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Success Story

Services: Data & Analytics​

Technology Platform: AI/ML​

Industry/Domain: Energy

Supplier Data Consolidation & Cost Optimization

Client: A major U.S.-based retail enterprise with a global presence, recognized for delivering high-quality products and exceptional customer service across markets.​

 

Business Requirements​

To streamline supplier data management and improve financial efficiency, the client sought to:​

  • Unify Supplier Information Across Systems
    • Centralize supplier data spread across various IT systems for improved visibility and control
    • Standardize supplier records across regions to enhance reporting accuracy
  • Optimize Spend Analysis & Tracking
    • Capture and structure spend data from invoices for detailed analysis
    • Classify expenses into meaningful categories to uncover trends and insights
    • Integrate third-party APIs to establish consistent supplier hierarchies
  • Drive Cost Efficiency Through Analytics
    • Identify price anomalies and savings opportunities by SKU, supplier, and region
    • Implement an analytics layer to track and manage indirect spend

    • Enable strategic financial planning to lower procurement costs

 

How Consulevent Solved It

  • Supplier Data Integration & Standardization
  • Spend Data Structuring
  • Supplier Hierarchy Mapping
  • Analytics-Driven Cost Optimization

 

Looking to gain clarity on your supplier ecosystem and reduce costs through data-driven insights?

Partner with Consulevent to unify, analyze, and optimize your enterprise data

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