Material Master Data Management - A Business Case

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.

To prevent such a system collapse, it is essential to consolidate, rationalize/normalize and enrich material and vendor master data that can be transformed into a source of competitive strength for these enterprises.

Enriched Item Master = Efficient Enterprise

Master data that is wrongly classified can result in:

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

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