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UNSuitable Procurement Spend Classification!

Brian Seipel of Source One Management Services recently shared his Pros and Cons of using UNSPSC for spend classification, indicating that the best taxonomy for you, including UNSPSC, was determined by your primary goal.

According to Brian, if your goal was to hit the ground running fast and base analysis on a tried-and-true standard, then UNSPSC was a great start because, as a standard, it is:

  • pre-developed and ready-to-use,
  • capable of expressing a good degree of granularity, and
  • widely available from vendors and a significant number of data enrichment options exist.

And this sounds great, but, any services vendor with a spend analysis offering (Insight Sourcing Group – SpendHQ, Spendency, Sievo, etc.) Read the complete post here.

Spend analysis in different categories and sectors

All spend analysis is the same, but some spend analysis are more the same than others. In this post we look at what the differences are between spend analysis in direct and indirect material categories and between private and public sectors organisations.

Spendency featured in Raconteur and The Times

Spendency features in the latest Raconteur focusing on Supply Chain Innovation. We hope to encourage more organisation to adopt a data driven way of working but also to avoid the most common pitfalls when considering new analytics technology. In short user friendliness should by first, second and third as the system’s primary function is to augment the performance of procurement professionals, not do the work for them.

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