Why do you need NPV Content Services?

Historically, electronic business and marketplaces have been focused on reducing transaction costs through simple applications of electronic business. Often these solutions have initially been implemented in environments where commodities are single sourced. Such solutions have traditionally been very simple. These approaches could be very quickly implemented and required little content or content maintenance BUT had certain limitations:

• Items are not readily found.
• Duplicate items can often show up in the results.
• Significant effort is required to control and maintain changes to the information being viewed.

Business solutions today are seeing a significant requirement for good quality CONTENT. Though potential for efficiency and saving is higher some problems and issues are also prevalent here:

• Each legacy system has its own coding strategy for suppliers, materials etc. leading to hidden duplication of equivalent materials, stock and sources across the enterprise causing excess costs.
• Cross-referencing becomes necessary to aggregate demand from potentially diverse ERP systems and also to translate that into supplier terminology.
• It is difficult to identify equivalent materials from different suppliers due to the ways in which they are described; the same issue prevents complete inventory optimization and sharing.
• Deciding who to buy from and how to market test is difficult unless equivalence is clear.

Keeping good quality cross-referenced content can take significant effort and cost.