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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

•  Inventory optimization

•  Visibility enhancement

•  Greater process compliance

 

Moreover, as information has become one of the most crucial factors for an enterprise’s growth, data governance becomes essential to manage the quality of data.

Mergers and Acquisitions, Globalization, Omni Channel infrastructures—all contribute to the challenge of rapidly growing, highly distributed, data demand as well as data supply!

These developments contribute to the ocean of data in today’s Global 2000 enterprise. Some of the common hurdles faced by these organizations include:

 

•  Plants in multiple locations

•  Multiple legacy systems

•  Multiple user groups across locations

•  Multiple taxonomies across plants

•  Huge data size for material, vendor, product, etc.

•  Data in multiple languages

 

Syndication and governance of data quickly become intertwined. Both the control of new data and adherence to standards for data modification are accomplished through Master Data Governance.

Let’s look at the Data Governance Support Model in more detail in our next post.

For any questions on Master Data Management, please feel free to contact us at info@verdantis.com.

 

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Arthur Raguette

Arthur Raguette

Arthur Raguette is the Executive Vice President at Verdantis. Arthur is very passionate about the application of innovative technologies to solve real-world business problems with a strong emphasis on large enterprise solutions. He has more than a decade of experience of working with Software for Master Data Management and Data Governance for multiple domains and across industries. Arthur’s prior technology passions included high performance B2B middleware and hybridized SaaS applications for HR, Employee and Education related domains.

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