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The word strategy, 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 a hidden threat that can cause multiple issues, including wasteful [...]

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 that can [...]

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 becomeMaintaining structured data. • Employees are frustrated. Time is lost. Business decisions are compromised. Inaccurate and redundant data can cause the purchasing budgets of many companies to spiral out of control. As [...]

A supply chain represents the life cycle of a product between its point of origin and the point of consumption in the market. It is responsible for ventures such as operations, purchasing, manufacturing, transportation, warehouse and distribution centers. Supply chain encompasses the planning and management of sourcing, procurement, and conversion of a product as it makes its way to the consumer, thus Supply Chain Management is a complex process that is vital for any business operation that wants to turn a healthy profit.Delivering a finished product to the shelves of a retail store isn't an undemanding process. In the early [...]