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
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Cleansing, consolidation and classification of procurement data - If you want to operate procurement controlling professionally, you have to operate content management. Only with cleansed, uniformly classified data can you obtain meaningful analyses. View ways to cleanse & classify data in procurement.

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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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