Gartner Research

Leverage Advances in Digital Business to Streamline Supplier Data Collection and Governance

Published: 07 February 2017

ID: G00320962

Analyst(s): Andrew White, Deborah Wilson

Summary

Advances in digital business technology for procurement and MDM have significantly improved options for collecting, maintaining and governing supplier data. This note provides application leaders with insight into the emerging techniques and best practices for supplier data management.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Maturing MDM technologies and growing market experience with MDM solutions have revealed patterns that application leaders can leverage to support supplier data management
  • Digital supplier self-service functionality has exponentially increased the amount of supplier information that organizations can cost-effectively collect and maintain
  • The broad scope of cloud P2P suites makes them the most suitable, modern means to collect supplier master data
  • The transition from paper checks to digital payment raises challenges in how to securely handle supplier bank routing data

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