Sourcing and Procurement Data Management Best Practices
Creating the Foundation for Sourcing and Procurement Success
For multinational companies, maintaining efficient Procure-to-Pay (P2P), Source-to-Settle (S2S), and supply chain processes is critical to sustaining business success and competitive advantage.
For multinational companies, maintaining efficient Procure-to-Pay (P2P), Source-to-Settle (S2S), and supply chain processes is critical to sustaining business success and competitive advantage. However, some organizations try to automate P2P and S2S processes without taking into account the complexity and difficulty of aggregating and optimizing their supplier master data, which can hurt the success of automation initiatives in the long run.
Instead, it is essential that organizations control supplier data intake at a single location in order to build a strong foundation for S2S and P2P processes—and future automation. This whitepaper explores modern supplier data management trends among organizations, and highlights the use case and value of supplier master data management software.
Authored By
Anna Barnett
Research Senior Manager, Levvel
How can this white paper help you?
- Supplier Management Trends Among North American Organizations
- The Value of Supplier Data Management Software for Procure-to-Pay and Source-to-Settle Success
- A Real-World Example of a Supplier Data Management Transformation
Sourcing and Procurement Data Management Best Practices
Creating the Foundation for Sourcing and Procurement Success
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