Perform tracking of contract usage over time and identify and collect on rebates, tiered pricing, and other discounts along with remuneration changes or penalties related to service-level agreement issues. Proactively adjust invoice payments in order to account for reduced payments. Issue supplier notifications and address supplier queries and disputes
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Gather large volumes of data including those having a mix of qualitative and quantitative measures. Standardize scorecards of supplier segments. Capture, analyse, and produce meaningful summaries for executive-level discussions periodically
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Scan emails and highlight suppliers having the largest numbers of escalations and interactions. Help procurement staff determine whether the time spent on a supplier is in line with its relationship type such as being either strategic or tactical.
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Facilitate easy transition of clients to purchasing card form of payment. Electronically email designated suppliers notifications about customers' intent of switching to purchasing cards and gather relevant information using simple, web-based forms. Utilize the gathered data and interface with the client’s accounts-payable system in order to facilitate establishment of the required electronic interchange
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Conduct supplier due diligence across a number of risk categories pertaining to processing, reviewing, and scoring supplier data of key risk indicators quickly. Reduce turnaround time and increase efficiency
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Perform background checks, supplier document review and supplier follow-up in cases of missing information or documents. Initiate background checks and perform steps for onboarding suppliers, increase accuracy and timeliness and drive enhanced supplier collaboration
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Ingest and digitize paper invoices submitted by suppliers and perform checks for missing information, supplier name in the system, purchase order limit and actual contract payout. Follow specific rules and use intelligent automation to address exceptions. In case of differences, prevent invoices from being paid and initiate data requests from suppliers for gathering correct information for addressing discrepancies.
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Review contracts and compare them against best-in-class templates. Flag non-standardized terms and conditions and help procurement personnel address large volumes of contracts that are tactical or non-strategic in nature
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Classify procurement transactions as they are requisitioned. Leverage machine learning and fuzzy logic for identifying likely category assignments based on the requisitions' text. If the information is insufficient to assign a category, initiate follow-up questions to the requisitioner or to the supplier in order to identify spend category
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Perform data extraction, loading and transformation (ETL) in the procurement processes along with reporting and analytics. Procure goods and services at specific times and store this data in specific locations. Perform data transformation after extracting the data from systems
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Create a detailed list of all the parts, which are required to create a finished product, in a hierarchical manner for recurrent and on-going development
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Monitor and supervise the flow of finished goods from the manufacturing outfit to the warehouses, to the wholesalers, and then to the point of sale so that there is no stock-out
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Track the products in the inventory and raise alerts to the concerned stakeholders and inform the procurement and production units when the inventory falls below a specified threshold
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Monitor and manages the raw material and parts for seamless production and send alerts to the procurement department or the vendors when it diminishes below the threshold
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Auto-confirm if your stocks are in order. Auto-define thresholds and communicate to stores in a timely manner before conducting weekly inventory cycle audits. Auto-reconcile quantities for each brand for each store. Auto-validate all critical and high-price tag items in each store in an online mode. Track progress against an annual audit plan and track and monitor Key Risk Indicators (KRIs). Automate repots, dashboards, and scorecards to offer a bird's eye view to the management. Automatically evaluate data quality in the systems and master data files. Auto-check for completeness of fields and duplicates
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Datamatics is a technology company that builds intelligent solutions enabling data-driven businesses to digitally transform themselves through Robotics, Artificial Intelligence, Cloud, Mobility and Advanced Analytics.
