Track IT Master Data Procurement Classification / Coding System
What is Track-IT Master Data (formerly known as NSV)
Track-IT Master Data is a unique procurement classification / coding system that allows organisations to drill down to item level and group like for like products together. This is achieved through the use of a 3 alpha / 5 numeric code linked to a standardized generic description.
Track-IT Master Data codes provide structure
The diagram shows how Track-IT Master Data codes and standardized descriptions can provide a fundamental link between business processes and play an essential role in helping your organisation understand its expenditure on third party supplies and services.
Used by Hospitals in the UK & Ireland
We believe that NSV (Track-IT Master Data) provides us with industry leading granularity for product coding. All codes go through a strict quality assurance process before they are released.
Every Track-IT Master Data code is provided with the manufacturer product reference which is often key during project activity to matching their product with ours.
Pat Bailey – St James Hospital, Ireland
Procurement Classification for Spend Analysis
You can use Track-IT Master Data codes to improve your existing ERP reporting functions. Alternatively, if you are looking for an out of the box spend analysis solution Track-IT Master Data forms part of the SpendInsight solution provided by cloudBuy.com PLC.
GS1 and Track-IT Master Data
Easily link together GTIN codes for equivalent products (identical in function / description) from different suppliers.