Vendor master services

 

Suppliers move, merge, change ownership, name and location. All these unforeseen events impact the accuracy of your data, which can cause processing errors or, even worse, supply chain disruption.

A recent study by the world’s leading research and advisory company Gartner evaluated the annual cost of supplier data management to be around $500 per supplier, though the level of accuracy is still low.

Transparent’s Vendor master services consist of Vendor master data (VMD) cleansing and VMD enrichment.

Services at a glance
As part of our unique Vendor master services, we will identify inactive, incomplete and duplicate vendors, provide a report to enable you to make adjustments, and offer advice to further improve your vendor master data.
The end result for your business will be:

  • Simplified processes
  • Greater efficiency
  • Cost reductions
  • Increased compliance
  • 360-degree visibility