What is Procurement Master Data?

High-quality Procurement Master Data provides:

• Consistent supplier and material information across ERP and EAM systems
• Reduced risk of duplicate vendor records and incorrect payments
• Stronger compliance with procurement policies and regulations
• Improved visibility for Supplier Spend Analysis and sourcing strategies
• Better contract and supplier performance management

Poor data quality can lead to procurement delays, compliance issues, and higher costs across the supply chain.

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Sharecat Data Services helps organizations cleanse, standardize, and govern Procurement Master Data to ensure accuracy and compliance. This includes:

• Deduplication and harmonization of supplier and material records
• Alignment with Supplier Data Management and Spare Parts Data Management processes
• Integration of global standards such as UNSPSC Codes and ISO 8000
• Ongoing governance to keep procurement data reliable and up to date

By applying structured Procurement Master Data practices, Sharecat enables companies to achieve procurement efficiency, reduce risks, and unlock new cost savings opportunities.

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