Our last post explained how to quantify the value of improving your Material Master data by reducing stock-outs related downtime. Today’s post will help you estimate improved materials-related personnel productivity. Improved materials-related personnel productivity: Total number of man hours = Total number of engineers * 1600 Total number
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:
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
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
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
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
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
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 •
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
Material Data is some of the most complex Master Data around. Core to operations, Key for performance reporting, and critical to EH&S compliance. But who owns it? Who controls it? Who oversees it? Historically, all master data, may have been considered to be the exclusive property of the
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