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3 Ways to Attack The #1 Cost Driver

Posted by Richard Turner on Feb 9, 2017 10:59:28 AM

When it comes to controlling costs in business we seldom use the obvious tactics, especially if the solution relies on cross-departmental efforts. It is always easier to control your own department’s costs from within than to gain consensus from other departments. As a result, we default to what we know best, standard department cost reductions. But does this really make the biggest impact for the company? 

One example is Direct Material Cost, the cost of raw materials and components used to create a product. It is the most significant cost in manufacturing and can represent 50% of revenue for manufacturing companies. Yet it is often ignored as an area of cost reduction, or worse each department will attempt to reduce this cost independent of the other groups resulting in marginal cost benefits and unsustainable solutions.

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Topics: Part cost, Manufacturer Parts, Classification, Duplicate Parts, Governance

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

3 Key Teamcenter Data Migration Steps

Posted by Alison Luna on Aug 24, 2016 4:36:48 PM

You have heard it a million times before, garbage in garbage out, but how do you prevent bad data from going into your key systems like Teamcenter?  The answer is actually easier than you would expect, pre-planning, organizing classification models, and some up front data cleaning in a staging environment is the key.  Whether you are migrating several systems to one existing system or doing a new migration you should have a staging system (figure 1) where you consolidate classification structures, harvest and enrich data then normalize and validate the data.

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Topics: Teamcenter, Classification, Cleansing Data, Duplicate Parts

4 Critical Steps to Control Duplicates

Posted by Richard Turner on Jul 14, 2016 9:22:25 AM

Duplicate parts are the software bugs of the data world, hard to identify without specific tools and processes in place. If these “bugs” are not found in implementation they can be ultimately time consuming and costly down the road.  For these reasons it is crucial to get ahead of the issue as soon as possible, optimally during a data migration project or switch to a new platform.   For example, an SAP ERP data migration involving cleansing and classifying purchased parts from multiple legacy systems from US and International locations would be the perfect time to detect, isolate and deal with duplicate parts. The best case would be to have lead time of 6 to 12 months prior to the actual cutover to clearly find these duplicates and to give enough time to formulate the best plan to deal with these duplicates. Some may want to remove duplicate parts all together, while others may want to look for ways to consolidate and rationalize this data to help mitigate duplicate inventory, still others may want to associate them for purchaser’s reference for ordering and price comparisons.  Regardless of final goal for your company you first need to identify them through these steps.

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Topics: Data Cleansing, Duplicate Parts, outsourcing, Classification, Manufacturer Parts

2 Approaches to Cleansing Data

Posted by Ryan Donovan on Aug 19, 2015 10:10:00 AM

1. So you realize your data is a mess

Do you have good data? Can your engineers and designers quickly find parts to 

complete their design? Is your part data complete enough to determine if duplicates exist? Are your descriptions consistent and complete enough to sufficiently describe the form and functional specifications of the part? If you answered no, then perhaps it is time to cleanse your data.

After realizing you need to cleanse your data, the question becomes how to clean the data.

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Topics: Cleansing Data, Classification, Duplicate Parts

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