Challenge: Reduce costs and gain control over 70+ districts, representing 800+ locations. Client headquarters had very limited visibility into overall purchasing patterns and minimal ability to enforce its national purchasing contracts. Item master had grown to over two million part numbers.
Solution: Obtain a critically needed, consistent view of vehicle replacement parts purchases.
PartsRiver provided:
- Capture of raw parts price sheet and parts master data in both electronic and paper formats through its proprietary any-to-any EFTL tooling
- First-stage algorithm-based scrubbing and purification process to eliminate data errors and redundancies caused by keying errors
- Normalization process to map OEM part numbers to the correct component manufacturer part numbers
- Tagged parts with correct vendor and price attributes and applied client’s business rules
- Reduced item master count from two million to less than 80,000
Result: PartsRiver’s Data Quality services saved the client a projected $50 million in annual hard cost savings by reducing parts spending.
A less than 120-day implementation of a cleaned, rationalized, and tagged master parts database: through their 3-step process of scrubbing, rationalizing, and attribute tagging, PartsRiver ensured the integrity currency and completeness of the client’s parts data.
" Our client concluded that the accuracy, speed,
and cost-effectiveness of the PartsRiver solution
were not available from any other source."