CEPROCS™, the fully integrated Business Process Outsourcing Company focused on procurement and accounting services, announces the launch of CEPROCS™ Coding system. The services gives the user a clear overview of spend and usage based on categories and enables accurate internal and external benchmarking.
From a purchasing perspective, the Material Master database hold all items purchased by a company and items hold on stock. The database includes unique codes assigned to each material regarding, but not limited to, manufacturer, part number, description (in various languages), UNSPSC and eCl@ss codes, commodity, etc.
In effective spend management, having a Material Master database offers the possibility to improve spend visibility and to target cost-reductions. It provide also the possibility to expand to and benefit from the potential of e-commerce. A Material Master Management and Data offers real support and transparency in material planning and control, accounting, budget planning and forecasting.
Having a commodity oriented structure offers the potential to build a customized architectural model according to the particularity of each industry, while coding provides standardization and optimization of materials by using a smart codification system according to UNSPSC and eCl@ass International Standards.