In any procurement system, buying organizations enables many suppliers to transact with and on-board their catalogs for purchasing process. All the suppliers will not have their catalogs in the format as per buying organization requirements. Menigma helps buying organizations in standardizing all of their supplier catalogs to required standards with various data cleansing services.
Product Information Management
A PIM is managing the information required to market and sell products through distribution channels. A central set of product data can be used to feed information to media such as web sites, print catalogs, ERP systems, and electronic data feeds to trading partners.
Enterprise-wide access to detailed Product Information is highly important in today’s Content Driven Commerce Environment. Manufactures, Distributors and Retailers expect rich, complete and accurate data to take key data-driven decisions on how to procure, sell and market products. Consumers expect rich data and images to make purchase decisions while managers require analytical data to make mission-critical decisions. As a result of increased information demands, the need for product data accuracy and consistency is a necessity.
Spend Data Cleansing
Spend analysis is the process of aggregating, classifying, and leveraging spend data for the purpose of gaining visibility into cost reduction, performance improvement, and contract compliance opportunities. It is part of the overall spend management process that includes analysis, award, and monitoring of corporate spend. Data cleansing solutions helps customers to organize and analyze spend data.
Inventory Data Cleansing
Menigma Inventory Data Cleansing is a service offering that helps you reduce costs from duplicate and obsolete inventory, minimize errors in buying and using replacement parts, and improve standards for inventory management. You can’t stop adding more parts and suppliers to your ERP and procurement systems, but you can remove duplicates, validate and categorize items, and normalize and enrich records.