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Benefits vs Excell for Classification Projects

Posted by Convergence Data Team on Sep 17, 2020 11:15:14 AM

We often hear from potential clients about the roadblocks they face trying to use Microsoft Excel for their classification projects. 

This video covers the issues in trying to manage the organization of the data in Excel and then sharing with key product managers to collect feedback.

We demo easier ways to execute many of those Excel-challenged activities using DFR – our classification software and database.

The start of the video provides an overview of DFR. We then get into reviewing the excel shortcomings many companies experience and how DFR helps mitigate them.

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Topics: Classification, Data Cleansing, convergence data, Cost Reduction, Cost Savings, Part Standardization, Duplicate Analysis, categories, classification structure

3 Approaches to Complexity Reduction

Posted by Richard Turner on Dec 1, 2018 3:00:00 PM

Reducing complexity of your direct material supplier parts can help drive significant savings within your company. Similar to our recently published blog which described the importance of conducting internal price benchmarking activities as a prerequisite to competitive benchmarking on a company’s direct material purchases. In both scenarios it’s surprising what you find when you are able to cleanse and enrich your purchase part data,  it can expose a variety of opportunities to reduce direct material spend without having to make major changes to your products. To reduce the complexity, we recommend grouping your direct material spend into these 3 groups:

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Topics: Governance, Classification, Manufacturer Parts, Data Cleansing, Part Cleansing, Part cost, Benchmarking

5 Critical Classification Requirements You Must Know

Posted by Richard Turner on Nov 29, 2018 12:30:00 PM

Taking the right approach to implementing a good classification structure will yield many benefits to your organization. However, if you don’t do the right up-front planning, you may end up with significant rework or your program may just stall or die.  There are some important steps to take early in the planning phases to help insure your program is a success providing critical benefits to your company. CDS will leverage its 15+ years of experience executing challenging classification programs across a variety of industries and companies to help you successfully plan and execute a new classification structure inside your organization.

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Topics: Classification, Data Cleansing

PLM World: Indianapolis May 8-11th 2017

Posted by Alison Luna on Apr 19, 2017 11:12:44 AM

We are excited to be participating in PLM World again this year.  We will be presenting jointly with our customer National Oilwell at the conference – Transforming Part Data for Optimal Teamcenter Effectiveness at National Oilwell. Wednesday May 10, 2017 (10:15 AM - 11:00 AM) in Room 2016. If you can’t make the presentation, visit us at booth 506 during exhibit hall hours Tuesday-Thursday.

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Topics: Classification, PLM World, Teamcenter, Data Cleansing, National Oilwell Varco

2016 Top Data Quality Blogs

Posted by Alison Luna on Dec 21, 2016 1:17:00 PM

 

Convergence Data knows the importance of your part data. We know that part data is a core asset for your company, and the quality of that data is fundamental to the health of the business and the bottom line. Start the new year right with a review of the best ways to get your data clean in 2017. Below is a recap of the top 2016 data quality blogs we published to help you stay on top of your company’s core assets in the New Year.

 Top 5 Data Quality Blogs of 2016:

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Topics: Governance, Cleansing Data, Classification, Duplicate Parts, Manufacturer Parts, Data Cleansing, Part Cleansing, 2016 Top Blogs, Part cost, Benchmarking

4 Key Factors to a Successful Part Cleansing Project

Posted by Alison Luna on Nov 9, 2016 10:47:45 AM

As Steven Covey noted in 7 Habits of Highly effective people  you should begin with the end in mind.  When starting a direct materials data cleansing project, you need to ask yourself, what is the goal of improving the direct materials data?  Cost savings? Sourcing efficiency? Improved insight through reporting and analysis?  To answer these questions and achieve success, engineering and procurement need to work together to obtain the answers. First you need to know what are the overall company goals? From there all the following questions can be answered.

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Topics: Governance, Classification, Product Analytics, Manufacturer Parts, Data Cleansing

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