How to classify purchasing data?

For more transparency in procurement, we should not only classify historical data (such as suppliers), but also documents or dynamic data such as invoices or orders.

The classification arranges all objects into given categories. The currently harmonized data can be better analyzed through a general classification (also referred to as categorization) and thus new bundling and savings potentials are discovered. A classification can be made based on a standard, e.g. eCl@ss or UNSPSC or even with an individual scheme.

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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.

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3 Steps to improve Data Transparency in direct and indirect purchasing
A classification of procurement data – in other words, the purchase vouchers such as invoices and orders – is the second most time-consuming step in the implementation of an efficient Spend Management system. ...


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