What is Procurement Data Quality?

What does Procurement Data Quality mean?

Procurement Data Quality refers to the accuracy, consistency, and completeness of data used in purchasing and supplier management. This includes supplier records, material codes, purchase orders, and contract information.

Poor procurement data often leads to duplicate vendors, inaccurate pricing, missed discounts, and compliance risks. High-quality procurement data, on the other hand, enables better supplier negotiations, reduced costs, and more efficient operations.

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Why Procurement Data Quality is important

Cost reduction – improves Supplier Spend Analysis and helps identify savings opportunities.
Efficiency – streamlines purchasing processes by eliminating duplicate supplier and material records.
Compliance – ensures purchasing aligns with corporate governance and industry standards such as ISO 8000.
Risk management – reduces errors in supplier data, lowering supply chain disruption risks.
Integration – connects smoothly with Vendor Master and ERP Data Quality.

How Sharecat improves Procurement Data Quality

Sharecat Data Services supports organisations in improving Procurement Data Quality by:

Cleansing and standardising Vendor Master data.
Identifying and resolving duplicates with Duplicate Material Identification.
Enriching procurement records with accurate supplier and material data.
Preparing purchasing information for seamless integration into ERP Data Migration and EAM systems.

This enables procurement teams to achieve cost transparency, streamline supplier management, and unlock greater value from their supply chains.

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Glossary

What is Procurement Data Quality?

What does Procurement Data Quality mean?

Why Procurement Data Quality is important

How Sharecat improves Procurement Data Quality