Our last post explained how to quantify the value of improving your Material Master data by reducing stock-outs related downtime. Today’s post will help you estimate improved materials-related personnel productivity. Improved materials-related personnel productivity: Total number of man hours = Total number of engineers * 1600 Total number
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:
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
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
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
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
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
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
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 •
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