Data throughout an enterprise is an “information supply chain” that requires strategic attention just like your physical supply chain. The data comes from multiple sources (like suppliers and business functions), is most efficient as a single-piece continuous flow (like Lean manufacturing) and provides outputs (like products) only as valuable as the inputs (like materials, quality). Data from customers, vendors, suppliers and the like should run as a continuous flow of information, allowing for optimized business processes without creating the usual “information bottlenecks” that most organizations face. When companies focus on using Master Data Management to create more efficient operations intended for increased customer value, it becomes an asset to the organization and ultimately leads to a sustainable competitive advantage. Click here to see the vast amount of crucial data embedded in the stages of the supply chain
Properly managing Master Data throughout the enterprise has become increasingly critical for ERP, SCM and CRM implementations and their ongoing operation. With managed, accurate data a company’s operations can be significantly improved through:
MDM can reduce data management costs by up to 50% along with immeasurable intangible and long term benefits. Master Data exists in different forms in virtually every area of a company. Only when these sources of data are identified and a single view of the data can be achieved can an ERP system be efficient and the information gathered from marketing, customer service, manufacturing and other functions be effectively used to serve the customer.
CGN Global enables Master Data to be accurately and consistently gathered and utilized throughout the enterprise to enable the continuous flow of information for optimized customer experiences and bottom line improvements. CGN Global utilizes Master Data eXchange (MDX) to clense, match and migrate enterprise-wide data.