What is meant by the consolidation of purchasing data?
With consolidation, data – particularly historical supplier data – is harmonized, grouped, and finally aggregated in clusters. This includes the following individual steps, etc.:
- Deleting or compiling duplicates
- Depicting relations between suppliers
- Transferring into a hierarchical structure
Data Categorizer 2021
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Here you will find important terms related to spend management explained in a clear way. Small knowledge base for quick information or in full for your further education. This controlling glossary is constantly being expanded and improved.
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