SC Magazine Australia/NZ / White Papers / Zynapse / The Business Case for Master Data Management

The Business Case for Master Data Management

Zynapse

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. Master data that is wrongly classified can result in:

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

Tags : zynapse, erp projects, data information, data management, governance, mdm, master data management, odm, mmdm, material, tpm, application integration, business intelligence, configuration management, database development
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Published:  Sep 10, 2010
Length:  12
Type:  White Paper