Classify
Unlock the value in your line item data
Advanced, AI based, UNSPSC & eClass line item classification and analysis when item descriptions are incomplete, inconsistent or poorly structured. Know what was spent by commodity and ‘unlock’ the hidden value in your line item data.
The Observatory’s CLASSIFY functionality has been designed to enable you to interrogate the enhanced spend data that has been classified to UNSPSC or eClass using the Zycus AutoClass classification engine. The CLASSIFY functionality facilitates the generation of the charts, graphs and tables that deliver a unique insight into the type and nature of the goods & services being procured , in order to inform sourcing strategy and support strategic sourcing.
Questions CLASSIFY will help you answer…
- How much are you spending by UNSPSC or eClass segment, family, class or commodity?
- Which suppliers are supplying goods & services, in which UNSPSC or eClass categories?
- Are there any UNSPSC or eClass categories where there are indications of inexplicable price variance by item?
To arrange a meeting to discuss implementation of the Observatory and line item classification in your own organisation then please contact us.