Strategic Integration: 10 Business-Building Tips - Slide 7

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It never hurts to help out your company's CFO – and one of the data complexity problems causing CFOs a lot of problems is spend analysis. One company reportedly reduced its overall purchasing spend by about 5 percent after using master data management strategy on spend analysis data, according to this Supply-Demand Chain Executive article, written by Jessie Chimni, a vice president for the supply chain business and technology consulting firm Bristlecone, Inc.

Given the recession, it's a safe bet that the focus will be on cost cutting for some time to come. But the smart money will also be on creating more business value with what remains.

To do that, you're going to need to think strategically, even when you are dealing with integration. That can be a bit tricky, since integration is often treated as a “have to do” on the road to accomplishing something else.

But integration can be very strategic. To prove it, Loraine Lawson has compiled 10 ways that companies can use integration and integration-related strategies to build business, squeeze more business value out of existing systems, and solve pressing business challenges.


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How to Select a Competency Center Model

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Four Common Mistakes in IT Portfolio Management

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Related Topics : Application Security, IT Process Management, Six Sigma

 
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