Master data management: from savings to value

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Discover the costs of incorrect master data management and how the right MDM can generate savings and business value.
Data inconsistencies, poor information quality, integration problems, data fragmentation and insufficient information governance are the consequences of not knowing how to properly manage master data. Master data management (MDM) is the solution to all these issues and also the answer to the questions that arise in all organizations about customers, products, employees, suppliers and finances.

The costs of poor management
Not only are results affected by inconsistent master data management , but insufficient master data management also causes negative effects on costs, leading to:

Incorrect business decision-making, based on poor quality data and the organization lacking a single vision.

The decline in revenue levels due to the loss of cross-selling opportunities, the increase in the customer abandonment rate and delivery errors that lead to returns.

The proliferation of operational inefficiencies, which force overseas chinese in europe data to be invested in making adjustments and repeating processes.

The increase in production costs, which is due to the duplication of article codes, stock outs (real and false) and the increase in expenses associated with the inventory function.

Problems in transactional processes caused by delays in provisioning, lack of precision in selecting target customers or inability to assess risks.

IT slowdowns , which hinder its innovative potential and reduce the cost effectiveness needed to support business requirements.

Decline in productivity levels, the main cause of which is the costly rework that information errors need to be corrected.

The need to solve data quality problems that, when not fixed at source, require greater investment in time, resources and expertise to be fixed at the downstream level.


MDM: How to create a single view of the customer, improve the customer experience thanks to the management of your master data

Master data management: master management that leads to savings
Working to improve and provide consistency to the master data management function in the organization is synonymous with moving towards savings, both in the short and long term. MDM ensures that critical company data is validated correctly, consistently and completely for its circulation for direct consumption by business users or in internal or external business processes and applications.