Product and Material Domain Monetization of MDM initiatives – The difference
Sell-Side Products and Buy-Side Material have a totally different context than the well-defined Customer, Supplier, Employee, Chart of Accounts, etc.
Sell-Side Products may be well defined by Product Engineering and Product Management and have distinct characteristics related to distribution, or even retail outlets. These characteristics and attributes are as unique as the products themselves and the companies that make and / or market them.
Buy Side Parts, Components and Materials have a similar context to Sell-Side products, yet the monetization capabilities for this domain allow for the decoupling of the distribution or retail specific characteristics to provide a more straight forward method of Standardization, Normalization, Attribution and Rationalization. Although to be certain – based on the geographic disparity between operational centers in certain global industries, the distribution / logistics attributes of buy-side material may be considered germane to the item itself.
This is where the data models, or perhaps more specifically the data element models get more than a little convoluted. Since items have characteristics or attributes that are unique to the kind of product or part it is, and some categories of items may be defined by 5 unique characteristics while others need 20 characteristics, and the diverse nature of the item universe may have directly conflicting ways to name things. Take the example ‘adapter’ – if it’s a pipe adapter we know how to describe it, if it’s an electrical adapter we know how to describe it, if it is an AV adapter then we know how to describe it, but if all we know is that it’s an adapter, we can guess at its purpose, but cannot make a guess as to what it actually looks like, or feels like in the context of a record in a data file.
Here the set of eyes used to view data quality needs to shift to from a narrow view to a broader view, and one that can take into account previous experience.
This is Part 1 of a 2 part blog post. Read part 2 on Monetization of Material and Product domain MDM initiatives .
Latest posts by Arthur Raguette (see all)
- How MDM helps the Utility Industry - May 11, 2016
- Customer Driven –The New Face of Electric Utility - May 5, 2016
- How New Regulations Are Affecting the Electric Utility Industry - April 26, 2016