This E-book will provide you with an in depth view of MDM and key related factors that you should be aware of to support a successful MDM initiative. It will also explore the role of stakeholders and discuss best practices, ending with a brief about key masters and ancillary masters.
Per a recent survey it has been found that 75-80 % of ERP projects failed to generate the desired ROI. For the promised benefits of ERP deployment like better decisions, reduced costs and increased performance to translate into tangible dollar savings, these initiatives need to be supported well by other success factors. Prime among these is master data management (MDM).
MRO assets form the crux of the indirect supply chain and play a vital role in the production and maintenance lifecycles. Maintenance is one of the core functions of every asset intensive industry and as assets become increasingly complex and the dependency on them increases, it is increasingly important for organizations to have a strong hold over their maintenance processes and run an efficient, continuous manufacturing or service operation environment sustained by an event-less supply chain. It has largely evolved from being reactive and corrective to planned and preventive.
The million dollar question that rules every ERP Implementation, Up-gradation or Consolidation project is whether to worry about a Master Data Management solution or not? After all, isn’t a brand new multi-million dollar ERP system supposed to take care of all your problems anyway?
Supplier Information Management is one of the key enablers of an organization’s success. With the increase in the amount of supplier data in a company, managing this information effectively becomes quite a challenge, with large repercussions especially for the procurement, finance and IT divisions.
The global business ecosystem operates in a complex data web, which, if not threaded expertly impedes business excellence. IT, ERP and business champions all over the world are increasingly turning towards Master Data Management to effectively manage data to achieve optimum business results. Clean and business ready data is one of the critical success factors that lead to the difference between procurement and supply chain functions that are world leaders and others.
"The 4-undying reasons to take care of during an ERP Data Migration"
Why handling of the key masters during migrations is the key to unlocking the ROI from an SAP investment?
PLUS the fastest way to fix them
Leading companies are increasingly embracing solutions that combine automation with domain intelligence to ensure that large MRO item master harmonization projects are delivered successfully on-time and within budget.
Adopting the Best Practices for Ongoing Data Management
Master data management (MDM) has emerged as an important aspect of all ERP implementation or consolidation exercises. With ever evolving and increasing inventory, supplier, product and customer databases, it has become essential to cleanse and maintain the quality of the master data. More and more global enterprises across various industries have undertaken or plan to commence an MDM initiative in tandem with their ERP projects.
A 14-page white paper by Verdantis on how to achieve lower material costs and optimized inventory using Material Master Data Management
Master data is the core reference data that describes the fundamental dimensions of business—customer, material, vendor, chart of accounts etc.
Adopting UNSPSC - Better Supply Management with UNSPSC
UNSPSC enables better spend analysis, preference item management, supply standardization and spend control
UNSPSC, the global product and services classification standard, has been revolutionizing purchasing and supply management across the world. Leading companies like GE have adopted UNSPSC across the enterprise.