This is Part 2 of a 2 part blog post. Read Part 1 on A Guide to Measuring Data Quality for Purchased Product Master – Part 1 In my previous post I outlined some metrics for the purchased product / material master – both objective measures (like completeness, accuracy,
The Purchased Product master can envelope multiple master domains depending on a company’s core industry. For process manufacturers, petro chemical and Oil & Gas production sectors, purchased product masters contain the golden records for Maintenance, Repair and Operations items. For Distributors and even Retailers, the Purchased Product masters
Leveraging Item or Material masters in Procurement is certainly not new. As a standing best practice, there are simply different approaches that Procurement has taken. Creating a central repository in the ERP/MR for direct and production related indirect material has been implemented for years in most discrete and process manufacturing
Senior Procurement professionals ask us about the real and measurable value of material master data management to their organizations. My answers are as varied as the companies we talk to, but there are a few common criteria that indicate both how much value there is, and how best to realize
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