Semantic Fact is a master data enrichment and management platform. It will simplify the processes required to clean and enrich the master data describing the direct and indirect material in your ERP Material Master and asset management systems. We have built a platform optimized to manage MRO related direct and indirect materials. Semantic Fact data refinements can save millions of dollars by reducing and consolidating inventory.
No, we operate independently of your ERP but can interface directly using an approved API provided by your ERP vendor. Most ERP systems have been implemented with not only process customization but Master Data model customization as well. Given that fact we can execute a project to identify your individual needs and develop an interface that meets your specific needs. Data updates can then flow seamlessly into your ERP with minimal action from human resources.
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Primarily, yes, we have found it better to be hyper focused on Maintenance, Repair and Operations data used to build, maintain and operate manufacturing facilities. We specialize in Direct and Indirect materials, we also cleanse and enrich service data related to maintaining those same manufacturing facilities. Our application is optimized to process product and spare parts data. We are not actively seeking projects that are limited to cleansing names or addresses. However we do maintain address and location data related to suppliers and creators of product data that our Material Master contains.
The United Nations Standard Products and Services Code (UNSPSC), is an open, global, multi-sector standard for efficient, accurate classification of products and services. UNSPSC is an efficient, accurate and flexible classification system for achieving company-wide visibility of spend analysis, as well as, enabling procurement to deliver on cost-effectiveness demands and allowing full exploitation of electronic commerce capabilities. Encompassing four levels of core hierarchical classification and an optional fifth level to allow for extra granularity, UNSPSC enables expenditure analysis by grouping and filtering those levels relevant to your needs.
Data enrichment is the process of enhancing and refining your raw data with additional data collected from outside sources to make it complete/correct. Enrichment includes adding additional attributes and verification that the product or service is purchasable. Data Cleansing simply cosmetically transforms your existing data. In addition to data cleansing we recommend implementing and committing to an enhanced MDM Data Governance program
We combine data from many sources to create a single view of as many items as possible. This allows us to focus on enriching and transforming your data rather than tracking down the correct data. We have connected a global network of data producers and consumers who work together to curate and share accurate data. The number of records available will depend on the type of data and the level of service the project requires.
This primarily depends on your requirements, initial quality of the data, responsiveness of your team as well as other factors such as urgency and available budget. Each project is given a timeline that takes into account your unique needs and goals. It is not possible for us to provide timeline guidance without creating an initial profile of your data. After we analyze your existing dataset and are able to properly scope your needs we provide a detailed project execution schedule with milestones and cost estimates. An initial project to cleanse and enrich your existing material master is executed and a follow on proposal for an MDM Data Governance program that operates in perpetuity with a goal of maintaining a high level of data quality.
Project cost depends on your specific requirements. We provide a free Data Profile before engaging our customers. If we choose to move forward, we perform an initial Data Cleansing project to enrich all of the existing material master records then move into the ongoing maintenance phase. During the ongoing maintenance phase we enrich any new records prior to material master addition. We can provide an automated nightly feed of updates. We charge a monthly per user subscription fee to access our web based Data Governance Workflow and a per line item fee for each item processed. The price for each item varies based on your specific requirements.
Semantic Fact can optionally perform physical walk-downs and work with our network of data suppliers and distributors, comparing examples of genuine parts with your stock to identify counterfeit or "knock-off" items. We look deeply at labels, serial numbers, packaging material, material finish and quality, as well as circuit diagrams in the case of PCB components.
The Material Master is the list of materials that your company anticipates they need to purchase. When the decision is made that an item is a potential spare part or an item that is generally needed to conduct business it is added to this list. Data contained in the Material Master is then referenced in other systems and processes throughout the organization. You will find references to items on the Material Master in maintenance systems, purchasing systems, change request systems, etc. It is used when performing spend analysis, when performing root cause analysis and when looking for innovative solutions to streamline operations. The Material Mater should contain the following fields: manufacturer, supplier, part number, short description, long description, schema classification data such as UNSPSC Details. If any of these fields are empty or contain low quality data our process will highlight these deficiencies and propose solutions that increase the quality and usability of Material Master data.