Because of the sheer volume and complexity of spend data within an enterprise, SDM must be enabled through use of business applications and services that automate labor-intensive classification, enhancement, and analysis activities and that can organize spend data at a detailed, attribute level - all on a repeatable basis.

UNSPSC for Spend Analysis: Industry Best Practices

UNSPSC, The United Nations Standard Products and Services Code®, is considered synonymous to Best in Class Spend Analysis Programs. Successful adoption and value derived by early adopters of UNSPSC has generated a lot of interest in organizations that are planning to start or enhance their spend analysis initiatives.

During this Web seminar, you will learn:

• Best practices for successful adoption of UNSPSC
• Common mistakes to be avoided during the implementation of UNSPSC
• Tips for Effective Change Management
• Industry successes discussed through case studies
• GS1 Roadmap for UNSPSC

UNSPSC FAQs:

• Enables buyers and employee requisitioners to find all suppliers a given category
• Enables purchasing managers to analyze expenditures and perform strategic sourcing
• Consistent coding across company divisions, suppliers, and information systems gives uniform picture of company expenditures
• Integrates procurement card statement categories with all purchase transactional data
• One numbering system integrates entire processing flow — from RFPs, to ordering, to accounts payable, to general ledger
• Facilitates control over and compliance to spending limits and authorized commodities by individuals and departments
• A standardized, already devised code is easy to implement, saves the company time and expense in developing its own

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