What Is UNSPSC Classification and Why Is It Important?

What Is UNSPSC Classification and Why Is It Important?

The United Nations Standard Products and Services Code (UNSPSC) is a global standard for classifying products and services. By providing a structured taxonomy, UNSPSC enables organisations to categorise their goods and services consistently, facilitating procurement,...
Understanding Spend Analysis

Understanding Spend Analysis

Spend analysis is a critical process that helps organisations track, manage, and optimise their expenditures. For industrial organisations—such as manufacturing, construction, oil & gas, mining, and utilities—where operations involve complex supply chains,...