Supplier Master Data Management (SMDM) is critical for organizations to ensure the quality of their supplier data and to realize the maximum value from their programs. The challenge remains that procurement processes spanning global, local and cross-functional organizations yield a large number of variations within business needs for supplier data.
In the first of this four-part series on how to implement a successful SMDM strategy, we evaluate the role of data governance.
The full series covers the following topics:
- Planning for implementation: essential steps
- How to gain sponsorship for you supplier master data management project
- Preparing the organization for enablement