properly. Our method of application maintains the industry.
Material Master
Material master contains descriptions of all materials that an enterprise procures, produces, and keeps in stock. It is the central repository of information on materials (such as inventory levels). Material master contains descriptions of a variety of data elements including part number, description and stocking codes.
ADVANTAGES
Material master is considered the core functionality for any ERP system using distribution or manufacturing type functions. The integration of all material data in a single materials database eliminates the problem of data redundancy
To maximize return on investment, the asset and inventory data must be accurate and in standardized form. Data cleansing / scrubbing, data analysis and data enrichment services can help improve the quality of inventory data. MMM Services helps companies to build database that ensure the integrity and accuracy of inventory information. With accurate and reliable database information, companies can maintain lower inventory levels and create “data-driven” purchasing.
Data scrubbing also called data cleansing, is the process of amending or removing data in a database that is incorrect, incomplete, improperly formatted, or duplicated and process fixes misspellings, abbreviations, and errors. Data is normalized so that there is a common unit of measure for items in a class, e.g. feet, inches, meters, etc. are all converted to one unit of measure. Data enrichment, also known as data enhancement, allows you to generate or append additional bits of data from other internal or external data sources to information already used in your organization.
Vendor Master
Vendor Master is fast emerging as an integral part of the procurement and related systems for enterprises. It checks and addresses issues pertaining to inefficient processes and erroneous reporting to the management. It also helps in standardizing various naming conventions for vendors.
ADVANTAGES
Data Aggregation
Data Cleansing
Data Collection Primary Sources
Data Collection Secondary Sources
Vendor Codification
This step provides the unique vendor code to all vendors across the group
The unique vendor code can be xxxx digit, running number
The unique vendor code will be sequentially assigned to each vendor by giving a running number starting from xxx1
Service Master
Service master is a consolidated list defining various services performed by the contractor in the plant. In case of various business units, it is advantageous to have a uniform structure / definition among various units of an organization to ensure standardization of service description and remove duplicates.
It is a Master file which contains all the information of a particular Service line item material used in the organization depending upon the views selected from the user departments.
Determination of requirements
A requirement for certain external services may arise in a user department of the enterprise. It may involve a particular project (for example, the translation of software documentation) or maintenance work (for example, the outsourcing of electrical work that becomes necessary on company premises).
Creation of service specifications:
When a requirement is established, a document is created in the system as the basis for the procurement process (this may be a purchase requisition, for instance). The document can contain a set of service specifications listing the necessary services in detail. However, in this early phase of the procurement process, you also have the option of doing without service specifications entirely and considering only the unplanned services by setting value limits.
Source determination/vendor selection
To be able to convert a requirement into a purchase order, you must determine a suitable bidder who is prepared to provide the necessary services. There are a number of different ways in which the system can support you in finding potential sources of external services. The source determination function is an instrument for analyzing and evaluating purchasing data that has already been entered in the system (in the form of service conditions or contracts, for example). If services for which there has been no previous requirement (and thus for which no source is currently recorded in the system) are requested, a bid invitation process must be carried out. You can replicate this bid invitation process using the RFQ/quotation facility for services.
Example of Service Master
Service Description: Repairing sidewalks inside plant
Purpose: Annual maintenance services
The UNSPSC Code
- Segment: Building & Construction Maintenance Services – 72000000
- Family: Heavy construction services – 72140000
- Class: Infrastructure building and surfacing and paving services – 72141100
- Commodity: Sidewalk construction and repair service – 72141105
- Final Code – 721411050000
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