1:01

In this YouTube short, the speaker outlines an in‑house overhaul of their e‑sourcing taxonomy. They first cleaned master data, removing large amounts of garbage, and recognized that their existing UNSPSC‑based taxonomy was inadequate for spend analytics, competitive bidding, and spend‑funnel strategy. By analyzing their historical spend, they designed a new, spend‑history‑driven taxonomy and used AI to automatically classify roughly 200,000 line‑item records. The revamp aims to improve spend visibility, bidding effectiveness, and overall sourcing strategy.

Chapters

More from Max

1:14
youtube.com

Your supply chain software vendor just got acquired. Should you be worried? New ownership can mean

1d ago
1:09
youtube.com

Oracle Data Migration: AI Solves Supplier Data Gaps #shorts

4d ago
0:45
youtube.com

Speed Matters: Why Quick Decisions Drive Business Success #shorts

5d ago
1:21
youtube.com

AI Strategy for SMEs: Simple, Measurable Solutions #shorts

1w ago
1:53
youtube.com

Supply Chain Priority: Fixing Burning Issues for Bigger Impact #shorts

1w ago
0:52
youtube.com

Simple Value Stream Mapping for Process Improvement #shorts

1w ago
1:16
youtube.com

How AI Leaves the Screen | Physical AI in Logistics

1w ago
0:44
youtube.com

Empower Your Team for Quick Decisions & Big Results #shorts

1w ago
10:58
youtube.com

Quand l’entrepôt devient une centrale électrique

2w ago
0:37
youtube.com

AI for Business: Solve Pain Points, Prove Value, Scale #shorts

2w ago
0:35
youtube.com

OTIF: The Ultimate KPI for Business Impact #shorts

2w ago
See all content