A cost savings calculator is a tool designed to estimate how much an organization can save by improving processes such as MRO inventory management, spare parts standardisation, and procurement data quality. It highlights potential reductions in cost from eliminating duplicate materials, optimizing stock levels, and avoiding excess purchases.
Companies often underestimate the financial impact of poor-quality data in ERP and EAM systems. A cost savings calculator provides:
At Sharecat, cost savings calculators are applied to show customers the tangible ROI of improving MRO supply chain data. With structured and standardized data across UNSPSC codes, ISO 8000 standards, and procurement master data, companies achieve:
By quantifying savings, Sharecat helps organizations make informed decisions on data improvement initiatives.
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