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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.

Join Our Growing Team

We are looking for an entrepreneurial person, to join our small team of dedicated people to scale up our B2B SaaS solution Spendency and take it global. Find out more about the role and how to apply 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.

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