For many organizations undertaking a strategic procurement initiative, it's not uncommon for procurement professionals to feel like they have "bad data." Unless your organization has absolutely zero data, this isn't likely to be true. Having the right tools can help your organization get an accurate view of your spending, your suppliers and opportunities for improving sourcing and procurement activities. A strategic spend analysis solution will allow your organization to identify what data is important to collect, and will then enable actionable business decisions based on that data, including a forward-thinking sourcing roadmap.
How visible and accurate data can help drive a strategic sourcing pipeline that is more forward-thinking instead of reactive.
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