We discussed taxonomies last time. Depending on your goal - whether its sourcing optimization or master data management or just spend analysis you can decide on what taxonomy you want to use - either global one like UNSPSC or your own or something available through service provider. Based on that taxonomy your service provide can run the engine and give you data classified. The delivery mechanism comes next. You need a dashboard kind of solution to slice and dice your data so your analysis give you information. So you got it. You can identify negotiable vendor set and go for savings. Thats one way of looking at it. If your goal is sourcing optimization and master data management then you need something additional - data attribute enrichment. What does that mean? You have material master with you at different plans, site and systems. Do you know whether its in good shape? Does it contain only 1 record for each material or there are many? Your system might be capable of doing search of s
To get visibility of your data, Clean, Enrich, Classify Data - manage and optimize it better