Many companies still struggle to get a consistent, timely answer to the question: Who are our suppliers and how do we interact with them? While it may seem like a simple question, the answer is hard to get because the people entering the data are participating in an operational process without thinking about analytics being layered on top. For example, while entering a new supplier into an ERP system, the user’s objective is to be able to source from this supplier — they have little thought for analytics which may occur down the line. Here, data is being treated as an operational exhaust, so it’s no surprise that subsequent analytics fail. But with Tamr’s data mastering and enrichment solutions, companies looking to streamline supplier management across their organization can create trusted views of business-critical data for analytics and operations.
Get all of your supplier information in one place to find true value
Join internal and external datasets to create a comprehensive view of all activity with a supplier and create accurate, complete data about the suppliers your organization works with.
ERPs: This is often the starting point, since it contains the raw data created from transactions and supplier interactions. Cleaning up this data is fundamental to being able to answer, “who are our suppliers?”
Procure-to-pay: Once this system is a critical part of your accounts payable process, it becomes a key source of supplemental information about specific interactions with suppliers.
Firmographics data: External data sources such as Dun & Bradstreet help understand company hierarchies, ownership structures, and physical locations, all of which are necessary to understand the composition of your supply base.
Validation services: Services such as SmartyStreets and Melissa Data review the validity of addresses, emails, and other attributes that are needed to interact with (and pay!) suppliers.
Compliance: Global watch lists, typically provided by governments, are required to understand if a new or existing supplier is prohibited from participating in your supply chain.
Sustainability: These datasets, which are provided by firms such as EcoVadis, have become more popular over the past few years as more companies aim to measure sustainability risk in their supply chain to avoid being blindsided by regulation changes or negative press.
A solution built on patented, innovative machine learning technology
Tamr’s data mastering and enrichment solutions make it easy to integrate internal and external data sources quickly to power analytic insights and drive business outcomes. Our integrated turn-key solutions combine machine learning optimized for scale and accuracy, a low code/no code environment, and data enrichment built into the workflow to streamline operations.
Be prepared for shifts in demand with a holistic view of global suppliers
With Tamr Supplier Mastering, you can optimize suppliers, manage inventory, and enhance procurement strategies to fuel procurement analytics and realize cost savings.