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
In our previous blog post, we talked about the impact of lack of data visibility during an ERP implementation. Today, we will discuss how an MMDM solution helps drive greater benefits from an ERP project. Let us explore why MMDM should be a part of the ERP blueprint:
Once the organization has designated who will own the data and understands the unique nature of material master data, it’s time to decide who will manage it all. In this post, we will explain who the data steward — or stewards — should be. Even in the field of
Last week we covered one of our favorite subjects —the centrality and criticality of master data and who owns it within the enterprise. It’s a complex topic that deserves more attention. We’ll now dig deeper into the types of master data and focus on one specific kind — the
In the first part of this series of blog posts, we talked about how a small error in data can lead to serious issues. We learned about the different ways such errors can affect data quality. Now is the time to learn how to avoid these errors and minimize
Let us start today with a definition – ‘The sensitive dependence on initial conditions in which a small change in one state of a deterministic nonlinear system can result in large differences in a later state.’ Do you know what I am talking about? While the definition might be
Carpe Diem, or seize the day, is a prevalent motto especially where business houses and companies are concerned. New ideas and approaches are looming large on the corporate and financial transaction oriented landscape and embracing such change is essential for corporates to stay at the top of their game.
“When the going gets tough, the tough get going.” In the business world, every day presents new opportunities. We see new ideas, new horizons and a fresher approach to the world of financial and corporate transactions. Change is constant, but change is always welcome, if you’ve readied yourself
The rising costs of transportation, reinforcement of import duties, and softening of labor arbitrage with emerging markets has seen resurgence in new manufacturing operations being opened closer to consumers. For the established manufacturing nations like Germany, Canada and the United States this has meant both organic growth of
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