Design and improvement of the material coding standardization for power group enterprise

This paper describes the definition and functions of materials classification and coding firstly, and several prevalent coding approaches are introduced. Next, the materials coding problems existing in power industry are analyzed and relevant research achievements are summarized. Typically, one giant power enterprise group, named as “G” power group, is used as a study case to specify its problems and the existing solution from the perspectives of materials coding management, and the application of its corresponding IT system. Based on current situation of the power enterprise group and its existing problems in materials coding field, some improvement suggestions and effective approaches are put forward for the performance improvement of materials classification and coding system, to reduce the material management costs and make more profits for whole power group.