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Forging value through data refinement
Unclear, inconsistent, and incomplete product data makes the identification of duplicate or similar products difficult,
resulting in inefficient and more expensive procurement.
By cleaning up product data, your company can save from 15% – 30% on procurement costs annually; consolidate inventory;
eliminate duplications; streamline procurement; enable efficient searching and matching; generate standardized product descriptions in any language;
and analyze spend data.
The DataRefiner Suite: Product data refinement
Refining data involves taking raw, unstructured, incomplete, and inconsistent product data located in different databases and transforming it into rich, high-quality master data
that can be used across the enterprise, as well as maintaining ongoing data quality.
The DataRefiner Suite comprises:
DataRefiner Factory
DataRefiner Factory refines product data —
transforming poor quality data into rationalized master product data
Formalizes product descriptions into a tokenized, translated, and formal structure
Clusters products into homogenous clusters based on the product description
Classifies products according to any given taxonomy system
Extracts values from product descriptions and assigns them to the relevant attribute
Identifies duplicate or similar products based on their technical attributes-values, according to the user's strategy
Generates standardized product descriptions in any language, length, or structure |
DataRefiner CheckPost
Real-time data quality firewall to protect master data
Creates new product listings through an intuitive, standardized, and controlled process
Enables the creation of a new product listing at anytime, by anyone, through a wizard-like Web-enabled application
Ensures that the newly created product listing complies with organizational standards and regulations
Prevents the creation of duplicate product listings according to the organizational strategies and definitions
Suggests same, similar, or alternative product listings when new product listing is rejected by the system
Interfaces and integrates with wide variety of organizational systems and business processes
DataRefiner MetaMatch
Matches customer product data with supplier data to facilitate tenders and RFPs —
rationalizes RFP listing and matches technical attributes in customer RFP with the same or similar products in supplier database
Rationalizes the product data listed in the RFP (see DataRefiner)
Matches the rationalized product list (RFP) with the master product data; matches pre-defined technical attributes and values by various user-defined strategies
The DataRefiner Suite is the ideal solution for companies implementing Product Information Management (PIM),
Master Data Management (MDM) systems, supply chain optimization, lean manufacturing initiatives and data governance initiatives, and purchasing consolidation
following mergers and acquisitions.
Contact an InQuera representative to find out how DataRefiner can benefit your business.
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