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Vendor Enablement Process Optimization For A Multi-National Energy Conglomerate Case Study
Case Study

Vendor Enablement Process Optimization For A Multi-National Energy Conglomerate

Client

A fortune 500 American multinational conglomerate operates through the multiple segments like aviation, healthcare, power, etc.

Industry 

Manufacturing

Region

United States of America

Vendor Enablement Process Optimization For A Multi-National Energy Conglomerate Case Study

Challenges

The client had more 50,000 suppliers around the globe and they wanted to reach out to them for collecting mandatory data.

They wanted a Centralized repository to be access vendor-specific information at a single location, including mutual non-disclosure agreement, supplier integrity letter, country-specific tax documents, etc.

Solution

After a thorough due-diligence, Datamatics recommended a centralized repository for helping the client collect data from globally located vendors.

Datamatics implemented iPM powered web-based e-supplier portal to improve the visibility, use standard templates and create a transparency between channel partners & the client by providing real-time status updates.

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Impacts

30% Cost savings

30%

Cost savings based on manual baseline

Institutionalized an online validation process of vendors’

 

Institutionalized an online validation process of vendors’ master data in the e-supplier portal

Set up a workflow-driven approach

 

Set up a workflow-driven approach for approval routing and e-mail notifications

Provided auto-alerts and reminders to suppliers

 

Provided auto-alerts and reminders to suppliers based on the specifications

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