New Hampshire, December 20th, 2018 – Enventure today announced that it has bagged a 12-month contract with a global developer of electric power transmission infrastructure, to collaboratively drive their vision in achieving Master Data Excellence by 2020.
The client is one of the world’s leading integrated power transmission developers and one of the largest suppliers of integrated optical fiber to Europe, China and South East Asia. With manufacturing facilities across the globe and increased rate of business growth, they realized that Master Data Excellence was critical to efficiently managing inventory and ensure control over their supply chain costs. The first challenge was to optimize the indirect material master data and the vendor master, so they could improve spend visibility and correct current purchasing practices. The client also realized that a harmonized, accurately classified and attribute enriched material master data enables enterprise-wide resource optimization and supports informed business decisions
Enventure has over 20 years of expertise in helping organizations address their supply chain challenges through effective master data programs and clients have constantly realized both short and long term ROI from project engagements. This has been enabled using Enventure’s proprietary tools and technology, combined with industry specific domain knowledge for Energy, Healthcare, Mining, Manufacturing, Food & Beverage industries.
Enventure’s comprehensive solution will provide the client:
• A robust data model and framework for managing material and vendor data
• Well defined material and vendor master data taxonomy
• Standardized naming and classification conventions
• Clear measurable data quality metrics
• Cleansed, enriched, normalized and deduplicated material and vendor master in a single centralized repository
• Process driven data governance to prevent data duplication at source and keep it clean and up to date
“We completed a pilot engagement in the last quarter with the client and they were very happy with the results from that, which led to the award of this contract to Enventure. We have always delivered high quality and consistent material data to clients in the shortest turnaround time. Our solution provides real-time visibility of cross-plant inventory, inventory optimization opportunities and improved spend leverage,” says CK Bharathan, VP Operations at Enventure.
Enventure Engineering LLP (www.enventure.com) is a privately-held, ISO 9001-2015 & ISO 27001-2013 certified Master Data Management and Engineering Services company, with clients in North America, Europe, Middle East, Australia and Asia. Enventure has been serving clients across the globe since 1997. Today, Enventure is a preferred supplier of Engineering and Master Data Management services to companies ranging from Startups to Fortune 500, across various industry verticals such as Hi-tech Electronics, Construction, Automobile, Medical, Power & Water, Oil & Gas, and Industrial Manufacturing. Enventure provides a wide array of services to Clients, in areas such as Master Data Management, Asset Management, Plant Design Engineering, Building Engineering, Product Design, Technical Documentation, Component Engineering, and Environmental Compliance Support.