Tag Archives: Mergers & Acquisitions

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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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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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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

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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

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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

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Monetizing Master Data Management Projects

Monetizing good Master Data Management practices can be challenging.  We all look at the operational efficiencies, improved reporting and analysis, turning data into actionable information, and seeing the forest as well as the trees.  Don’t get me wrong – All good stuff.  But the CFOs out there are looking for