Effective Master Data Management Starts With UNSPSC Classification

If you are working in a large automobile manufacturing company, you are well versed with the fact that your company has to deal with many spare parts on a daily basis, in order to ensure smooth production and timely delivery of all its vehicles. Being a target-based business, the company also has to manufacture a designated amount of vehicles per day, and hence, requires all its parts to be available at hand. Therefore, in case of an emergency call back of dispatched vehicles for maintenance, if a single concerned part cannot be located immediately on its system, it can result in severe losses for the company and also invites negative reaction from the target audience. Such a situation generally occurs when the business does not have the right MDM tools at hand. Moreover, businesses are also hesitant to introduce any new classification model, because they are unaware if the new system would actually benefit them. This is when they look out for a tried-and-tested classification system, which is not only accepted globally but is also very effective. At such times, the only proven classification system that comes to mind is UNSPSC classification.

UNSPSC classification, also known globally as the 'United Nations Standard Products and Services Code' is available to the public and is free to use. Moreover, the system does not have any copyright restrictions whatsoever. Being an international commercial standard, the classification allows businesses to maintain a well-defined framework, while they classify their products, finished goods and other services. The coding and segregation system was introduced globally in order to ensure a proper streamlined structure, while classifying products and services. This structure will also guarantee that the products comply with industry naming standards, for better sorting and accessibility across the enterprise. Being hierarchical in nature, UNSPSC classification structure paves the way for effective spend analysis, with provisions for rolling up and drilling down. This also benefits long-term data initiatives such as material master data management and data quality improvement.

With the help of proper UNSPSC classification, businesses can experience newer and improved forms of product categorization and discovery.

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This Festive Season, Gift Yourself A Property in Mumbai

Property rates in Mumbai are generally quite high. But during festivities, you can always avail of good offers to gift your family, the perfect dream home!

Festivals and public events give the people of the city, a much needed break from their regular hectic schedules, and allows them to indulge in other social activities such as exchanging gifts, sweets, greetings and individual happiness. At such times, businesses are booming and one can easily see 'FOR SALE' signs everywhere. Several Indian corporations and their multinational counterparts offer discounts and buybacks on almost everything, ranging from simple shirt buttons and ties, to high end jewellery sets and luxury cars. But, what about buying flats in Mumbai?

 

Buying property in India is certainly a good long-term investment. With the various opportunities the city of Mumbai has to offer, there can be no better place to buy a good house for your future. Festivals are all about gifting and spreading the love and joy, with one another. There may be all kinds of gifts you can give your family, ranging from new clothes and gadgets to even a brand new car. But what could possibly be a better gift for a loved one, than a dream home/ property in Mumbai?

Article Source:Jotzoom.com

Variety of cables and wires from Polycab

With new technologies and inventions taking the world by storm, the electrical wiring industry has branched out to include a variety of cables that cater to various needs. Ordinary cables have a pair of copper or aluminum wires along with an outer protective sheath for insulation purposes. The higher end cables that are specifically designed for transmitting greater capacity of power have multiple insulated wires, encased in synthetic polymers. Although the world of cables and wires is exhaustive, for the purpose of convenience, they are classified into four different segments as per their use and construction.


Twisted pair cables, ribbon cables, coaxial cables and shielded cables are varied types of electrical cables that are exclusively created for industrial and residential needs.

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Is Purchasing Flats In Mumbai Still Affordable?

With the reputation it holds and the over-priced demands of the sellers, buying flats in Mumbai is not very simple, especially during present times. As per the experts who monitor the real estate business, the demand for land has been growing, at a stable rate over the last four years. However, the over-priced values, especially on residential apartments has made aspiring home buyers shift their focus to neighbouring areas, which are a few meters outside Mumbai city. It is to be noted that the demand for luxury residential projects is growing at the rate of 35 percent every year, whereas the demand for regular residential homes is at 66 percent. As Thane and Navi Mumbai are located in close proximity to the city, their prices too have increased at about 70 and 74 percent respectively.

In spite of lack of clear space and its escalating value, the demand for property in Mumbai continues to be stable, since many are keen to buy a second home within the city limits. The investors bear a strong belief that the value of real estate in the city will always increase irrespective of the economy or any other significant factors. Analyzing the same, the real estate experts ensure that all of the real estate investments in the financial capital will always garner interest for its stable financial growth and demand. However, affordability will continue to be a matter of major concern for majority of the public in the city.

Article Source: EzineArticles

Why couples exchange rings during their wedding ceremonies?

There is quite a bit of confusion that couples and their families face, during engagement and wedding ceremonies. The confusion is all about the color of the precious metals, that are to be used in rings and other accessories, during such auspicious occasions. The trend of exchanging identical love bands is popular amongst most modern couple, nowadays. However, men these days prefer silver colored metals, and women opt for diamonds. Many couples opt for white gold or platinum rings to complement each other's wedding bands. Diamonds are best supported by gold and platinum; so, to cut on the cost of rings and stay within the budget, brides choose white gold diamond rings and grooms go with platinum bands.

Have you ever wondered why couples exchange rings during their wedding ceremonies?

The exchange of rings holds a very special place in every couple's life. This is not merely a new fashion trend that has recently begun, but it has a strong meaning which is rooted deeply within our history. The circle of the rings is the symbol of eternity, with no beginning or end; and the hole in the center is not just a space, but a getaway or door that leads to events that are both known and unknown.

This tradition is followed all across the world, and every culture has it's own set of traditions. These sub-traditions are followed to make the brides look beautiful on the day of their wedding, and to enhance their beauty. The brides shine with a gold necklace, ear rings and other accessories to complement her wedding ring.

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