Material Taxonomy

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Taxonomy, or data dictionary, refers to the class and characteristics applicable to any material. It is a combination of:

  • NOUN - A unique and lowest common set or group of products (eg, bearings, motors, pumps, connectors etc).
  • MODIFIER - Primary type of the Product within a given Noun, based on product type (what it is); usage (where used); functionality (how it is used); custom specs of the product (eg, bearing, ball. motor, induction, pump, submersible etc.
  • ATTRIBUTE - A specification, feature or a characteristic of the product that defines the physical, compositional, structural or performance information of a product or a service (e.g., size dimensions, material specifications, product standards, current/ voltage ratings, load ratings etc).

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Benefits of Taxonomy

Having a taxonomy defined and the material data arranged by the taxonomy has many benefits such as:

  • Fast & Accurate Search –
    • Easy to search for alternate vendor based on a form-fit-function replacement of a part based on noun-modifier-attribute.
    • Predictable search method in the parts catalog.
  • Better Spend Analysis –
    • Quick identification of obsolete inventory.
    • Actionable spend analysis.
  • Data Governance –
    • Facilitates duplicate identification.
    • Facilitates new material creation.
    • Assists in selecting the right part for use/purchase.

How Utopia can help

With deep knowledge in consulting and services around the taxonomy and materials data cleansing domain, Utopia appreciates the importance of a good taxonomy. Having worked across multiple domains with many global Fortune 500 companies, we understand which classes are more important than others depending upon the industry. 

We also have a catalog of over 1.3 million materials data downloaded and cleansed from leading manufacturers & vendor catalogues. This data is arranged per the Utopia Standard MRO taxonomy, that consists of 3,000+ classes developed over the years and combining leading industry standards like UNSPSC, e-OTD, ecl@ss and so on.

 

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