Your organization churns lot of data everyday.. Purchase orders, inventory, vendors, suppliers, material masters, receipt vouchers and what not. Do you have clear picture of all this data? Do you have visibility to what you are spending, how much, to whom ? If you think twice before answering, you need spend analysis on your data. I am going to suggest a simple assessment package by which you can actually assess your system data and decide whether you need a full scale strategic sourcing initiatives, do you need a supply chain rationalization. Look for this space.
To get visibility of your data, Clean, Enrich, Classify Data - manage and optimize it better