"Supplier Clustering"

Website : in2inglobal.com
India number : +919552554566
Email : info@in2inglobal.com

Purchases from the same supplier with varied names, spellings, mis-spellings, and abbreviations are possible while collecting and integrating organisation transactional data e.g., same supplier spelled as “Federal Xpress” or “FedEx” and “Federal Express. A supplier's name may vary depending on geography, corporate entity, or subsidiary ike “IBM India Pvt Ltd”, “IBM Japan Ltd”, “Redhat”. Supplier clustering or Supplier Normalization is a technique used to maintain data consistency. The benefits are:

Helps customer groups based on the purchasing patterns
Helps to create reports, insights and then analyze the true consolidated spend.
Achieving the greatest volume of savings potential or saving opportunity.
Managing the number of suppliers for Pareto analysis.

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