Table of Contents
The counterproductive cycle of master data management is shown below. It includes asking business teams to fill out complex and confusing spreadsheets and forms, chasing them for input, tedious data entry, fixing errors, and being blamed for poor master data. Master Data initiatives focus on fixing errors rather than preventing them, perpetuating the cycle.
IT-centric Master Data Management makes it worse
Expensive IT-centric master data management solutions are no panacea and may even deteriorate the situation.
Business-led Master Data Management breaks the counterproductive cycle
We are aware of at least one approach that can break the cycle. And that is Business-led Master Data Management.
Business-led Master Data Management relies on the following to break the counterproductive cycle.
- Mistake proofing at the source (using a variety of mistake-proofing techniques)
- Seamless integration to ERP, CRM, Planning, and Manufacturing systems
- Flexible data modeling that can support data model changes at run time
- Strong governance workflow modeling and execution engine
- Auditability and electronic signatures (especially in regulated environments)
- Out-of-the-box domain models that can be extended
- and more..