Category Archives: ERP

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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

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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

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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

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Material Master Data Governance – Keeping it clean

Data Governance represents the symbiotic existence of IT and business–aligned to improve the overall business process. It unifies the compartmentalized information across various departments in an organization to boost data sharing by all concerned. The information sharing results in advantages such as:   •  Revenue growth •  Cost rationalization • 

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Requirement for Material Master Data Governance

Often overlooked, providing efficient access to, and maintaining the accuracy of, the material master is pivotal to operational success and protecting your data investment. Data Governance has emerged as the point of convergence for people, technology, and process to manage the crucial data (information) of an enterprise. This is a

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Improved data visibility during ERP – 1

Enterprise Resource Planning (ERP) spans across the different operating functions of an enterprise and its focus is to help the enterprise make the right business decisions. A critical factor in this regard is getting clear visibility into the business and all data associated with it, both past and present. When

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Enhancing Business Efficiencies with Material MDM – A Rundown of Our Latest Webinar

Last week, Verdantis hosted its latest webcast – ‘Enhancing Business Efficiencies with Material MDM’. The event was followed by an interactive Q&A session with the attendees.   The webcast outlined why it is essential for organizations across the business spectrum to embrace Material MDM. The event covered following keynotes –

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