At QuadraDot, our consulting division often gets approached with the following project proposal: go through the master data of a company and standardize all names and descriptions so that our master data will finally be clean. While we have the knowledge and ability to complete this task, the reality is that this is at best a temporary solution and at worst, a complete waste of time and money.When a company has existing material descriptions, they very often do not exist in a vacuum. The purchasing department as well as engineers, mechanics and warehouse staff are usually, in some form or [...]
Getting your data in an organized structure is hard enough but getting it in order is only half the battle. Keeping your data organized can prove to be just as hard a task. You need to have strict rules in place or your data can overlap and finding items in your inventory can become a nightmare. If you don't adhere to a strict data structure, adding new items and using new abbreviations can corrupt your structure. If you have too many manual controls and processes it can limit your ability to enforce standards.Having limited resources can also affect your ability [...]
Our Marketing Director Adam Troller was recently interviewed by Seattle Metro Magazine's Casey Gilly. Read the article here.
Data governance is the overall management structure of an enterprise's data that establishes and maintains high quality data throughout multiple platforms of a business. It is responsible for the usability, cleanliness, and security of all data - ranging from customer relations, vendors, inventory, accounting, and supply chain management. A properly set up system of data governance allows you to engage in effective and necessary data management strategy, that will result in maximum profits and better decisions from staff.If implemented properly, data has the potential to elevate your business to the next level, it provides concrete statistical information that will back [...]
In 1758, Carl Linneus published the tenth edition of his book Systema Naturae in which he described his classification of the biological kingdom. Using taxonomic ordering, he aimed to give every living thing a specific name, and a group to belong to. In the same way, material master data is also broken down with a taxonomic system. By putting materials into smaller and smaller groups, it becomes easier to search for specific materials and to master new materials that are similar to existing materials. An animal would be classified first in the kingdom "Animalia" to separate it from the "Plantae" [...]
The material master record contains all information about the materials a company procures, manufactures, stores and ships. The material master database contains descriptions of all materials that an enterprise procures, produces, and keeps in stock. It is the central repository of information on materials for the enterprise. The integration of all material data in a single materials database eliminates the problem of data redundancy and permits the data to be used not only by Purchasing, but also by other business departments and applications.The end goal of a material mastering project is a unique description for each material with consistent names [...]
Master data is the core data that is essential to operations in a specific business or business unit. The kinds of information treated as master data varies from one industry to another and even from one company to another within the same industry. Master data is an important enterprise asset, and effective management of this data is critical to maintain good operational and financial health.Master Data Management (MDM) is a comprehensive strategy to determine and build a single, accurate and authoritative source of truth of a company's information assets and deliver this on demand as a service.Master data currently has [...]