Don't Rush Master Data Management
Master Data Management (MDM) is not a magic pill for all of you company data woes. You cannot just wave a magic 'MDM' wand and expect that your data will be organized, and all problems solved.
Master Data Management helps companies identify what is critical for running their business successfully. It makes sense that your most critical information should have the most stringent controls around it. When you begin MDM, the goal is to put tight controls, processes, and procedures around the data most important to the company.
You don't want to take it on all at once. You want to start with small bites, focusing on narrow areas first. I've found that it is particularly helpful to get some quick wins so others in the organization 'buy-in'. Help some of the critical participating parties and they will be grateful and supporting of your work.
If the data you decide on is order data, then you'll need to have everyone in the organization agree that order data is what is in scope, and nothing else. You'll likely then focus on order numbers, order dates, products ordered, etc.
Once you have decided what data is in scope, you will then need to start your research. What are the internal definitions for the data elements? What groups use this data? Are there 'data owners' of this information within the organization?
Once you have answered these questions, begin to organize the data and assign tasks for cleaning up any identified issues. This is a basic start for Master Data Management - 20759
Master Data Management helps companies identify what is critical for running their business successfully. It makes sense that your most critical information should have the most stringent controls around it. When you begin MDM, the goal is to put tight controls, processes, and procedures around the data most important to the company.
You don't want to take it on all at once. You want to start with small bites, focusing on narrow areas first. I've found that it is particularly helpful to get some quick wins so others in the organization 'buy-in'. Help some of the critical participating parties and they will be grateful and supporting of your work.
If the data you decide on is order data, then you'll need to have everyone in the organization agree that order data is what is in scope, and nothing else. You'll likely then focus on order numbers, order dates, products ordered, etc.
Once you have decided what data is in scope, you will then need to start your research. What are the internal definitions for the data elements? What groups use this data? Are there 'data owners' of this information within the organization?
Once you have answered these questions, begin to organize the data and assign tasks for cleaning up any identified issues. This is a basic start for Master Data Management - 20759
About the Author:
Learn about Master Data Management and the value it can bring to your company at the Master Data Management Blog. Visiting the site will help you be successful in your journey to install Master Data Management in your company.
No comments:
Post a Comment