processing of the data helps to improve its quality .
“ And finally , working with bad data frustrates everyone – especially procurement professionals – so having a process where anyone in the organisation can report data issues is another important step to improving the quality of data .”
The impact of big data on the procurement function There ’ s a lot of talk about big data – and it ’ s true that companies have access to more data than ever before . One of the main impacts of big data is better access to insights , trends , and patterns that can assist in making more informed business decisions .
“ Having big data is one thing ,” says Aidoo-Sam , “ but in order to leverage that data , organisations need the right tools and in-house expertise to effectively interpret the data correctly .
September 2020 Ama-Aidoo Sam joins ResMed ’ s procurement operations
“ Procurement professionals need to learn the analytical skills that enable them not only to correctly interpret the information that ’ s gleaned from big data , but also to ask the right questions to get the correct insights in the first place in order to explain data and insights to key stakeholders .”
Balancing the use of data with intuition and experience Aidoo-Sam says that ultimately , data will provide you with facts ( spend data , usage trends , or demand trends , for example ), but the ability to use that data to make an informed decision rests with the procurement professional .
“ This is where your experience and intuition become important ,” she says . “ For example , current and projected spend data doesn ’ t tell the full story , and it ’ s not the only factor impacting the dynamics of certain relationships within a business . For instance , there ' s also high potential value in qualitative
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