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INFINITY Structured Text Generator (STG)

A very large % of all procurement is often done by means of Direct Purchases (also called Free text purchases or Maverick Spend) thereby avoiding the more formal processes of procurement resulting in uncontrollable spend that cannot be analysed for purposes of spend analyses, stock optimisation and volume discount.

The INFINITY STG - Structured Text Generator (STG) is a comprehensive solution consisting of a structured taxonomy and sophisticated embedded algorithms. This minimizes the possibility of end users procuring by means of free text description items and services that could be contained within a contract, or in an established company warehouse. In addition, all items that are procured directly are allocated a spend category and a structured description is generated.

Benefits of INFINITY Structured Text Generator
STG3

  • Reduce Maverick Spend.

  • Reduce the costs associated with procurement transactions.

  • Empower end users to initiate the correct procurement process.

  • Identify Materials and Services that should be added to the Material and Services catalogues/ masters.

  • Improve the utilization of Material Masters.

  • Improve the utilization of Services Masters.

  • Improve spend data for Spend Analysis.

  • Facilitate data analysis for improved contracting.

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