We started off the year with a deep dive into material master data quality and what the phrase signifies. While getting material data to an acceptable level of quality is essential, material master data management consists of another, equally important part – data governance. What is Data Governance?
Category Archives: Data quality
The end of 2016 is fast approaching and it’s time to get ready for Christmas. People tend to reminisce around the holiday season – and we decided to do something similar; but with a twist. We are going to spend the last month of this year going back to
After discussing the importance of master data stewards in the last blog post, it is time to end on the part that is most actionable – actually selecting the data stewards you need. A data steward needs to be someone who can shoulder the responsibilities of managing the organization’s data
Once the organization has designated who will own the data and understands the unique nature of material master data, it’s time to decide who will manage it all. In this post, we will explain who the data steward — or stewards — should be. Even in the field of
Last week we covered one of our favorite subjects —the centrality and criticality of master data and who owns it within the enterprise. It’s a complex topic that deserves more attention. We’ll now dig deeper into the types of master data and focus on one specific kind — the
Material Data is some of the most complex Master Data around. Core to operations, Key for performance reporting, and critical to EH&S compliance. But who owns it? Who controls it? Who oversees it? Historically, all master data, may have been considered to be the exclusive property of the
Implementing a companywide MDM strategy is not a simple undertaking even during normal times. Add in an M&A transaction and the work gets trickier. Fortunately, the benefits — particularly the multiplying effect it will have on the M&A deal’s ROI — make it worth the effort. Over the
Through the last 8 weeks, we have discussed critical root-cause and process failures that occur due to corrupt MRO data. Poor MRO master data management can also indirectly affect the most valuable resource of a company – People. 1) Maintenance Engineers –Lower plant uptime, slower fix speed, and
As we approach the final phase of this long-running blog series, it will be a good idea to visit the previous posts to know more about the basics of MRO management and root cause fails. This post deals with the last two process failures before we wrap up everything
Last week, we talked about process failures that can affect organizations negatively. This week we delve deeper into additional processes that often fall victim to MRO failure. 3. Inaccurate MRO Demand Forecasting – An easy way to save money on MRO parts is by accurately forecasting their demand.