Tag Archives: business impact

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Benefits of Material Master Data Management-Part 3

In our previous post, we provided a calculator to help you estimate the value of improving your Material Master data by avoiding inventory cost. Today’s post features an ROI Calculator to help you plug in your numbers and estimate inventory holding cost reduction.   Inventory holding cost reduction:    

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Benefits of Material Master Data Management-Part 2

Material Master Data Quality Improvement can reduce the costs of an ERP or EAM implementation.  They can also improve your cash flow, reduce operational outages, and generally support improvement in business operations.  In this post, we provide a calculator to help you plug in your numbers and estimate the value

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Benefits of Material Master Data Management

Our last few posts talked about Operations and Procurement issues that arise from poor Material Master Data quality.  Funding a quality improvement project is never easy.  Let’s look at some ways in which Material Master Data quality improvement can reduce the costs of an ERP or EAM implementation.  In our

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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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A Quick Run-through of Our Latest Webinar – ‘Business Benefits of Material Master Data Management’

We recently hosted a webinar, ‘Business Benefits of Material Master Data Management’, presented by George Pasti (Regional Manager, Verdantis). It was followed by an interactive Q&A session with the attendees. For those of you who missed it, here’s a quick rundown.   The webinar started off by examining the various

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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

Webinar-Strategically-manage-data-quality-in-an-ERP-rollout

How to strategically manage data quality in an ERP rollout?

  Many large companies with complex IT landscapes are consolidating ERP/ EAM platforms to deliver improved operational visibility and decision velocity to business.  While ERP implementations and consolidations are primarily aimed at aligning ERP functionalities with business processes, one critical factor that sometimes gets left out of the discussion is

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