What are Material Clusters?
Similar materials or modules can be identified using analytical methods and compiled in so-called material clusters (material groups). This can be extremely helpful, e.g. with the substitution of materials. Furthermore, by introducing material clusters, pricing developments can also be made visible for similar parts. In the case of missing price histories, savings can be calculated with clusters in the sense of a MCV / MPV.
Data Categorizer 2021
Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain meaningful analyses. View ways to cleanse & classify data in procurement.Request a Data Categorizer Demo more about Data Categorizer
Here you will find important terms related to spend management explained in a clear way. Small knowledge base for quick information or in full for your further education. This controlling glossary is constantly being expanded and improved.
Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.