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The Business Case for Master Data Management

Published By: Zynapse
Zynapse
Published:  Sep 10, 2010
Length:  12 pages

Business initiatives such as ERP system consolidation, enterprise spend management, total productivity management (TPM) and improving overall equipment efficiency (OEE) have one thing in common. That is dependency on a clean, classified and attribute enriched master data. Master data that is wrongly classified can result in:

  • Increased inventory & procurement costs
  • Decreased plant & equipment availability
  • Bloated vendor base due to similar entries
  • Payment & taxation related errors/frauds 



Tagszynapse, erp projects, data information, data management, governance, mdm, master data management, odm