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Getting Data Contracts Right
In our ongoing commitment to enhancing data management for our clients in the FMCG sector, this case study explores the latter stages of our Data Management service, highlighting how we continue to empower businesses with strategic data solutions.
After successfully addressing initial challenges in data management, our client now needed to decide if a change in data suppliers was right for them.
Following the creation of a new now fully fact-based Data Management Strategy, we needed to Compare, Analyse, and where appropriate implement an RFP Pitch process.
Compare new data supplier services vs. existing on pre-agreed key evaluation criteria
Review and analyse proposed data between existing and other data suppliers
Involvement with Procurement in pitch process identifying data opportunities
Wessex meticulously compared new data suppliers to existing data, using predefined criteria. A systematic process assessed factors like accuracy, reliability, timeliness, and cost-effectiveness.
The team collaborated closely with the client to align data offerings with strategic business goals.
In the final stage, active involvement in procurement included identifying opportunities, contributing to decision-making, negotiating terms, and ensuring selected suppliers aligned with the client’s business goals.
An end-to-end solution to getting ‘Data Management’ right for Better Business Intelligence – (R4):