Tag Archives: business impact

ItemMaster_Procurement

Leveraging Item masters in Procurement

Leveraging Item or Material masters in Procurement is certainly not new. As a standing best practice, there are simply different approaches that Procurement has taken. Creating a central repository in the ERP/MR for direct and production related indirect material has been implemented for years in most discrete and process manufacturing

MDM Initiatives

How to Monetize Product and Material Domain MDM Initiatives

  (Identify Duplicates, Standardize Data, Create Actionable Value) This is Part 2 of a 2 part blog post. Read Part 1 on Product and Material Domain Monetization of MDM initiatives – The difference.   So for product and material, the attributes matter and our customers have developed, adopted or leveraged

Million

The Million Dollar Question: Master Data Management – Before or After ERP?

Before proceeding with the answer to this million dollar question, we need to first know what ERP means to a business. This is because the concept of ERP – Enterprise Resource Planning differs from project to project. Some companies consider ERP as a business application strategy – one that merges

Need For MDM

Strengthening your E-BOM with MDM

Manufacturing businesses are bound to stick to tight budgets. They like their component lists to be complete, harmonized, updated and running, at all times. So, in order to keep their bill of materials (BOM) regularly refreshed with an updated list of all the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts

MDM Initiatives

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

MDM can be the missing ROI accelerator in ERP deployments!

MDM can be the missing ROI accelerator in ERP deployments!

Per a recent survey it has been found that 75-80 % of ERP projects failed to generate the desired ROI. For the promised benefits of ERP deployment like better decisions, reduced costs and increased performance to translate into tangible dollar savings, these initiatives need to be supported well by other

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