Cleaning and understanding the master vendor file, while establishing controls can have huge effects on how you’re able to conduct business, giving you more bang for the buck through cash discounts and volume rebates. It will allow analysing and managing Spend and also any renegotiation based on your purchases. To maintain the integrity of your vendor file through scheduled reviews and continuous monitoring. A clean master vendor file delivers cost savings and increases time efficiencies throughout your company by providing user friendly and accurate information.
Vendor Data Cleansing
Grihasoft helps organizations with Vendor / Supplier Data Management Services like supplier data rationalization, vendor master cleansing, and supplier data analysis. We help the customers to create a clean “Vendor / Supplier Master Profile”.
Vendor / Supplier Identity – Uniquely identify an individual supplier with international naming convention.
Vendor / Supplier Business Details – Provide more granular details about the identity, such as Parent / child relationship, Subsidiaries, HQ or local location, contact, LEI and other details.
Supplier Profile Details – Goods & services, applicable classifications.
This process involves the identification of the postal address of the entity, normalisation of the names (as per the copyright values) through web scraping.
The process steps include visiting web pages and extraction of information, if not found, we try to capture information from open web source.
ILLUSTRATION
| BEFORE | AFTER |
|---|---|
| GRIHA | GRIHA SOFTWARE TECHNOLOGIES PVT. LTD |
| BANGALORE, INDIA | # 466, “SUGRIHA”, 2ND Main, 9Th Cross, RBI Layout, JP Nagar 7Th Phase, Bangalore – 560 078 |
|
PH: +918067415606 Website: www.grihasoft.com |
Grihasoft offers supplier classification services. Supplier classification done to classify businesses by the activity they are in. Classification is done against SIC or NAICS standards. Classification is a best tool to profile suppliers (market segmentation) and helps to determine the true view of Spend composition.
SIC (Standard Industrial Classification)
SIC is perhaps the oldest supplier classification standard (since 1937). Standard Industrial Classification (SIC) codes are four-digit numerical codes assigned by the U.S. Government to business establishments to identify the primary business of the establishment. The classification was developed to facilitate the collection, presentation and analysis of data; and to promote uniformity and comparability in the presentation of statistical data collected.
SIC Code for Griha Software Technologies
| 73 | Business Services |
| 737 | Computer Programming, Data Processing and other Computer related Services |
| 7374 | Computer Processing, Data Preparation and Processing Services |
NAICS (North American Industry Classification System)
NAICS was developed as the standard for use by Federal statistical agencies in classifying business establishments for the collection, analysis, and publication of statistical data related to the business economy of the U.S.
Since 1997, SIC has been superseded by NAICS, a 6 digit numerical code standard.
| 5419 | Other Professional, Scientific, and Technical Services |
| 54199 | All Other Professional, Scientific, and Technical Services |
| 541990 | All Other Professional, Scientific, and Technical Services |
