Verdantis's Automated Material Master Data Management software encourage adoption of global UNSPSC classification standards. Adopting UNSPSC eliminates the need for developing and/or maintaining own coding systems. The hierarchical nature of the coding system allows organizations to group purchase transactions into relevant UNSPSC categories which in turn can be mapped to the organization's commodity structure leading to effective spend visibility, optimization and control.
- Spend analysis - Its coding system brings a single, uniform view of all expenditures in the company, thus allowing purchasing managers to analyze enterprise expenses
- Finding and Purchasing - The product and services coding convention allows for the easy identification of relevant suppliers of a certain product or service
- Product awareness and discovery - The uniform codes allow computer systems to automatically list similar products and services under a single category, thus ensuring precise searches
Download Adopting UNSPSC white paper
Get the answers to all queries you have about implementing UNSPSC across your enterprise