We live in a world that is increasingly data-driven. Data has become a major driver of business strategy and a major driver of performance results. Despite this trend, the average procurement department struggles with enterprise-level systems that make access to high-quality data difficult and an ability to frame and analyze it in a timely manner nearly impossible.
Mastering your procurement data has never been more important. Join Andrew Bartolini, Chief Research Officer at Ardent Partners and the Publisher of CPORising.com as he discusses the master data management strategies and approaches that leading procurement organizations are using to improve their performance.
On attending this knowledge and experience sharing webinar, participants will learn:
- Why master data management is critical for the procurement departments and how the needs are different in a harmonized ERP applications environment
- How to develop and execute a company-specific master data management strategy
- How best-in-class companies approach master data management by taking advantage of existing resources and in-house expertise
- How supply-centric master data management can lead to significant hard dollar savings
- How real-time data quality helps in ensuring ongoing data integrity, and drives cost, people and process efficiency
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