401: Digital Transformation as a Foundational Requirement for Data-Driven Procurement

<p>As digital transformation progresses, corporate leadership teams are increasing their focus on the quality and availability of data. Spend analysis is just one internal data resource in a sea of data ecosystems, but it has the potential to serve as the foundational connection point for all procurement analytics.</p> <p>For this special series, Art of Procurement partnered with Sievo and Buyers Meeting Point to take a deep dive into procurement data ecosystems. We will explore how procurement leaders can meet their analytical requirements while also exploiting the full cross-functional value of data – data that enables corporate growth and competitive advantage.</p> <p>In this episode, Philip Ideson and Kelly Barner provide a series recap and reflect back on the major take-aways from each interview and identify the connecting opportunities that bring them all together into one cohesive vision for data-driven procurement.</p> <ul> <li>What we learned about data from these diverse points of view, including what makes it valuable and how to approach the problem of poor quality data</li> <li>How to identify the breaks between people, systems, and processes that prevent data from driving strategic insights and actions</li> <li>The ways in which procurement has to approach data differently for the sake of its future potential, and how this connects to our vision for procurement as a whole</li> </ul>