The biggest cause of unnecessary increases in material stock is the proliferation of new codes in the ERP master data. Clearly there many reasons for this. New machines, production lines, product models, company acquisitions and mergers, are all factors that generate new codes in the ERP. New codes automatically mean new physical warehouse items (SKU), with associated purchase and storage costs.
But the question is: do we really need to create all these new items, or might we have some of them already in stock? And if we do, how can we find the duplicates in a database, or in several databases with different codes, descriptions and even in different languages? ERPs won’t help us for sure, because they are only designed to record data, without bothering about its quality or completeness.
TAM (Technical Attributes Management) is an application specifically designed for this problem, using semantics technology to identify SKUs that might be “the same”. The first step is to use semantics to classify the master data in a single ‘by nature’ taxonomy, ignoring the original codes or languages. The second step is to extract all the technical attributes, mostly from the descriptions, and normalize them automatically. The third step is to enrich the data with more information captured from outside sources, such as catalogues and technical spec sheets. Semantic technology performs these steps automatically and allows TAM to aggregate the SKUs that have the same technical attribute values. In this way, not only can we eliminate duplicates in existing data, with the immediate benefits of reducing SKUs, but we can also prevent new duplicates being created in the future.
For a company that has global reach, it can be a challenge to manage all your master data and have a clear picture of everything within your organization. With new master data codes, the odds of creating duplicate entries become ever more present. Creatives’ Semantic Technology allows us to automatically reconstruct your company’s master data from all the currently available data, whether it is structured or not. Once the data has been reconstructed, the software will continue to expand on the ontology of your master data.
In addition, one can use information or catalogues from websites to help enrich the descriptions of the items you are seeking, giving it the same appeal as your typical search engine.
With our software, we implement “human-like” reasoning to help you better understand your material master data.
No longer will you be plagued with duplicate stock or the finance department complaining about unnecessary purchases. Creatives’ Product Master Data Suite is perfectly designed to manage materialmaster data and as a consequence completely removes the possibility of overstocking saving you money in the process.
Find out more about Creactives’ Product Master Data Suite and get in touch with us today!