Procurement can't reduce costs, optimize its processes, or distinguish itself as a business partner without access to a wealth of accurate date. Unfortunately, not every organization keep great records. This means that collecting data often means engaging with suppliers to fill in gaps and gain additional context. Easier said than done. Not every supplier will offer up spend data willingly. Faced with avoidance (or worse, push-back) Procurement professionals will need to work a little harder to gather the necessary information. Struggling to collect the data you need? Check out the infographic below for some tactics Source One's team has employed over the years.
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