Products & Solutions / Supplier Intelligence

Commodity Classification

Ensuring accurate and comprehensive procurement data

Commodity Classification integrates and cleanses disparate procurement data, and classifies your spend information into meaningful categories. For effective supplier analysis, it provides normalization and can enrich supplier information with third-party data. The result is accurate, clear and comprehensive procurement information – the best foundation for sourcing strategy.

Benefits

  • Develop sourcing strategies based on reliable data.
  • Get a holistic view of your supplier relationships.
  • Understand true volumes per commodity and supplier.

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Features

  • Automated extraction and cleansing of data.
  • Rules-based commodity classification.
  • Supplier normalization and enrichment.
  • User-friendly interface.

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How SAS® Is Different

  • Automated extraction from any data source and data cleansing, which provides a complete, accurate picture of true spending.
  • Ability to accommodate tremendous amounts of data while preserving performance for generating reports and running queries.
  • Precise classification of data, which enables optimization along multiple dimensions such as price, supplier performance and risk.
  • Tight control over data, protecting proprietary information.

Benefits

  • Develop sourcing strategies based on reliable data. Because SAS provides a reliable, detailed and comprehensive knowledge base, executives can trust the validity of follow-on analysis for making procurement decisions.
  • Get a holistic view of your supplier relationships. Consolidate fragmented supplier data for a single, comprehensive view of your relationships and augment that picture with third-party information to determine the most critical supplier relationships.
  • Understand true volumes per commodity and supplier. Because the solution classifies spend information into meaningful categories, you can determine the true volumes spent on a commodity or a supplier. With organized, accurate spend information you can drive procurement strategically.

Features

Automated extraction and cleansing of data.
  • Automated extraction from any source, minimizing need for manual work.
  • Built-in knowledge base of procurement data issues automatically resolves inconsistent categorization, duplicate master records, spelling errors, abbreviations and other data anomalies.
  • Flexible, extensible, supply-specific data model.

Rules-based commodity classification.
  • Artificial intelligence in a rules-based classification system limits need for human intervention.
  • Artificial intelligence keeps proprietary information inside the organization.
  • Capability to classify according to any taxonomy, such as the UNSPSC (United Nations Standard Products and Services Classification), eCl@ss or other proprietary and industry standards.
  • Continuity during procurement-spending data refresh cycles.
Supplier normalization and enrichment.
  • Built-in system eliminates duplication and matches supplier records by transforming multiple vendor files into a comprehensive vendor master file.
  • Third-party data addition to enrich supplier information with parent-child relationships, financial data and demographics.

User-friendly interface.
  • Ad hoc reporting and query environment designed for sourcing professionals.
  • Unlimited capability to represent the data for in-depth analysis, including trend analysis, detailed price variance analysis, pattern analysis, risk analysis and fraud detection.

Ready to learn more?

Call us at 1-800-727-0025 (US and Canada) or request more information.