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 next post, we’ll provide a calculator to help you plug in your numbers.
THE BUSINESS CASE FOR MATERIAL MASTER DATA MANAGEMENT
Research from leading analyst firms have found that reduced material costs and optimized inventory, enabled by harmonized and subsequently maintained material master data, can contribute more than 1/3rd of the hard dollar savings from an ERP consolidation initiative.
Stay tuned for our next post wherein will share our Business Benefits Calculator to help you with your ROI calculations. If you don’t want to (or can’t) wait for it, click here and contact us.
Latest posts by Arthur Raguette (see all)
- Benefits of Material Master Data Management-Part 5 - March 21, 2018
- Benefits of Material Master Data Management-Part 4 - March 1, 2018
- Benefits of Material Master Data Management-Part 3 - February 19, 2018