3 tips to get your c-suite on board with an improved supplier data platform
When things are going right in an organization, it’s easy to put supplier data on the back burner. When things go wrong in an organization, most people hesitate to invest in quality supplier data tools. In a world where most of the population has access to technology, it’s easy to assume that the large procurement technologies are working with accurate and up to date supplier information. However, this assumption is wrong, and when procurement technology fails to deliver promised results, supplier data is usually the point of breakdown. Companies of all sizes require better supplier data, and up until now, doing this has been a demanding endeavor without much success. Thankfully, there are tools on the market that can help take the burden of supplier data off the hands of employees and countless working hours working on manual tasks.
Once this conversation starts, those presenting should highlight how poor supplier data has held the company back. Oftentimes, the ROI for better supplier data is hidden within increased compliance on other modules. Adding specific examples of how insufficient supplier data affects the company and sharing how each of those situations could have been avoided can share a viewpoint that has possibly been looked over in the past. Here are three tips to get c -suite leaders on board with improving the company’s supplier data platform.