Reliable data is paramount for effective decision-making, with inaccurate or incomplete information compromising commodity mapping and sourcing strategies. Procuring institutions must ensure the integrity of both internal and external data to meet strategic needs, safeguarding credibility.
By optimising data quality, drawing valuable insights, predicting trends, and supporting data-driven decision-making, procuring institutions can enhance the effectiveness of their strategic sourcing strategies. The collected data requires thorough interpretation and analysis to draw meaningful conclusions.
