Category Archives: ROI

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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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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 –

How MDM helps the Utility Industry

How MDM helps the Utility Industry

  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

How New Regulations Are Affecting the Electric Utility Industry

How New Regulations Are Affecting the Electric Utility Industry

The electric utility industry is under constant pressure to explore new and more efficient ways to cut costs and increase production capacities for a secure, reliable and affordable supply. It’s been an uphill battle for a decade, and it keeps getting tougher. Aging infrastructures is getting costlier to replace, making

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