2019-Supplier Master Data-LP Header template

 

Supplier master data impacts many people and processes across the business including procure-to-pay, spend analytics, and more. Yet too few organizations have accurate, unified supplier data, and it is not always clear who owns this data.

By 2023, organizations that don't optimize supplier MDM will have incorrect data for half of their suppliers.

According to Gartner, “Accurate supplier data is the fuel that drives many business processes that directly impact the bottom line. Accurate supplier master data is key to P2P automation, payment accuracy, and spend analytics.

Without a framework and the right tools to effectively manage supplier master data, businesses risk escalating operating costs and reducing spend visibility. It has therefore become imperative to prioritize improvements in how supplier master data is managed.

Read this Gartner report to learn how procurement leaders can dramatically improve the management, quality, and control of their supplier master data.

 
Gartner Inc., Procurement Can Provide More Than People in the Effort to Get Control Over Supplier Master Data, by Micky Keck & Simon Walker, 7 May 2019

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and is used herein with permission. All rights reserved.