Manufacturing Industry
Sniffing out the hidden spend.(PPG Industries)
Purchasing, March, 2004 by Hannon, David
The key to making the most of a spend analysis project is getting item level spend centralized and normalized. The more spend you can see, the more effective a spend analysis tool will be. Pittsburgh-based PPG Industries took this strategy and captured more than 95% of its spend (more than $5 billion) from 23 data sources in a centralized staging database before driving it to a spend analysis tool.
PPG automated a portion of the data normalization process that takes place in the staging database by creating tables and running processes on the data, an internally developed data cleansing application based on natural language processing technology to manually identify commodity codes and map common suppliers together where necessary. Direct materials are...
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