Tag Archives: data quality

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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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The need for effective Material Master Data Management – Part 3

Our last post talked about the Operations issues that arise from poor Material Master data quality. Let’s take a look at purchasing and spend analysis impacts of poor data.   Sourcing Sourcing projects and the make-versus-buy decision process in general require a view of what exists already in the approved

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The need for effective Material Master Data Management

The success and measurable impact of many business initiatives depends on consistent, high quality material master data. Two significant business events that underscore the importance of high quality material master data are Merger / Acquisition and ERP / EAM Consolidations.   Merger and Acquisition Activities The synergies driving M&A activities

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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 • 

Data Governance for single source ERP EAM systems

Data Governance – The other part of Material MDM

We started off the year with a deep dive into material master data quality and what the phrase signifies. While getting material data to an acceptable level of quality is essential, material master data management consists of another, equally important part – data governance.   What is Data Governance?  

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