t cht lk
relevant external partners at all times
is also important. This is not only about
establishing and sustaining ownership and
buy-in around data policy, protection and
practice, but also helps the organisation,
at all levels, keep up with regulatory shifts,
changing standards, compliance procedures
and the like.
In addition, ongoing internal auditing and
monitoring, with both processes dependent
on quality data from each link in the supply
chain, is essential. Unfortunately, there is
no point at which the diligent organisation
can claim the task of collecting, analysing
and protecting data is ‘finished’; the
data quality cycle is a dynamic one, with
characteristics which will themselves
shift and flex.
Manufacturers must be able to quickly
locate, reassess and prioritise data from
different links in the chain ‘on the go’ as
circumstances demand. Only this will inform
truly dynamic, agile decision-making that
benefits the bottom line.
However, taking the steps outlined above
should enable any organisation, small or
large, to methodically improve the quality
of its data – offering a real chance to
not only reduce third-party risk but boost
business performance, through better
business intelligence, over time. •
“
MANUFACTURERS
MUST BE ABLE TO
QUICKLY LOCATE,
REASSESS AND
PRIORITISE DATA
FROM DIFFERENT
LINKS IN THE
CHAIN ‘ON
THE GO’.
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