Scope eKnowledge Center

Scope Launches ProcuRx™, A Procurement Solution For Informed Decision Making

Scope has announced the launch of procuRxTM, a procurement data management solution. procuRx helps enhance the true visibility of an organization's spend by consolidating, cleansing and auto-classifying data from multiple ERPs (SAP, Oracle, etc).

Scope eKnowledge Center (Scope), a leading content enhancement and knowledge services company, is pleased to announce the launch of procuRxTM, a procurement data management solution for creating high-quality, consistent and transparent procurement data for medium and large enterprises.

Built on Scope's proprietary data management platform, DataMan, procuRx helps businesses extract, consolidate and cleanse data from multiple ERPs (SAP, Oracle, PeopleSoft, etc.). Spend transactions can be auto-classified to both standard industrial taxonomies, such as UNSPSC and NAICS, as well as to custom taxonomies. procuRx provides robust spend data management for enabling data classification at the item/invoice level and comparison of attributes across suppliers and commodities.

Scope's procuRx solution combines innovative processes, global best practices, a knowledge repository and significant subject matter expertise. Scope, an ISO 8000 certified master data quality organization, has a team of commodity experts who specialize in domains such as oil & gas, manufacturing, automotive, electrical & electronics, telecom, retail and chemical. Scope's team has significant experience in manufacturing, supply chain, purchasing, quality and spend management. Robust knowledge repositories, developed over 5 years of experience in handling data, support cleansing, de-duplication and standardization of data. Self-learning software algorithms record analysts' behavior in standardization and de-duplication in the knowledge repository to enhance productivity.

Commenting on this milestone, Tram Venkatraman, President of Scope, said, "Scope believes that one of the key differentiators of procuRx is the service-based delivery model which eliminates upfront investments in advanced tools/software by our clients. Scope has already started working on alliances with some of the world's foremost consulting, technology and outsourcing service providers of Fortune 500 clients."

Joseph Ranjan, Associate Vice President of Scope's Data Services and Business Research division, commented, "Scope's procuRx solution is designed to ensure overall success of an organization's supply chain management program by assisting procurement professionals in analyzing the enterprise spend deeper and wider, planning sourcing strategies and managing vendor data - a repeatable and sustainable cycle that ensures greater alignment between supply chain objectives and corporate objectives."

Categories: Information Technology

Tags: content enhancement, data management platform, DataMan, Knowledge services, procurement data management solu, procuRx, spend data management

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Thanaseela Prabu
Scope eKnowledge Center

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