Poor Data Management results in Higher Costs and Higher Risk

CUSTOMER STORIES

"Riversand helps Conoco deliver shareholder value during its SAP consolidation by providing strategic consulting, technology solutions and outsourcing services to tackle data quality issues and migrate to an industry standard schema and taxonomy."

Industry

Energy

Geographies

170+ Countries

Number of SKU’s

55 Million

Revenue

$12 Billion

As the third largest integrated energy company in the U.S., Conoco sources and procures materials from thousands of different suppliers across a wide variety of MRO products.

Turning Information into insight

Challenge

Risk of plant shutdown
Higher inventory costs
Increased procurement costs
Wasted productivity

Solution

Classified and restructured taxonomy to PIDX standard
Matched 200K+ free-text POs
One-time cleansing & on-boarding of 1.3M+ items within Material Master
Created 3.4K category-specific item templates

Benefits

Reduced global inventory costs
20% decrease in PO costs
15% productivity increase in data management
Reduced plant shut-down risk with easily identifiable spare parts

Let us transform your data into an asset

Poor Data Management results in Higher Costs and Higher Risk

Read Their Success Story

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