Organizations often end up storing duplicate master data across different systems and in different geographical locations, which leads to Inaccurate, full of Discrepancies, Incomplete, Inconsistencies and Redundancies and that can cost money, disrupt business / poor business decisions and seriously affect the quality of customer service.

Without a Quality Data capability, it will be challenging for any organizations to move to service oriented architecture.

So if you cannot see clearly what you are buying, and from whom you are buying the products, and services, your organization is no position to influence for negotiate better quality, terms and conditions.

The Data describes focal areas of business requirements, such as :

• Materials
  
• Products
  
• Asset
  
• Customers
  
• Suppliers
  
• Employees

Basic reality of the Data is more like the following :

• Data may not be transactional, but it does change frequently due to changing design, specifications, or continuous improvements.
• Cross applications users may need the same elements

What are the Qualitative Benefits?

• Streamline business process management
• Inability to carry accurate analysis and MIS reports.
• Develop a standardized maintenance, repairs, and operations inventory database
• Duplicate, expensive maintenance of part Master Data records
• Lower total cost of ownership and increase innovation
• Control surplus inventories and reclaim capital from inventory investment.
• Support for e-business initiatives that optimize ordering cost.
• Reduce stock-out and minimize down time.