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Data Classification |
Classifying products and services with a common coding scheme facilitates commerce between buyers and sellers and is becoming mandatory in the new era of e-commerce. Large companies are practicing to code their purchases in order to analyse their spending.
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Spend analysis is a well-defined commodity based spend classification process, which spans the purchasing process from strategic planning through purchase order placement. By using the same classification throughout the process, organisations can keep a handle on global aggregate purchases.
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SOFTUNIQUE is expertise in providing classification services ensuring compliance to four-level hierarchical classification systems and well known global standard schema such as UNSPSC, eCl@ss, NAICS, MESC, and SMD etc. ; and flat, industry-neutral classification systems such as Requisite Unifying Structure (RUS); and, other classification schemas and content standards such as Common Procurement Vocabulary (CPV), National Institute of Governmental Purchasing (NIGP).
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SOFTUNIQUE also provides classification services to classify the products and services to any proprietary schema specified by you, the customer, in any domains from MRO, Life Science, Healthcare, Chemicals, Oil & Gas, IT and Office Supplies. |
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Benefits: |
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1. Classifying products and services supports procurement activities |
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Enables buyers and employee-requisitioners to find all suppliers of a given category |
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Enables purchasing managers to analyse expenditures and perform strategic sourcing |
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Consistent coding across company divisions, suppliers, and information systems gives uniform picture of company expenditures |
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Integrates procurement card statement categories with all purchase transactional data |
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One numbering system integrates entire processing flow – from RFPs, to ordering, to accounts payable, to general ledger |
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Facilitates control over and compliance to spending limits and authorised commodities by individuals and departments |
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A standardised, already devised code is easy to implement and saves the company time and expense in developing its own |
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2. Classifying products and services to support sales and marketing |
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Automatically register your product at Web search engines and catalog aggregators |
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Keep customers satisfied by sending pre-coded catalog files |
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Minimize ordering errors and returns and improve productivity in communicating with distribution channel |
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Ability to benchmark market share |
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Capture clean, consistent micro data from sales channel |
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Stay current with market trends: standardised tags are inevitable evolution of electronic commerce
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A standardised, already devised code is easy to implement and saves the company time and expense in developing its own |
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