Is it possible to share the same product repository and classifier both for buyers and for sellers from different countries and different industries? What features should Product Information Management (PIM) systems have to do so?
Today there are only a few good examples: GS1 and IceCat in FMCG. Some experts could mention UN SPSC, which was initially developed for statistical needs. However, its application in procurement is doubtful.
Clearly, firms have unique requirements to their classifier structures and to the product information. Information that is necessary for one company might be redundant for another. Both abundance of unnecessary details and lack of vital information might reduce process effectiveness. Therefore, companies need customized product templates (item identification guides in ISO 8000 terminology) for items of procurement, items of production, and items of supply.