A sound MDM solution can help supply-chain managers to achieve data completeness, consistency, coherence and compatibility. Supply chain organizations need to be responsible for master data about customers, products, locations, vendors, and suppliers.
With data quality and consistency becoming critical in supply chain performance, supply chain leaders must pay more attention to MDM. Sales volumes are increasing, distribution networks are developing, and supply chain professionals are trying their best to cope up with evolving business imperatives.
Effective master data management platform around data accountability and ownership must be clearly defined and leveraged by supply chain leadership.
But why’s the focus on supply chain data management? Because today’s supply chains are highly data dependent. When turned into information, this data delivers insights that can either surge or slide down in success charts. Companies that fail to properly track and manage supply chain data modeling lack the ability to make informed decisions, let alone optimize overall performance.