Depending on the business requirements, product masters, key components of business, can be very complex and involve multiple stake holders' validation. This often results in longer process cycle times, unintended duplicates and redundant data validation steps. These longer processes could take away valuable opportunity to manufacture and/or sell a product or service. Product Master creation / extension to other facilities has to be addressed avoiding duplicates both in effort and data. Similarly offboarding/retiring a product or service is as critical if not more to a business as costs of material stocks can directly affect bottom line of any business.
Product Data Management Solution powered by Process Factory® can comprehensively address key issues in Product Life Cycle and allow to Onboard or Offboard a Product or Service resulting in reduced process cycle times, collaborative participation of key stake holders and elimination of redundant processes. The solution also comes with a proprietary data validation solution using configurable search criteria to avoid duplicates, which can cause pain to data sanity.
- Configurable workflow to allow participation of key stake holders (Master Data Manager, Data Governance Team, Procurement, MRP Controller etc.).
- Mobile integration to allow faster and judicious decisions after data validation.
- Active status management for data readiness before the actual need using Cross Plant Status
- Validation for MSDS (Material Safety Data Sheets), HAZMAT and other regulatory requirements.
Costing and Procurement
- Automated Costing (Moving Average / Standard Pricing)
- Material Information set up for Procurement with detailed sourcing capacity
- Configurable data sources from both internal and external data
- Indexed search of structured and unstructured data
- Ability to pause, abort and continue process depending on severity of validation failure
- Notification to stake holders on possible duplicates to avoid unnecessary processing of invalid data.
- Configurable workflow to involve all stake holders in the process
- Mobile solution to enable faster decision making
- Preparing for production cessation.
- Notifications to suppliers / vendors / distributors and customer about cessation / alternatives to manage parts inventory effectively
- Availability Matrix for product stock
- Stock Transfer to business partners
- Publishing Product Offboarding
- Key Performance Metric Dashboards