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:
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
Our last post talked about two significant events that require high quality material master data: Merger / Acquisition and ERP / EAM Consolidations. Let’s talk about steady state processes which benefit materially (pun intended) from higher levels of data quality. We will cover operations issues in this post and touch
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
The 4th of July is celebrated as Independence Day across the entire United States. It offers a great opportunity to relax and enjoy much-deserved get-togethers with family and friends. However, holidays are for people but businesses are always running. For one of our clients, it was the day they
Most large enterprises understand that effective Master Data Management practices unlock considerable value. However, executive buy-in for information governance projects like MDM often rides on a wave of larger IT initiatives like an ERP consolidation. “Consolidation presented a unique and interesting opportunity to get management buy-in for setting in superior
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
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
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
Okay – so your CIO is pushing for a systems consolidation to allow better enterprise visibility, accountability, transparency to realize operational efficiency that drives improved financial performance. Nice phrases that make everyone in the boardroom nod appreciatively. So show me the money. Whether the decision to consolidate systems
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