Monthly Archives: March 2018

460

Benefits of Material Master Data Management-Part 5

Our last post explained how to quantify the value of improving your Material Master data by reducing stock-outs related downtime. Today’s post will help you estimate improved materials-related personnel productivity.   Improved materials-related personnel productivity: Total number of man hours = Total number of engineers * 1600   Total number

460

Benefits of Material Master Data Management-Part 4

In our previous post, we provided an ROI calculator to enable you to quantify the value of improving your Material Master data by reducing inventory holding cost. Today’s post features an ROI Calculator to help you plug in your numbers and estimate reduced stock-outs related downtime.   Reduced stock-outs related

460

Benefits of Material Master Data Management-Part 3

In our previous post, we provided a calculator to help you estimate the value of improving your Material Master data by avoiding inventory cost. Today’s post features an ROI Calculator to help you plug in your numbers and estimate inventory holding cost reduction.   Inventory holding cost reduction:    

460

Benefits of Material Master Data Management-Part 2

Material Master Data Quality Improvement can reduce the costs of an ERP or EAM implementation.  They can also improve your cash flow, reduce operational outages, and generally support improvement in business operations.  In this post, we provide a calculator to help you plug in your numbers and estimate the value

460

Benefits of Material Master Data Management

Our last few posts talked about Operations and Procurement issues that arise from poor Material Master Data quality.  Funding a quality improvement project is never easy.  Let’s look at some ways in which Material Master Data quality improvement can reduce the costs of an ERP or EAM implementation.  In our

blog-image

The need for effective Material Master Data Management – Part 3

Our last post talked about the Operations issues that arise from poor Material Master data quality. Let’s take a look at purchasing and spend analysis impacts of poor data.   Sourcing Sourcing projects and the make-versus-buy decision process in general require a view of what exists already in the approved

blog-image

The need for effective Material Master Data Management

The success and measurable impact of many business initiatives depends on consistent, high quality material master data. Two significant business events that underscore the importance of high quality material master data are Merger / Acquisition and ERP / EAM Consolidations.   Merger and Acquisition Activities The synergies driving M&A activities