How to use Master Data Management to Drive Transformation

The Network Effect

The post How to use Master Data Management to Drive Transformation appeared first on The Network Effect. Big Data Digital Supply Chain Multiparty Network Network Business Supply Chain Management master data management

Enterprise Labeling: Where Data Management Enters Physical Space

Loftware

How does enterprise labeling bridge the gap between ERP and the supply chain? Supply Chain SAP Oracle

What is Product (or Master) Data Management?

Supply Chain Game Changer

6 Trends to Make Supply Chain Managers the Heroes of Their Company! I had just inherited a new department into my organization, the Product Data Management (PDM) team. We were missing customer deliveries due to problems in getting the correct, and complete data, into the systems which enabled us to manage bills of material and manufacture products. What then exactly is Product, or Master, Data Management? Product Data Management (PDM).

What are the Five Key Business Processes for Supplier Master Data Management?

HICX Solutions

In order to deploy a successful centralized operational supplier master data management solution (that’s a mouthful) – which means covering 100% of all data and not just the 20 most important attributes – there are just five business processes you need to pay attention to.

The Impact of SOLAS on Ocean Shipping and Data Management

Talking Logistics

The Regulation’s Impact on Ocean Shipping and Data Management. The Regulation and Data Management. However, in today’s information-driven supply chain, data often flows in parallel with the passage of freight.

Master data management and the hidden costs of customer service

The Network Effect

CWCS Managed Hosting/Flickr. Note this the second installment in a series of posts on how master data management affect a company’s financial health. In my first post, I explored whether Wall Street should care about your master data management strategy. .

What is Vendor Master Data Management and Why is it Important?

HICX Solutions

Gaining a better understanding of who your vendors are allows you to improve all aspects of vendor management, such as sourcing, category management and payment. Why organisations struggle with Vendor Master Data Management.

Master data management should be higher on the agenda

Supply Chain Movement

The ever-advancing digitisation of business processes is raising the demand for high-quality data and making it increasingly important, because the success of supply chain collaboration is inextricably linked with the exchange of usable data. But what exactly is master data?

Contract Data Management With AI

ivalua

Contract Lifecycle management is an area we have seen huge demand in over the last year or two. Many of our customers leverage our contract management solution for both authoring or contract repositor. Not much contract data is available publicly, due to confidentiality.

Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. provide license management.

Master Data Management: the value of one source of truth (vs. multiple sources)

HICX Solutions

The problem with having multiple sources of truth is that, when the data is input into these various solutions from different entry points, it will move between the systems and then exit from whichever system it happens to be in at the time. Why you need a Master Data Management solution.

Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. provide license management.

Why Master Data Management is Important in Trade Compliance

3rdwave

Product and Account data are foundations on which all organizational activity operate. In most organizations, the ERP is meant to be the repository of the organizations’ master data. That is, ‘important’ data is housed there. provide license management.

The Financial Impact of Master Data Management

The Network Effect

Today I wanted to summarize the various topics we’ve explored regarding the connection between master data management and your company’s financial health. Remember that your master data is a subset of all the data used across your applications.

Put an End to Data-Management Woes in Your Supply Chain With MDM

Supply Chain Brain

As supply-chain design and management struggles to live up to modern-day business imperatives, enterprise decision makers have turned their gaze toward the inefficiencies plaguing it

Master Data Management is Essential for Process Integrity

Accelogix

Master data management preserves the integrity of critical master data at the foundation of your automated business system, whether it is a WMS or any other transaction-centric application. Even though master data is established once and centrally maintained, it is constantly used to validate many of the elements of a given transaction. In complex business models, it is common to find master data maintained on one application and introduced to a downstream application.

Channel Data Management Application: Build or Buy?

E2open

The right Channel Data Management (CDM) system will unlock the value of your channel sales and inventory data. The post Channel Data Management Application: Build or Buy?

Should wall street care about your master data management strategy?

The Network Effect

Yet is today’s standard practice of merely maintaining master data across our various and disconnected transactional systems achieving this mission? The post Should wall street care about your master data management strategy? Analytics Big Data The Network Effect

The Digital Age Demands Master Data Management

Enterra Insights

The digital age is data driven. The post The Digital Age Demands Master Data Management appeared first on Enterra Solutions. Big Data Business Cognitive Computing digital enterprise Master Data Management Enterra Solutions Stephen DeAngelisThat fact should come as no surprise. It stands to reason, therefore, that any … Continued.

8 Tips to Help Procurement Optimize Supplier Master Data

ivalua

Jarrod McAdoo, Senior Product Marketing Manager, Ivalua. Gartner predicts that by 2023, organizations that don’t optimize supplier master data management (MDM) could have wrong information for half of their suppliers! Optimizing Supplier Master Data Has Positive Results.

The High Performance Data Management Channel

Supply Chain 24/7

This paper details why channel data management (CDM) is a fast-growing discipline among large manufacturers that increases visibility into the fine details of what is happening within their sales and distribution channels

Five Steps You Can Take to Achieve ‘Data Nirvana’

HICX Solutions

There are many benefits to be had from redefining the way you manage your supplier data. Below are five steps you can take to greatly improve your supplier master data management processes and reach the hallowed state of data nirvana. The first step on your path towards data heaven is building out and defining your standards to support process design, ownership and management. Data consolidation. The next step is to cleanse your data.

Data 40

Unhappy Customers? It May be a Data Governance Issue

CHAINalytics

It May be a Data Governance Issue appeared first on Chainalytics. Blog Feature Supply Chain Consulting Supply Chain Operations data governance data governance process E-Commerce Logistics Operations master data master data management new product introduction online fulfillmentMy wife and I recently visited a local store to buy some end-of-season patio furniture. This particular retailer scoops up end-of-season items from home improvement stores.

Forecast Accuracy: Keep Your Demand Management Process Honest

Kinaxis

by Alexa Cheater Our partner Celestica recently published the following article, ‘ Are you keeping your demand management process honest? ’ You also need measurement and accuracy reports to determine the effectiveness of the entire demand management process. Data Management.

Welcome in the Big Data Opportunity

Supply Chain Shaman

The term big data is moving up the charts as a “hot topic.” We wanted to understand where companies are at in the adoption of big data concepts and we had a good time writing the report on the research. It requires change management.

10th Pan-European Conference in the P2P Series

Supply Chain Movement

There are still obstacles on the way including internal buy-in, poor master data management, supplier behaviour and more. Benchmark change management challenges. AzkoNobel data, technology and the P2P GPO. 10th Pan-European Conference in the P2P Series.

Digital Foundations: Fixing the Basics

HICX Solutions

In this blessed state, procurement moves from using descriptive data in a reactionary way towards using predictive data in proactive ways, all underpinned by full automation. Even our higher functions like category management are easily automated in a digitally-enabled world.

The Benefits of Breaking Down Silo Walls

The Network Effect

Big Data Multiparty Network Technology The Network Effect agility digital transformation master data managementAdapting to a changing world is a business necessity. Leaders must challenge the status quo in order to stay competitive.

Is There a Future for ERP and Procurement Suites?

HICX Solutions

Looking at ERP specifically, in the 1960s this was born out of the need for large manufacturers to manage production and customer demand, and was first known as materials requirements planning (MRP). Business Processes Master Data Management erp procurement suites suites

TIBCO Insight Platform enhances intelligent business operations with data management and analytics logic

Manufacturing & Logistics IT

a global provider of integration, API management, and analytics solutions, has announced its TIBCO Insight Platform solution for facilitating faster and more informed decisions and actions on the business TIBCO Software Inc.,

Supply Chain Movement 21 – S&OP + IT

Supply Chain Movement

Forecasting is about managing risks. Major organisational and cultural changes lie ahead for supply chain management. as the advance of e-commerce continues, companies with an omnichannel approach are increasingly implementing specific order management systems.

S&OP 78

Roberto Crippa: “If you try to manage new business with old rules you fail”

Supply Chain Movement

The business is getting tougher as more and more professional buyers at Customer’s site are managing procurement and purchasing. 1) Demand Management (demand forecasting, scarcity management and part of sales back office).

Italy 101

Modeling Brewing Capacity to Drive Cost Savings at HEINEKEN

Supply Chain 24/7

AIMMS's supply chain analytics solution helps HEINEKEN streamlines data management

Machine Learning in Finance – How to Get Started

QAD

Prophix develops innovative Corporate Performance Management (CPM) software that automates critical financial processes such as budgeting, planning, consolidation and reporting — improving a company’s profitability and minimizing their risk.

How To 112

Coming to IRF 2019, Mumbai? Visit Vinculum at Booth #A22

Vinculum

Order and inventory management. Consistent product and master data management. Order & Inventory Management – Take control of your orders, inventory and returns through a single, real-time dashboard view of your orders and inventory across all sales channels.

India 52

6 Reasons Why Retailers Need a PIM Solution

Vinculum

In order to juggle all of these channels, data and responsibilities, you need a PIM solution. Improve Quality of Data. At Vinculum, our Master Data Management system (MDM) creates a synchronized online/offline catalog of your existing products. Create a Data-Driven Model.

Personal Data and the European Union’s General Data Protection Regulation

Enterra Insights

The massive Equifax data breach once again hammered home the importance of protecting personal data from hackers. The post Personal Data and the European Union’s General Data Protection Regulation appeared first on Enterra Solutions. Big Data Business Compliance digital enterprise Master Data Management Enterra Solutions Stephen DeAngelis

Data 100