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
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
While there are many things to be worried about for oil and gas industry professionals, this can be seen as the perfect time to strike at the root of systemic problems and make major changes in organizations. So, after spending two weeks documenting the travails and sentiments of the
A week back, in the first part if this series of blog post, we talked about the ills plaguing the global oil and gas industry and what it has meant for the long term as well as the short term strategies of these companies. In this part we’ll have a
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