Category Archives: Material Master Data

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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

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Material Master Data Governance Teams

Master Data Governance for Materials is unique. The workflow is more multi-domain than any other master data object, the timelines for completion are tight, and the need for accuracy is dire.   We’ve included two charts below from an earlier survey which outline the make-up of Material Master Data Governance

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Data Governance Model Support

Data Governance is a process-based structure that leverages an Approval Workflow system. The effectiveness and efficiency of the Data Governance Model depends on some critical factors. So, what supporting factors come into play in practical  Data Governance deployments? We underscore ‘practical’ since our perspective on Data Governance is that it

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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 – 2

Last week, we had a glimpse at an ERP implementation/consolidation project and why data visibility is an important component of it. This week we’ll see what happens when an important system like ERP is implemented without ensuring proper data management. A company’s master data is one of the key assets

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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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A Rundown of Our Latest Webinar – ‘Material MDM – All Your Questions Answered’

Verdantis hosted its latest webcast last week – ‘Material MDM – All Your Questions Answered’. The event was followed by an interactive Q&A session with the attendees. In the webcast our panel of experts shared Verdantis’ experience, mistakes, and successes with the attendees. For over a dozen years now, Verdantis

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Upcoming Webinar: “Material MDM – All Your Questions Answered”

Verdantis has been working with Global 1000 companies to help them manage their Material Master Data and reap hard-dollar benefits for over a dozen years now. The journey has not always been easy, but has certainly been an instructive one. Our upcoming webinar – “Material MDM – All Your Questions

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