Top drivers for material master data management (MDM) investment:
- inaccurate decisions due to poor data quality
- searching for information too complicated / time consuming
- ERP upgrade / implementation / consolidation
- current data architecture doesn’t support business processes
- data not ready for distribution to multiple platforms
Laying the business process foundation:
- documented IT roles and responsibilities
- cross function team / line-of-business user participation
- job role / group dedicated to data management
- executive sponsor for database administration
- end-users involved in MDM goals / requirements
Recommendations:
- build a business case for a MDM initiative
- appoint clear leadership for the management of master data
- build the foundation of proper business processes
- strategically invest in technology
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