Gartner Research

Procurement Can Provide More Than People in the Effort to Get Control Over Supplier Master Data

Published: 07 May 2019

ID: G00387736

Analyst(s): Micky Keck, Simon Walker

Summary

Accurate supplier master data is key to P2P automation, payment accuracy and spend analytics. Application leaders supporting procurement who focus on data must align process ownership with data ownership, or risk rapidly escalating operating costs and reduced spend visibility.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Improve Data Models, Collection and Management
  • Set Up Governance and Stewardship of Master Data
  • Engage Suppliers in Data Maintenance Activities

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