67. Building a Data Strategy for Procurement

Guest Name : Susan Walsh, Founder at The Classification Guru. Language : English, Publication date: May, 10. 2020 Susan is a founder at The classification guru. She has years of experience in classifying data; working with multiple taxonomies. She’s worked at the core of data classification, and has managed, trained and developed large teams of data classifiers. Prior to that, she had the first business, a women's clothing shop, and before that she spent a decade in sales and account management in FMCG organisations, which gives her the unique position of observing the data from both a technical and corporate perspective. The classification guru helps businesses and procurement professionals solve the problem of getting reliable insights from their spend data in order to save money and make better business decisions that they can deliver back to their organisation faster and more cost-effectively than using large consultancies or spend analytics providers. See the details on : https://www.theclassificationguru.com/our-services The following questions were being asked : How do you see the importance of data strategy in a procurement’s role? What advice can you offer to the procurement leaders on how to build a more “clean” and “structured” data, so that they can be beneficial for supporting the spend-management and other purposes in procurement’s role? What are key success factors in building a data strategy ? Many leaders say that the future of procurement is data driven. What are your thoughts on this ? Do you see any correlation with building a data strategy which we’re talking about ? Connect her on LInkedin: https://www.linkedin.com/in/susanewalsh/