ECLASS has established itself internationally as the only ISO/IEC-compliant industry standard, and is thus the worldwide reference-data standard for the classification and unambiguous description of products and services.
More than 3,500 companies are already taking advantage of these benefits. Increasingly, they’re also specifying ECLASS as a mandatory standard for their business partners. Why is this happening? A standardized master-data system is the key to enterprise-wide improvements, producing benefits along the entire value chain. It’s also an essential requirement if users are to establish a uniform semantic standard, which will in turn help the Internet of Things become reality and make possible the information-driven production processes known as Industry 4.0. The open architecture additionally allows the classification system to be adapted to an enterprise’s own internal classification scheme.
With ECLASS, product master data can be exchanged digitally across all borders – across sectors, countries, languages and organizations. There are no more barriers in the nature of things. That’s why the standard has long since established itself in industry, commerce, trades and the service sector.
Using standardized reference data makes master-data management possible which, in turn, ensures that key organizational decisions can be made with confidence. Think of ECLASS as a tool that helps eliminate inefficiencies across the entire company.
Specifically, this means that procurement volumes are bundled, tenders accelerated, inventory levels optimized, incorrect purchases avoided, transparency created, potentials unlocked for production and management improvements, data refined and harmonized, media discontinuities and conversions avoided, search capabilities extended, terminologies clarified, compliance and data-protection functions supported, and communication with customers and partners improved.