Monetization of MDM initiatives in an ERP Consolidation or ERP Upgrade landscape (cont’d)
Clearly consolidating multiple sources of poor data into one great big honking set of bad data is a real bad idea. But this happens much more than it should. It usually happens because certain data domains are perceived as being more challenging than others and left to the end of the consolidation / upgrade project.
Often there is the perception that consolidating system related part, product and material data is hard to do. This perception is usually based on the feeling that bad data quality of existing information is going to limit what can be done.
The reality is that data quality is relative, and in the eyes of the beholder. The ‘tricky bit’ as some might say is to look at data quality not through solely human eyes, but with capabilities from an objective source.
Material / product data quality is rarely incorrect. It is, however, usually incomplete, much too briefly described, often mis-abbreviated, inconsistently coded, or industry / company / segment / plant / individual specific.
Okay – so some would say the data quality is poor. And yes it’s harder to make sense of the data, but it’s the easiest MD domain to make dollars and cents of. And monetization makes this a challenge worth pursuing.
Customers, Suppliers, Employees, GL Accounts, can all be normalized, rationalized and mapped because within the context of the a system consolidation or upgrade these all represent well understood entities, whose attributes are commonly understood. Customers have multiple addresses, may sit within a corporate hierarchy, may have ways to be represented as unique, likewise suppliers.
Product and Material to come…
They all undergo Normalization, Attribution and Rationalization to fit into the right Data Quality Standards to support Master Data Management and MD Governance initiatives.
Seen any other ways to monetize MDM ? Or know any other master data domains that bring as much impact to the bottom line? Share your views below..
This is Part 2 of a 2 part blog post. Read more on Monetization of MDM initiatives in an ERP Consolidation or ERP Upgrade landscape here….
Latest posts by Arthur Raguette (see all)
- Upcoming Webinar:Strategically manage data quality in an ERP rollout - August 27, 2018
- Benefits of Material Master Data Management-Part 5 - March 21, 2018
- Benefits of Material Master Data Management-Part 4 - March 1, 2018