Retail

Enhanced company wide spend visibility, higher supplier negotiating leverage, and 98% spend classified

Challenges
The client was a leading luxury retailer. They needed a single view of consolidated spend data that includes ERP data and their suppliers' data, but had too much data to analyze. The client wanted to view their spend by their categories company-wide.
Solutions
ElectrifAi solutions executed the following for 7 data sources: Data Validation, Data Cleansing and Consolidation, Vendor Clustering and Parenting, Spend Classification, Application of Neiman Marcus Feedback, Data Extraction, SpendAi Dashboards available to all licensed users.
Outcomes
65%
supplier compression leading to higher negotiating leverage
98%
spend classified
Company-wide view of spend leading to immediate savings
ElectrifAi’s solution achieved a company-wide view of spend across all business units and locations, 65% Supplier Compression, 98% Spend Classified and consolidation and normalization of spend data across 50 source systems.