DataFlux Provides Improved Management of Spend and Procurement Data with New Offering.DataFlux Accelerator for Materials Data Classification allows users to assign a standard product code to items, materials and services CARY, N.C. -- DataFlux, a leading provider of data quality and data integration solutions, today announced the general availability of the DataFlux[R] Accelerator for Materials Data Classification. This data quality-based spend management solution enables consistent supplier analysis and performance by adding a unique product code to items, parts and services. Without the ability to classify data, an organization cannot effectively analyze purchasing data beyond the individual record level. The Accelerator for Materials Data Classification offers a faster way to enhance product and item data by appending classification codes, providing a standardized way to organize and segment information on spending patterns. Multiple taxonomies can be used, including industry-standard codes such as eCl@ss and UNSPSC UNSPSC Universal Standard Products and Services Classification UNSPSC United Nations Standard Products and Services Code , as well as classifications developed internally. With this technology, customers are better able to: * Determine which suppliers can offer the most value, based on defined and measured performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. * Reduce delivery cycle times for goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. * Provide suppliers with up-to-date performance information, enabling proactive action * Identify and monitor savings opportunities * Eliminate redundant or unnecessary spend * Leverage spend for volume discounts * Reduce the high cost of poor data quality "The Accelerator for Materials Data Classification gives organizations the capability to internally classify data based on award-winning data quality technology," said Tony Fisher, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of DataFlux. "It's a flexible solution that provides trusted results, which can help companies maximize spending power The power of legislatures to tax and spend. Spending power is conferred to state and federal legislatures through their constitution. Judicial Review of legislative spending varies from state to state, but the law of federal spending informs courts in all states. , reduce costs and improve efficiency while increasing the overall corporate visibility of data." Spend management is an important part of business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . It helps organizations control costs and improve operational efficiency through improved purchasing and procurement functions. Properly managed data can also help mitigate risk by rationalizing vendors and staying compliant to regulatory guidelines. For a high resolution screen capture of the Accelerator for Materials Data Classification, download: www.dataflux.com/media/accel-mdc.jpg. About DataFlux DataFlux enables organizations to analyze, improve and control their data through an integrated technology platform. With DataFlux enterprise data quality and data integration products, organizations can more effectively and efficiently build a solid information foundation that delivers a unified view of customers, products, suppliers or any other corporate data assets. A wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. (www.sas.com), DataFlux helps customers rapidly assess and improve problematic data, building the foundation for enterprise data governance, compliance and MDM (Modular Digital Multitrack) An audio recorder that mixes and records multiple tracks of digital audio. The two major MDM technologies are ADAT and DTRS. See ADAT and DTRS. initiatives. To learn more about DataFlux, visit www.dataflux.com. DataFlux and all other DataFlux Corporation LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control product or service names are registered trademarks or trademarks of, or licensed to, DataFlux Corporation LLC in the USA and other countries. [R] indicates USA registration. Other brand and product names are trademarks of their respective companies. |
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