mds_admin

/mds_admin

About mds_admin

This author has not yet filled in any details.
So far mds_admin has created 7 blog entries.

Does Your Company Have a Good Data Strategy?

The word strategy, according to an online dictionary (Wikipedia, 2018), is translated from Greek as στρατηγία stratēgia, "art of troop leader; office of general, command, generalship," and indicates a high level plan to achieve one or more goals under conditions of uncertainty. So, what’s your strategy for managing company data? For sure, a company’s material masters could exist in an uncertain environment that requires both planning and maintenance to keep data consistent, clean and reliable. More and more big companies are investing in big data and reaping the rewards and insights that successful management of it brings. However, there is [...]

By |2019-01-18T19:56:39+00:00January 18th, 2019|Questions|0 Comments

Implications of Failing to Create Good Material Masters

Is your company struggling with duplicate purchases, increased purchase order costs, limited spend capability, or perhaps grappling with the impaired ability to locate inventory items? If so, you may be unaware that many of these issues stem from bad data almost invisibly embedded in your material masters. What’s worse, as time goes by the problem only increases in both scope and size unless something is done to restore your material masters to unspoiled condition. Fortunately, with help from QuadraDot’s Granite Material Masters™ software it’s possible to untangle the Gordian Knot of bad master data and transform it into an asset [...]

By |2019-01-04T23:44:06+00:00January 4th, 2019|Quick Reads|0 Comments

What’s the BIG DEAL about Master Data?

What’s the big deal about Master Data? It’s really no secret that master data is a key component to building a lean, efficient process-driven Supply Chain organization. But what remains elusive to many businesses is how to effectively manage their data given that there are multiple stakeholders who are accessing and inputting the data in ways that, unfortunately, aren’t always congruent throughout the company. The result: bad data. • Businesses struggle with organizing Material Master data. • Once organized, the challenge become Maintaining structured data. • Employees are frustrated. Time is lost. Business decisions are compromised.   Inaccurate and redundant [...]

By |2019-01-10T18:27:55+00:00December 21st, 2018|Quick Reads|0 Comments

What is Data Governance?

Data governance is the overall management structure of an enterprise’s data that establishes and maintains high quality data throughout multiple platforms of a business. It is responsible for the usability, cleanliness, and security of all data - ranging from customer relations, vendors, inventory, accounting, and supply chain management. A properly set up system of data governance allows you to engage in effective and necessary data management strategy, that will result in maximum profits and better decisions from staff. If implemented properly, data has the potential to elevate your business to the next level, it provides concrete statistical information that will [...]

By |2018-07-23T13:47:15+00:00June 25th, 2018|Questions|0 Comments

What is Taxonomy?

In 1758, Carl Linneus published the tenth edition of his book Systema Naturae in which he described his classification of the biological kingdom. Using taxonomic ordering, he aimed to give every living thing a specific name, and a group to belong to. In the same way, material master data is also broken down with a taxonomic system. By putting materials into smaller and smaller groups, it becomes easier to search for specific materials and to master new materials that are similar to existing materials. An animal would be classified first in the kingdom "Animalia" to separate it from the "Plantae" [...]

By |2018-06-25T10:47:21+00:00June 25th, 2018|Questions|0 Comments

What is a Material Master?

The material master record contains all information about the materials a company procures, manufactures, stores and ships. The material master database contains descriptions of all materials that an enterprise procures, produces, and keeps in stock. It is the central repository of information on materials for the enterprise. The integration of all material data in a single materials database eliminates the problem of data redundancy and permits the data to be used not only by Purchasing, but also by other business departments and applications. The end goal of a material mastering project is a unique description for each material with consistent [...]

By |2018-09-06T13:58:54+00:00June 25th, 2018|Questions|0 Comments

What is Master Data?

Master data is the core data that is essential to operations in a specific business or business unit. The kinds of information treated as master data varies from one industry to another and even from one company to another within the same industry. Master data is an important enterprise asset, and effective management of this data is critical to maintain good operational and financial health. Master Data Management (MDM) is a comprehensive strategy to determine and build a single, accurate and authoritative source of truth of a company’s information assets and deliver this on demand as a service. Master data [...]

By |2018-06-25T10:48:49+00:00June 25th, 2018|Questions|0 Comments