Blog Layout

Dear CPO, your Data is a Mess

Richard Beaumont • Jul 27, 2023

So your Data is terrible?  You need to Fix it!

Hi there, Chief Procurement Officer of a big and complex international organization! I totally get your frustration with the data situation. But worry not, I've got your back with some laid-back yet effective advice to boost your data game and keep it top-notch. Here are three killer strategies for you:


Clean Up Your Act - Data Audit and Validation:

First things first, let's roll up our sleeves and dive into a thorough data audit. Get your team together and analyze the data from every nook and cranny of your procurement process. Look out for duplicates, missing entries, and any other errors that might be lurking around. Once you've identified the pain points, set up some data validation rules to ensure the quality of new data going forward.

A crucial step is to involve your team members who work with the data day in and day out. They're the real heroes in this process, so listen to their feedback and insights. They know the data quirks better than anyone else, and tapping into their expertise will make your data cleanup mission a breeze.


Implement Data Governance:


Now that your data's spick and span, let's keep it that way with some solid data governance. Create clear guidelines and policies for data management and maintenance. Assign responsibilities to specific team members for data entry, validation, and updating. That way, everyone knows their role and takes ownership of the data quality.

Regular data quality checks are a must! Schedule periodic reviews to make sure everything is in tiptop shape. Consider using data quality tools and automation to catch any sneaky slip-ups before they cause a ruckus. And hey, remember to celebrate your team's wins when they keep that data looking fine!


Train and Educate Your Team:


You've got a rockstar team, but even rockstars can level up their skills! Invest in some kickass data training and education for your crew. Equip them with the knowledge and tools to handle data like pros. This could be workshops, online courses, or even inviting data experts to share their wisdom.  Encourage a data-driven culture within your organization. Show your team the value of good data in making informed decisions and driving better outcomes. When they understand the importance of their role in maintaining data quality, they'll be motivated to keep it shining like a diamond.


Oh, and one last bonus tip: Don't forget to create an open and supportive environment where team members can raise concerns or suggest improvements. Feedback is gold, and it'll help you fine-tune your data processes and keep them on point.


There you have it, CPO extraordinaire! By auditing and validating your data, implementing data governance, and empowering your team through training and education, you'll slay those data demons and keep your technology and analysis game strong.


You're on your way to data greatness, my friend! Keep rocking that procurement world! 🎸πŸ”₯


by Richard Beaumont 01 Sept, 2023
Changing currency is a bumpy ride for Procurement
by Richard Beaumont 21 Aug, 2023
Cost focus is no longer enough, it’s time for a new tool - meet the TripleTCO™
by Richard Beaumont 18 Aug, 2023
This is a subtitle for your new post
by Richard Beaumont 27 Jul, 2023
How can you deliver greater Value in Software Procurement?
by Richard Beaumont 27 Jul, 2023
Finance and Procurement can really make this work for you!
by Richard Beaumont 27 Jul, 2023
3 Ways to have Fun and be Awesome!
by Richard Beaumont 05 May, 2023
Is Procurement a BMX?
by Richard Beaumont 26 Apr, 2023
What can we do to make sure our Business Cases are credible?
Tech won't fix broken processes
by Richard Beaumont 10 Apr, 2023
No-one wants a steam-powered Tesla; so why keep your old way of working when you are transforming to the future by insisting your eTool uses your old process?
What environmental regulation means for Finance & Procurement
by Richard Beaumont 10 Apr, 2023
Businesses will need to invest in sustainability reporting and due diligence processes and may need to rethink their supply chain strategies to meet the requirements of the triple whammy of Scope 3, ISSB Sustainability Reporting Standards and the German Supply Chain Act. It will almost certainly require a "Team Effort" from Finance and Procurement to achieve it. The good news is that taking action to address these issues will bring benefits, such as enhanced brand reputation, increased stakeholder trust, and improved operational efficiency
More posts
Share by: