“On an average, providers spend an estimated $50,000-$200,000 per year on cleaning, classifying, enhancing and maintaining their item masters but continue to face the same challenges every year”
The item master is at the core of any provider. But if it isn’t supplied with a constant supply of the right data, the results can be devastating, among them
Missed or wrong orders
Inability to arrive at procedure costs quickly and accurately
Information technology and system integration
Failure of cross referencing and substitution with functionally equivalent products
Inability to quickly and accurately identify lower cost options
Reduced visibility on spend and road blocks for strategic sourcing
With SupplyCopia, you can quickly and easily
Integrate and rationalize multiple item masters into a single source of truth by mapping it to global product database (GPD)
Eliminate constant item master maintenance costs by subscribing to cloud based system and if required integrate with our system
Automatically cross reference with functionally equivalent products and identify lower cost options without sacrificing procedure outcomes
Reduce inventory carrying costs by accurately identifying products
Reduce preference card errors and standardize attributes such as UOM, MOQ, brand name etc.
We took an unusual and unique approach to building our global product database.