What is Master Data Management?
Master data management (MDM) is a process that pulls data from various systems across an organisation allowing you to view data from multiple systems all in one interface. It allows users to have a 360-degree view of all their information and keep data consistent across the company.
What data can be stored?
· Customer trends
· Complaint data
· Product information
· Employee data
· Asset data
This data can come from emails, word documents, PDFS, sales, invoices, product workflows, currencies, and many other data forms.
Data governance is an initiative the company takes to create and enforce a set of rules and policies regarding its data. This is to help ensure the data is usable, accessible, and protected.
Why is Master Data Management important?
· Allows companies to make informed data-driven decisions
· Increased data consistency
· Helps to optimize operations
· Helps to increase productivity & revenue
· Encourages businesses to improve the quality of their data
· Ensures regulatory compliance
Master Data for food/non-food products
· Allows key stakeholders to view supplier and client information and work collaboratively together
· Allows all data to be up-to-date when viewing
Do you need a Master Data Management System?
Do you need a system that stores product information safely in one system? giving your teams and suppliers to view this information collaboratively to drive data quality, ensure regulatory compliance and get product to market quicker?
With constant changing and updating of recipes, a system that allows you to see the most updated option when you want to view it. This means no one has an outdated version with the wrong information.
Our software application Smart Supplier will allow you to communicate and collaborate with your suppliers, making your day-to-day life much easier.
To get in touch regarding MDM, contact firstname.lastname@example.org, call 01933272089 or through our contact page.