Business Term Status
The Business Term is currently validated by the Data Governance Committee.
Subdomain
🏢STRUCTURE FOR PURCHASING
Business Term Definition
Schemes of classification of purchased goods and services developed for procurement. They consist of the category and the stream taxonomies; They were launched to unify procurement management and data from Solvay, Rhodia and Cytec legacies.
Roles
Data Owner
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Data Steward
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Data Sources, Type and Classification
Data Source
SAP & CVG & SRM & WBP
Data Type
Reference Data
Data Classification
Internal Data
Related Business Terms
| Business Term | Description | Link |
|---|---|---|
| Category Taxonomy | Scheme of classification of purchased goods and services related to the supply market. It enables category management, in aligning business goals and customer requirements with supply market capability and maximizing long-term value for the organization. This is achieved by using a three-level hierarchy consisting of domain, segment and material group. The domain and segment hierarchy is designed to be common and unique for vendors and items (goods and services). | Category Taxonomy |