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
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
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
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 personal life as well as professional ones, we are being inundated with an increasing amount of data. While this might just prove to be a minor inconvenience in most cases, if such huge amounts of data is not managed properly at the business level, the long term
One of our senior implementation managers returned to the office last week after the kick-off meeting for a Fortune 500 chemical company in America’s southeast. The company had completed an acquisition last year, and was rolling out a common SAP ERP throughout the combined entity. Verdantis was called in to
In the first part of this set of blog posts, we discussed why the perception of master data management as a technological issue is still so prevalent and why it doesn’t give us the right perspective. In this second and concluding part, you can read about the problems faced
Data quality, data governance, purchased parts master data, and data credibility are just some of the things that we have talked about in our previous posts. While all of these are critical components of master data management, there is one other piece of the puzzle that needs to be
Knowledge Hub
Verdantis Solutions