Many large companies with complex IT landscapes are consolidating ERP/ EAM platforms to deliver improved operational visibility and decision velocity to business. While such roll out projects focus on aligning business requirements with ERP/EAM functionalities and configurations, many teams overlook one of the most business-critical factors – Strategic data
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
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
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
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
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 •
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
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
Utilities face many challenges with their business and operations. In a highly asset intensive industry with a geographically disparate asset base, implementing operational and maintenance standards and practices is necessary to continually improve the balance between asset reliability and costs. They require uninterrupted supply of adequate and cost-effective materials
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
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