Vendor MasterDatabase Management SoftwareUpdated on Oct 7, 2014 View more like this | Visit RARITAN, NJ | Contact SynapZen |
Vendor Master
A Vendor MDM solution can bring together data from just about any source to deliver analyses and general visibility that were not available previously, enabling organizations to find gold in unexpected places. Companies must think about MDM as a potential business platform to drive multiple initiatives, not just a tactical checkbox tool.
SynapZen’s Vendor MDM Hub can help organizations centralize Vendor data stored in multiple systems, enrich using various means like online searches, etc… and providing holistic data management tools. By transforming the process and technology landscape using SynapZen’s MDM technology, customers can dramatically reduce supplier management costs, avoid supply chain disruptions by proactively managing supplier risk, and accelerate time-to-market through optimized supplier discovery and performance management.
SynapZen MDM’s Vendor Master Hub enables clients to significantly improve on Vendor consolidation, rationalization and support-related initiatives.
The SynapZen MDM hub allows our clients to achieve the following goals:
• SynapZen's MDM Hub creates a 360 degree view of your Vendor data and keeps this information most accurate and up-to-date using all internal and external sources. This provides a foundation for various initiatives undertaken by Purchasing, Finance, Accounting and Operations teams.
• The SynapZen MDM Hub provides state-of-the-art tools to perform functions such as Standardize, Cleanse, Validate, De-duplicate, Search, Relate, Resolve and Governance for all types of Vendor data. These tools can be extended and configured to each client's specific business requirements.
• The SynapZen MDM Hub provides automation tools, reducing time-consuming tasks requiring manual intervention to be standardized into repeatable processes. By standardizing your processes and setting expectations for service levels, you can increase vendor loyalty, leading to improved supplier satisfaction rates.
• SynapZen's MDM allows you to build KPI’s around customer service. With our MDM technology you can easily reward vendors by measuring performance and offer incentives based on their level of service, all closely tied to goals.
• The SynapZen MDM is a robust tool and program which provides management more visibility into the status, progress and results of sourcing projects. SynapZen's MDM Hub provides a powerful technology solution to improve consistency in your sourcing process.
