Flowserve is a $15 billion American, multinational supplier of industrial and environmental machinery to the power, oil and gas, chemical, and process industries. In 2017, Flowserve embarked on the Flowserve 2.0 Transformation Program, intending to reshape the company into a single, global operating entity from a complex network of disparate systems. Flowserve chose the SAP Master Data Governance platform to standardize master data, working with Utopia to deploy on supplier, customer, and material domains. Flowserve expects to go from 38 million materials across more than 100 disparate systems with over 500,000 new items being created per year, to only a few million material items and less than 100,000 being created per year. In supply chain, Flowserve is projecting over $100 million in centralized procurement savings and two to three times that amount in inventory efficiencies.
Key Business Benefits:
- Save money on centralized procurement savings.
- Find significant inventory efficiency savings.
- Maintain a single source of truth with transparency across the company.
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