Nonappropriated Fund Purchasing Office deploying Zycus solution for automated classification of data to gain better visibility into spend
Princeton, NJ July 7, 2005 The Air Force Nonappropriated Fund Purchasing Office (AFNAFPO) has selected Zycus AutoClass Software as an infrastructure tool for automated classification of its spend data, the solution provider announced this week.
AFNAFPO was established in February 1973 as a central non-appropriated fund purchasing function in support of NAF activities worldwide. As part of the Air Force Services Agency, the AFNAFPO provides corporate purchasing programs in support of Air Force activities worldwide.
In a project that is planned to be rolled out in phases, AFNAFPO has set the goal to achieve detailed spend visibility and analysis by improved categorization of non-appropriated funds (NAF) purchases.
The organization will use Zycus' artificial intelligence (AI)-based data classification software to classify spend transactions flowing through the AFNAFPO e-procurement system, with the goal of achieving more detailed spend visibility. The accurate coding of data in line with the United Nations Standard Products and Services Code, or UNSPSC, at point of requisition also holds promise of enhanced compliance and improvement of procurement processes, according to Zycus. UNSPSC provides a multi-sector standard for the classification of products and services.
"Automated categorization of the product and services data within the system to UNSPSC standards will provide the much needed spend visibility that AFNAFPO is seeking today," said Sandip Maiti, vice president of marketing for Zycus. "Quality spend data are the foundation for any procurement transformation initiative. We are glad that AFNAFPO is leading with a vision to pursue an automated software based solution for their spend analysis initiative," he added.
Other companies using Zycus' Spend Data Management (SDM) software include ABB, ADP, General Electric, P&O and Unilever.
Additional Articles of Interest
Companies with advanced sourcing and procurement strategies are using spend analysis tools to drive bottom-line savings. Now it's time to take spend analytics to the next level. Read more in "Supercharging Spend Analytics," in the April/May 2005 issue of Supply & Demand Chain Executive.
For more information on best practices for spend analysis, see the following SDCExec.com articles:
Princeton, NJ July 7, 2005 The Air Force Nonappropriated Fund Purchasing Office (AFNAFPO) has selected Zycus AutoClass Software as an infrastructure tool for automated classification of its spend data, the solution provider announced this week.
AFNAFPO was established in February 1973 as a central non-appropriated fund purchasing function in support of NAF activities worldwide. As part of the Air Force Services Agency, the AFNAFPO provides corporate purchasing programs in support of Air Force activities worldwide.
In a project that is planned to be rolled out in phases, AFNAFPO has set the goal to achieve detailed spend visibility and analysis by improved categorization of non-appropriated funds (NAF) purchases.
The organization will use Zycus' artificial intelligence (AI)-based data classification software to classify spend transactions flowing through the AFNAFPO e-procurement system, with the goal of achieving more detailed spend visibility. The accurate coding of data in line with the United Nations Standard Products and Services Code, or UNSPSC, at point of requisition also holds promise of enhanced compliance and improvement of procurement processes, according to Zycus. UNSPSC provides a multi-sector standard for the classification of products and services.
"Automated categorization of the product and services data within the system to UNSPSC standards will provide the much needed spend visibility that AFNAFPO is seeking today," said Sandip Maiti, vice president of marketing for Zycus. "Quality spend data are the foundation for any procurement transformation initiative. We are glad that AFNAFPO is leading with a vision to pursue an automated software based solution for their spend analysis initiative," he added.
Other companies using Zycus' Spend Data Management (SDM) software include ABB, ADP, General Electric, P&O and Unilever.
Additional Articles of Interest
Companies with advanced sourcing and procurement strategies are using spend analysis tools to drive bottom-line savings. Now it's time to take spend analytics to the next level. Read more in "Supercharging Spend Analytics," in the April/May 2005 issue of Supply & Demand Chain Executive.
For more information on best practices for spend analysis, see the following SDCExec.com articles:
- The Secrets of Successful Spend Analysis
- Spend Analysis a Top Priority, But Not Widely Adopted...Yet
- Manufacturers: Achieve True Strategic Sourcing Through Spend Analysis
- More articles about Zycus.
