I-STOCK

We offer products, solutions, and services across the entire energy value chain. We support our customers on their way to a more sustainable future.

Annual Data Cleansing Projects

Every year, even Large Enterprise IT teams face the Master Data Quality Decay Problem. The tried and proven solution in the industry has been hiring Consulting firms to curate and improve the Master Data Quality. The underlying assumption of the IT Management teams is that the new, more-standardized descriptions will help the employees better manage the inventory data which will in turn contribute to cost cutting. However after repeated iterations year after year, Most Enterprises realize that end-of-year data quality improvement exercises is only a temporary fix and not a long term solution.

Cost Of Delayed Quality-Assurance

Quality data is the foundation to implementing master data governance. However, over the progress of time, the quality of data deteriorates with more and more master data gets created. While the Data in the Enterprise IT can be quickly enforced with a Cost-Effective Annual Data Cleaning, the cost of getting rid of the excess inventory is very high. Forward looking Enterprises have identified this and have been exploring viable alternatives for the annual Data Cleansing approach.
ptt_faqs

Prosol Advantage

By Leveraging Prosol, our customers ensure that new item descriptions, modifications, or deletions are always in synch with globally standards. When integrated with IT platforms including ERP, Inventory Management, EAM (SAP PM), and CMMS (Maximo) solutions, our governance solution ensures that data quality does not decay and remain in-tact in perpetuity. This real-time Master Data Management provides our customers with the ability to intelligently govern and synchronize materials data across multiple applications and systems. Prosol’s Efficient Product Coding Process can improve understanding of OEMs and OPMs for Products By leveraging Propedia , ML based Master Data Management integrated into it, Prosol can help in systemizing Products-Tools Relationships through Bill-Of-Materials data.

Prosol Business Impact

While efficient Master Data Management is the direct outcome of ProSol tool, the indirect benefits for enteprise include Procurement Optimization by avoiding intentional and unintentional excessive purchase Leveraging OEM and OPM Vendors product similarities comparision to decide on supplier can result in significiant input-costs reduction as OPM vendors can be very cost-effective than OEM suppliers in most cases.

Our Clients

Some Great Works From Our Clients