Master Data Quality Improvement – Adding to your EAM Implementation ROI
Change is tough, but it is said to be the only constant in life. Individuals and companies, both struggle to adapt to changes in their environment and even though it is generally tough, doing so successfully is the only way to ensure continued existence and growth. For organizations, the change can be in the form of a new technology, new management, changed economic scenario, or simply the evolution of society that looks at it and its offerings in a different light than before.
One of the biggest challenges facing businesses in an economy which is fast changing is the way they handle their data. The current economy is being differentiated from the manufacturing and the service economy (the old economy) by focusing on the stress companies now lay on data, its storage, usage, and importance. In fact, the economy is being called the ‘data economy’.
Traditional businesses such as fast moving consumer goods (FMCG), which are used to working in the old economy have to adapt and change to ensure that they are not left behind. Data is being accorded the importance it deserves as a business asset and the C-suite is now regularly involved in the acquiring of new technologies and creation of new processes that make use of this data. Still, change is not easy, and for companies (and people) who are set in their ways, it can sometimes be threatening. However, there are many examples where the proper use of master data management has yielded great benefits for the organization, as well as the people working there.
This case study by Verdantis tells a similar story. The client was an almost century old industrial baking company with an annual turnover of over $5 billion. While the company was performing well, the management was putting in a new EAM system (Maximo) and realized that the data in their legacy systems was not sufficiently reliable because of quality gaps. To give a boost to the ROI of the ERP implementation (with best practices) and to usher in a new era of high quality data, the management decided to work with Verdantis to cleanse their material master data. The process was long and you can read all about the journey and the destination by downloading the complete case study.
Further Reading –
Latest posts by Vipul Aroh (see all)
- Key Takeaways from our Webinar – Strategically Manage Data Quality in an ERP rollout - November 4, 2015
- Boosting the ROI of an ERP project – Part I - August 31, 2015
- Master Data Quality Improvement – Adding to your EAM Implementation ROI - July 29, 2015