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Does Your Company Have a Good Data Strategy?

By |2019-08-07T13:25:27+00:00January 18th, 2019|Quick Reads|

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 [...]

Implications of Failing to Create Good Material Masters

By |2019-08-07T13:25:18+00:00January 4th, 2019|Quick Reads|

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 [...]

What’s the BIG DEAL about Master Data?

By |2019-08-07T13:27:17+00:00December 21st, 2018|Quick Reads|

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 [...]

How does data get corrupted?

By |2019-07-16T17:07:25+00:00December 4th, 2018|Questions|

Getting your data in an organized structure is hard enough but getting it in order is only half the battle. Keeping your data organized can prove to be just as hard a task. You need to have strict rules in place or your data can overlap and finding items in your inventory can become a nightmare. If you don't adhere to a strict data structure, adding new items and using new abbreviations can corrupt your structure. If you have too many manual controls and processes it can limit your ability to enforce standards.Having limited resources can also affect your ability [...]

Supply Chain and Logistics Overview

By |2019-08-07T13:24:12+00:00December 4th, 2018|Quick Reads|

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 [...]

What is the UNSPSC?

By |2019-08-07T13:27:07+00:00September 12th, 2018|Questions|

The United Nations Standard Products and Services Code (UNSPSC) is a system which is used to classify all products and services around the world. It is a taxonomy structure that is widely considered the standard for today's modern world of eCommerce. This allows products and services to be classified more efficiently and accurately. By implementing the UNSPSC structure, your business is able to improve company wide spend, deliver procurement cost effectiveness, and reduce company costs all together.The UNSPSC classifies products and services in a hierarchical system, dividing them into four common tiers which pave the way for eCommerce. The groupings [...]

What is Data Governance?

By |2019-07-16T14:24:09+00:00June 25th, 2018|Questions|

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 back [...]

What is Taxonomy?

By |2019-03-22T13:35:56+00:00June 25th, 2018|Questions|

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" [...]

What is a Material Master?

By |2019-07-16T15:37:02+00:00June 25th, 2018|Questions|

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 names [...]

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