CIPS Level 6 Professional Diploma Practice Questions - CIPS Level 6 Professional Diploma In Procurement And Supply Exam

Which practice is the foundation of master data management (MDM) in a procurement context?

Maintaining a single authoritative record for key business entities such as suppliers, items, and contracts Storing copies of all transactional data in a data warehouse for historical reporting Encrypting all procurement records to prevent unauthorised access Distributing data entry responsibilities across all procurement team members equally

Correct Answer:

Maintaining a single authoritative record for key business entities such as suppliers, items, and contracts

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