabilities• Keeping the End in Mind and the Implications throughout Project
Preparing for project success• Develop Project Strategy and Plan• Educate for Success – (Tagos Provided Session)• Preparing the Data• Organize to Perform
Project Execution – “Get it clean”• Project Management and Oversight• QA/QC of Data Returns Throughout Process• Tool Familiarity and Expertise• Training• Facilitation and Communication Between Project Team and Verdantis
Ongoing Data Management - “Keep it clean”• Process, Procedures, Organization and Roles Design, and Development• Analysis and Case for Tools Versus Manual Processes • Training• Functional Help Desk Support
On-site or remote• Project Management• Data Collection• Material Walk Down Services• Implementation • Training• Support of Self Performance• Functional Help-desk• Harmonize as a Service• Integrity as a Service
Inventory assessment and optimization recommendations• Strategy – VMI, Consignment, Critical Spares, etc.• Tactical – Min/Max, Order Point, etc.
• Verdantis brings over 12 years of Material and Supplier Master expertise and projects with Global clients to the market with unmatched technology and attention to ROI.
• Experts in Spend Classification and Attribution.
• SaaS deployed solutions to more cost-effectively and timely compliment major ERP/EAM and Legacy systems.
• The most comprehensive suite for collaborative and automated high speed batch material data cleansing solutions under Harmonize brand.
• Options for On-going new Item create and governance with embedded classification and attribution models under Integrity brand.
• Integrity leverages classification model, values, spec sheets, abbreviations, UOM and more from Harmonize
Verdantis, material master data cleansing and governance
Artificial Intelligence: Suite
• AutoClass, AutoSpec, AutoNorm, AutoCrawl.
• Repeatable processes with 12 years training across over 100 M MRO and 4 Trillion Lines of Direct Transactional Spend
Harmonize: Self-service, Verdantis, Hyrbid
1. High speed repeatable processing by custom batches by any definition such as category, supplier, location etc.
2. Collaborative workflow to bring right resources into project at just the right time by batch.
3. Over 3700 Verdantis Data Template Spec Sheets base for MRO.
• Determine POC Objectives and Scope• # of Item Masters and Source Systems• Select Data Sample• Language requirements: Free English• Select Taxonomy & Attribute Templates
• Verdantis Processes Data • Fully Classify POC data set• Fully Cleanse a subset of data • Non Source Enrich a subset of data• Flag duplicates for processed Items
• On-site Review of Deliverables• Data Analysis and Output• Draft Budget Proposal• Business Case Recommendations