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MRO Data Classification and its Importance

�ۿ۴�ý — Fri, 11 Dec 2020 07:29:01 +0000

With an accurate Data Classification system, potential savings of organizations increases by multi-fold in different areas such inventory, supply chain and plant operations. A well-classified MRO materials database dramatically improves the spend analysis, which then enables the asset-intensive organizations to:

Identify focus areas to optimize costs and improve return on investment,
Gain insights into inventory movements and boost supply chain optimization
Adopt an inventory data standard across the organization

MRO Data classification is important and benefits organizations in the following functional areas:

Sourcing: MRO Data classification helps drive clarity, guarantee compliance and increases cost savings with accurate data revealing hidden opportunities. It creates a reduction in inventory and parts price from and re-engineering opportunities. Other than MRO savings, MRO data management helps in sourcing by:
- Improving response times,
- Creating better leverage in the market,
- Enabling secondary market sourcing,
- Increasing RFQ effectiveness.
Purchasing: Clean, dependable MRO Data ensures company to negotiate contract pricing and exploit negotiating opportunities. This helps to automate stock purchasing, enable larger enterprise purchases, and ensures invoice accuracy.
Maintenance: Standardized and enriched MRO Data ensures visibility of current availability of all spare parts across various plant locations and regions, thus reducing amount of time spent searching for parts to procure and delaying the much-needed maintenance activity.
Inventory: The quality of MRO Data and its inventory creates an impact on optimization, sharing inventory across plants, kitting, planning, and vending and storeroom effectiveness.
MRO Analytics: Efficient MRO analytics allows to make quick and informed decisions, spot new trends, and evaluate the production for more effective planning, and better efficiency.
Quality & Asset Management: TQM (Total Quality Management) and lean manufacturing processes are enabled due to clear and accurate MRO data to reduce defects, reduce unplanned shutdowns, reduce down-time during overhauls and other unplanned maintenance.
BOM Development: Maintaining accurate MRO data of all the equipment and their parts and linking the parts to the correct equipment is a base for any Reliability Program. Previous data can be lost during software upgrades, and parts often lay unnoticed in the storehouses eventually risking to damage, corrosion, and loss. MRO data management allows for material-to-asset tie-in to ensure production line reliability.

Talk to one of our MRO data excellence specialists today and understand how Data Classification can save millions for your organization.

Talk To Our MRO Data Experts To Learn More

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�ۿ۴�ý awarded the eCl@ss to UNSPSC Classification Contract by a global leading producers of salts for various industries

�ۿ۴�ý — Mon, 30 Sep 2019 04:59:48 +0000

Portsmouth, NH September 30, 2019 – �ۿ۴�ý was awarded a contract for by a global leading producer of salts for various industries. �ۿ۴�ý will create the equivalent master list of UNSPSC codes for every catalogue item, with the eCl@ss codes.

The client is one of the largest producers of salt for various industries such as water conditioning, industrial, agricultural, food and ice control. The client has over 20+ production facilities across the North America region and footprint over many countries across the globe.

The objective for the client is to update their material database, so that their vendors can search for parts within punch out catalogues. In doing this, while �ۿ۴�ý is solving for data accessibility, the greater impact of such an exercise will be the ability for procurement personnel to have greater negotiating power, with a wider spectrum of data from across vendors.

�ۿ۴�ý will develop the model that can map every material item with an to the equivalent UNSPSC code. This will be accomplished by capitalizing on our AI based technology, combined with domain experts, thereby providing the classification unto the commodity level.

The client has been acquiring various mines, which has made it imperative that they have all their materials classified to one standard classification system. And given that they operate globally, the need to map one classification to another is essential, to continue business without breaking the rhythm of its stride.

Commenting on the new acquisition, C K Bharathan – VP Operations at �ۿ۴�ý said “We are committed to helping our clients transform their businesses through best-in-class MRO data management solutions, improve the ability to negotiate better, and make informed supply chain decisions.”

About �ۿ۴�ý:

�ۿ۴�ý Engineering (enventure.com) is a privately-held, ISO 9001:2015 & ISO 27001:2013 certified Engineering and Supply Chain Solutions company, with full-fledged delivery centers in India. �ۿ۴�ý has been serving clients in North America and Europe since 1997 and is today a preferred supplier of engineering and master data management services to Fortune 500 companies, across different industry verticals such as Hi-tech Electronics, Oil & Gas, Water Treatment, Automotive and Industrial Manufacturing. �ۿ۴�ý provides a wide variety of services to Clients, in areas such as Plant Design Engineering, Building Engineering, Master Data Management, MRO Data Services, Component Engineering, Environmental Compliance Support and Product Design.

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eClass and UNSPSC classification – why they’re needed

�ۿ۴�ý — Thu, 02 Jun 2011 13:37:53 +0000

In the engineering e-commerce environment, a large part of enterprise data management revolves around the integration of product information into various technical documentation. Typical examples of this would be centralizing multi-vendor product descriptions into one single, consistent e-catalogue, or aggregating itemized BOMs for spend analysis. The number of transactions, the volume of data, and the time needed to do this has made it essential for global Products and Services Categorization Standards (PSCS) to be developed. The two most familiar to system design engineers in the USA are eClass classification and UNSPSC coding. Both the eclass and UNSPSC use a standardized vocabulary, which is used to tag data sets, categorized using a four-tier classification hierarchy. For example, the category “integrated circuits” might contain VLSI and FPGA designs as subclasses. In the US, the language used in PSCS ranges from broad, non-detailed categorizations, such as the NAICS (North American Industry Classification System), to detailed, technically expressive language, such as is used in eClass classification. UNSPSC coding falls somewhere between these two classifications. It has a neutral taxonomy that takes into account classes of products and services – but with no detailed descriptions. This is because the UNSPSC was originally intended for statistical evaluation; it did not need individual sets of properties, as it did not focus on identifying individual products. There are advantages and disadvantages to both systems, and since they are not interchangeable it is essential you know which is best for your needs before you start. We at �ۿ۴�ý Technologies offer a comprehensive range of master data management solutions, allowing you to categorize data for eClass or UNSPSC classification with ease. eClass/UNSPSC classification /enterprise data management / technical documentation / system design / UNSPSC coding/ UNSPSC/FPGA design/ master data management

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Master Data Management software and UNSPSC classification

�ۿ۴�ý — Tue, 01 Feb 2011 11:36:37 +0000

UNSPSC stands for United Nations Standard Products and Services Code, a classification system for services and products used in eCommerce. It was a joint development set up in 1998 by the Dun & Bradstreet Corporation and UNDP (United Nations Development Program).

UNSPSC coding is currently managed by the US division of the GS1 Global Standards Association, which controls supply-chain standards across the world. UNSPSC classification covers everything from livestock to aircraft interface electronics, and has revolutionised areas like and reverse engineering, allowing better supply management, spend analysis and purchasing control. Leading engineering companies have adopted the UNSPSC coding, often aided by Master Data Management tools such as specialist software.

MDM software allows easy adoption of , and does away with the need to develop in-house coding systems. UNSPSC classification isn’t mandatory, and other systems, such as eClass, exist. However, the GS1 supply-chain standard is the one most widely used worldwide, and the fact that the GS1 US organization controls UNSPSC coding has given the UNSPSC global recognition.

UNSPSC coding has a hierarchical structure, which a good Master Data Management software program will utilise by grouping purchase transactions effectively into the relevant categories, mapping them into the company’s existing commodity structure. The program will enable product awareness and discovery by listing similar services and products under one category. This simple uniform coding system also allows rapid identification of suppliers, and makes spend analysis easy on complex mechanical engineering projects.

We at �ۿ۴�ý Technologies offer a range of value engineering services, including Master Data Management solutions for eClass and UNSPSC classification purposes.

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