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Thursday, July 18, 2013

2:30 PM - 3:00 PM
Track: DATA GOVERNANCE View Track

BEST PRACTICES: DATA GOVERNANCE AS FOUNDATION FOR GOOD SPEND ANALYTICS

Fred Henein, Manager Ariba Data Management Services, ARIBA INC.

Clearly, data quality is the foundation of good spend visibility. With quality granular master product information, an enterprise can unambiguously distinguish similar materials and suppliers. Data governance processes are needed to rigorously create and maintain such master data in accordance with solid quality standards. This in turn enables the full potential of seamless eCommerce in the procurement space to be fully realized (reverse auctions, etc.).  Moreover, companies no longer need convincing that measuring and managing the quality of their data is a good idea—they want to know how to do it. Such enterprises are discovering how to manage a data supply chain to acquire and distribute quality master data to reach company objectives.  In this session, you will learn how Ariba utilizes data governance to enhance spend analytics and other key operational processes, by highlighting these topics:

  • Applying governance of rich data to deliver accurate spend classification
  • Integrating access to world class supplier management
  • Providing business process integration across key metrics via an accurate reporting toolset

 

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