Tag Archives: Cognizant

How Much is Poorly Managed Supplier Information Costing Your Business?

Supplier Information“Inaccurate, inconsistent and disconnected supplier information prohibits us from doing accurate supplier spend analysis, leveraging discounts, comparing and choosing the best prices, and enforcing corporate standards.”

This is quotation from a manufacturing company executive. It illustrates the negative impact that poorly managed supplier information can have on a company’s ability to cut costs and achieve revenue targets.

Many supply chain and procurement teams at large companies struggle to see the total relationship they have with suppliers across product lines, business units and regions. Why? Supplier information is scattered across dozens or hundreds of Enterprise Resource Planning (ERP) and Accounts Payable (AP) applications. Too much valuable time is spent manually reconciling inaccurate, inconsistent and disconnected supplier information in an effort to see the big picture. All this manual effort results in back office administrative costs that are higher than they should be.

Do these quotations from supply chain leaders and their teams sound familiar?

  • “We have 500,000 suppliers. 15-20% of our supplier records are duplicates. 5% are inaccurate.”
  • I get 100 e-mails a day questioning which supplier to use.”
  • “To consolidate vendor reporting for a single supplier between divisions is really just a guess.”
  • “Every year 1099 tax mailings get returned to us because of invalid addresses, and we play a lot of Schedule B fines to the IRS.”
  • “Two years ago we spent a significant amount of time and money cleansing supplier data. Now we are back where we started.”
Webinar, Supercharge Your Supply Chain Apps with Better Supplier Information

Join us for a Webinar to find out how to supercharge your supply chain applications with clean, consistent and connected supplier information

Please join me and Naveen Sharma, Director of the Master Data Management (MDM) Practice at Cognizant for a Webinar, Supercharge Your Supply Chain Applications with Better Supplier Information, on Tuesday, July 29th at 10 am PT.

During the Webinar, we’ll explain how better managing supplier information can help you achieve the following goals:

  1. Accelerate supplier onboarding
  2. Mitiate the risk of supply disruption
  3. Better manage supplier performance
  4. Streamline billing and payment processes
  5. Improve supplier relationship management and collaboration
  6. Make it easier to evaluate non-compliance with Service Level Agreements (SLAs)
  7. Decrease costs by negotiating favorable payment terms and SLAs

I hope you can join us for this upcoming Webinar!

 

 

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Posted in Business Impact / Benefits, Business/IT Collaboration, Data Integration, Data Quality, Manufacturing, Master Data Management | Tagged , , , , , , , , , , , , , , | Leave a comment

What Happens in Vegas … Is the Future of Customer Experience

Today, it is not uncommon for retailers to have multiple brands and several channels through which they sell their products. Due to changes in social behavior, consumers are demanding retailers provide relevant and interactive experiences at every touch point.

The Retail Path at Informatica World 14 is your chance to engage with the world’s leading retail brands and industry experts. The retail path covers topics such as expanding product assortment, introducing new products and reducing supply chain costs.  It will focus on driving customer loyalty using social, local, mobile and customer feedback. You will learn about unique customer experiences with relevant information, analytics and relationships between data and people.

These sessions are great for leaders in ecommerce, marketing, supply chain retail and product management. They’ll be held during the MDM pre-conference (May 12) and Informatica World Retail Path (May 13-15).

SNEAK PREVIEW OF RETAIL PATH SESSIONS, MAY 13th

Omnichannel Commerce

Omnichannel commerce for the always connected customer.

NIKE: Creative Uses of Informatica Data Quality and Data Services Nike has pushed the limits of Informatica Data Quality and Data Services by re-imagining uses for reference tables, scorecards with associated metadata, web services, and more. Learn how Nike adds value to its business customers and increases ROI by adding virtualization through data services. Speakers: Teresa Mains, Corbett Oliver, Udaya Vepakomma

Point of Sale: Retrieving your POS data in Near Real TimRetailers know that capturing Point of Sale (POS) data in a timely manner can drive customer loyalty and merchandising efficiencies. In this session, Intricity shares how the powerful Informatica Platform has enabled it to capture POS data in near real time — enabling its retailers to share brick and mortar inventory with web stores, drive intraday targeted marketing, and provide customers with the convenience of in-store pickups. Speaker: Arkady Kleyner 


Nordstrom: Customer Service at its best – How Information Powers Nordstrom’s Customer Centricity Strategy

Known for its quality products and customer service, Nordstrom never stops innovating. Learn how Nordstrom uses “personal book” to drive revenue through customer personalization. Speakers: Vaidyanathan SeshanGopinath Raghavan

Avnet: Using Informatica B2B Data Exchange and B2B Data Transformation to Expand Your Trading Partner Portfolio
Business to Business (B2B) transaction automation is pursued by companies of all sizes due to the efficiencies and message integrity inherent to transactional automation. This session will explain how Avnet’s use of Informatica B2B Data Exchange and Data Transformation empowered its business to establish B2B integrations with small and medium size trading partners. Speakers: David Crowell, Anthony Daniel

And more…

SNEAK PREVIEW OF PRE-CONFERENCE MDM DAY, MAY 12th

Keynote: Deloitte’s Digital Influence - The New Digital Divide
The growing gap between the needs and expectations of shoppers and the digital experience brands and retailers are offering them.
Speaker: Jeff Simpson, Director, Deloitte

Best Practice: Transforming your business for tomorrow’s commerce – best practice with product information management
Geiger is the largest privately held promotional products distributor in the world and is the only distributor ranked in the “Top 10” for the last 30 straight years. In this energetic information-packed session, “The Selling CIO”, Dale Denham will talk about the role of product information in ecommerce and how it improved Geiger’s ability to promote and sell promotional products. Attendees will learn how to achieve business goals by identifying the critical steps involved in implementing a Product Information Management (PIM) system. Additionally, this session will cover how to use data and technology to support agility in sales and marketing operations.
Speaker: Dale Denham, CIO, Geiger

Panel discussion with sponsoring partners and speaking customers:

The global digital revolution: How vendors, distributors, retailers and individuals interact in the always on and connected world.
Moderator: Ben Rund, Sr. Director Product Marketing PIM & Procurement, Informatica

Innovations Connecting Buyers and Suppliers – What’s new in PIM and Procurement, Roadmap
Speakers: Stefan Reinhardt, Product Manager PIM, Jakki Geiger, Sr. Director Product Marketing MDM

Holistic Data Governance: A Framework for Competitive Advantage
Speaker: Rob Karel, VP Marketing & Strategy MDM

Four high value workshops, presented by domain experts and industry specialists:

  1. Workshop “Future of commerce use cases”: How recommendation, targeting, ecommerce, social and mobile need to leverage product information. Moderators: Nagesh Kanumury, Principle Product Manager & Rich Dase, Ideosity
  2. Workshop “Business use cases of collaboration and Business Processes Management”: Product information and beyond. Moderators: Daniel Walter, Product Manager PIM & Nimish Mehta, LumenData
  3. Workshop “Why business users required quality data”: use cases, rules, roles, dashboards and important KPIs. Moderators: Stefan Reinhardt, Product Manager PIM & Matt Wienke, Infoverity
  4. Workshop “Connecting the dots”: Business use cases leveraging the relations of different master data. Commerce Relevancy: Customer segmentation and product personalization. Supplier spend management and supplier catalogs. Moderators: Markus Schuster, Sr. Director Product Management PIM & Procurement & Naveen Sharma, Cognizant

Save your chair at this high value pre-conference day by signing up HERE.

Please feel free to contact me  (brund@informatica.com, +1 650 385 5151) or Cathy Wright (cawright@informatica.com, +1 650 385 5151) if you have any questions, or if you would like us to consider additional topics for the agenda. We look forward to seeing you at the MDM Day meeting on 12th May in Las Vegas.

 

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Posted in Informatica World 2014, Master Data Management, PiM, Product Information Management, Retail | Tagged , , , , , , , , , , | Leave a comment

Three Chances to Dig Deeper into MDM

I’m astounded by the incredible turnout and response to MDM Day and other MDM-related events at Informatica World, and again, I see this as a sign of MDM’s importance in the business world. Attendees told their stories, swapped best-practices, and shared their visions of using MDM to improve up-sell, cross-sell, and other important business metrics. But now let’s keep the momentum going. Here I want to tell you about three free webinars that will help you to dive more deeply into MDM, and take your initiatives to the next level. The first is for any large organization, and the other two are for pharmaceutical companies. (more…)

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Posted in Cloud Computing, Enterprise Data Management, Life Sciences, Master Data Management, SaaS | Tagged , , , , , , , , , , | Leave a comment

Cloud-Enabled MDM Comes of Age: Cognizant Delivers First SaaS Solution Built on Informatica MDM

The industry’s first cloud-based solution for master data management (MDM) has arrived, signaling the emergence of a new architectural model for MDM that can offer rapid time to deployment without substantial capital expenditures.

Cognizant, a leading provider of IT and consulting services, is rolling out a solution called Cognizant MDM-in-the-Cloud for Life Sciences. Built using Informatica MDM at the core technology, it’s designed to help pharmaceutical and medical device companies to realize a complete, accurate view of monetary gifts and in-kind transfers made to physicians, including gifts, entertainment, consulting fees, meals, research funding, and more.

(more…)

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Posted in Business Impact / Benefits, CIO, Cloud Computing, Data Quality, Enterprise Data Management, IaaS, Informatica 9.1, Master Data Management, News & Announcements, PaaS, Partners, SaaS, Vertical | Tagged , , , , , , , , , , , , , , , , | 1 Comment

Siperian Wraps Up The Best Ever User Conference!

Now that we’re back in the office from last week’s Siperian’s 5th user conference, it’s apparent that the event was quite a success. The two days went quick, which says to me that we got the format, presentations and atmosphere right. There was a lot of enthusiastic response to the technical tracks, and with 270 people, this was our largest user conference, ever!

I wrote in a previous post that multidomain MDM was emerging as Topic A at the conference, and that was definitely the case. John Radcliffe’s keynote addressed it and several customers gave presentations demonstrating multidomain implementations as well. It’s a subject we’re definitely going to be hearing a lot more about. Two other trends to watch: increasingly creative use of Siperian Business Data Director, and corporations turning to system integrator partners to gain value from MDM as quickly as possible. Our inaugural GOOEY Award winners were a clear indication on this score.

The winners, Cognizant and Wipro, are both Siperian system integration partners who have been leveraging Business Data Director to build viable and replicable business-specific solutions on top of the Siperian MDM Hub. Wipro has enhanced its Reference Data Management solution for banks with reject management analysis capability, which improves the quality of data within Siperian MDM Hub. Cognizant, focusing on data governance, added Business Data Director to its MDM-in-a-Box for Life Sciences solution, thereby helping its customers to reduce downstream data management issues and improve decision making by business users.

With 14 leading partners sponsoring the event, we received good feedback from both customers and partners on the structure, content, and speakers. Here’s to a yet another successful user conference!

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Posted in Data Governance, Master Data Management | Tagged , , , , , , , , , , | Leave a comment