MRO Data Classification

Enventure27 Oct, 2021Business

The fundamental requirement of a good MRO material master is to have all commodities accurately classified as per industry standard classification systems such as UNSPSC. Good classification systems follow a hierarchical structure, by grouping items into the right categories, which can be mapped to the company?s internal commodity structures as well. In an asset extensive organization, there is a significant focus on the MRO supply chain, as MRO items are critical for plant uptime and reliability. There is also considerable spending on MRO items, driving the need for good spend analytics capabilities. A good data classification system enables powerful spend analytics, while also enabling commodity managers to manage procurement more efficiently.