Book a Demo
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

Learn more about how our MDM solutions can help.

Latest Resources
Learn about how other top companies are solving their data management challenges.
Riversand and Syndigo. 1+1= …11?
Customer Perspectives: Workhuman’s PIM/MDM Journey with Riversand
What Are the Most Overlooked Challenges of Master Data Adoption? 5 Easy Steps to Address MDM Change Management
Functional Interface Vs. Pretty UI: How to Determine the True Value of MDM

Book a Demo