A summary of responses received for this Peer2Peer inquiry is available below.

Original Inquiry

Initiative Background:

Global Procurement has been working with the business units to drive spend to preferred suppliers. As we roll out more categories of spend on our P2P system, compliance measurement becomes even more important. In measuring compliance, it is often a struggle to get accurate figures when we discover that suppliers have been mis-categorized or coded into the system with the wrong industry classification. Would it make the process more fluid if Global Procurement owned the master vendor file?

Inquiry:

What is a best practice approach for spend management? Should Procurement own the vendor master file or should Accounts Payable?

Summary of Responses

Contributors: SIG
Categories: P2P Archive
SRC Type: Benchmarking and Analysis, Category Management, Procurement Operations, Sourcing, Sourcing Management