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.

DataCategorizer 2019
Perfect data quality is the basis of successful spend management. Imagine, you have always current, valid and reliable data, for example, about the amount of savings which are directly influenced by your purchasing department. Our software provides you with the transparency and reliabile data you need.
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Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.

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