IBM Process Excellence (PEX) for Vendor Master Data Management
Managing Vendor Master
IBM PEX for Vendor Master Data Management application uses a proprietary IBM Process Excellence framework to help transform the Vendor Master Data Management process across three dimensions Efficiency, Compliance and Experience. Vendor master data management is crucial because it ensures that organizations can efficiently and effectively manage suppliers. This is essential for all organizations as they will often require many vendors to purchase services, goods, or raw materials. The added efficiencies brought about by practical vendor master data management also help strengthen vendor relationships, while supporting them in securing long-term success.
This is where IBM and Celonis Combine their Strengths:
Streamlined procurement processes, reducing order errors and delays.
Prevent overpayments due to duplicate records or incorrect payment terms.
Reduces the risk of non-compliance, penalties, and reputational damage.
Effective inventory planning and replenishment.
Features & Capabilities
The Executive Overview provides a first level view for top management to see KPI performance and their comparison with targets across efficiency, experience and compliance. Executives can determine in a glance where operational focus should shift. They can then drill down into the various analysis to identify opportunity areas.
The Trends view shows the progression of KPIs over time and helps in immediately identifying the performance deviations and cyclicity of KPIs. It can provide clues into areas for root cause investigation.
Rework analysis reveals execution gaps into changes in master data, incorrect details and distribution across attribute to find patterns and root causes of rework.
he Lead Time Analysis reveals where delays are occurring in the process with a detailed drill down into dimensions such as procurement category, material type, countries . The Operational Manager can then identify the root cause for such delays and where the greatest opportunity for improvement exists.
The Compliance analysis helps to control the compliance on duplicate vendors, bypassed approvals, payment term details, sustainability rating for vendors, incorrect material mapping . Knowing where problems may exist helps to eliminate risk to the business.
The analysis helps in providing visibility in best available vendors based on payment terms, material prices sustainability ratings.
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