By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data Analytics instagram stories
    Data Analytics Helps Marketers Make the Most of Instagram Stories
    15 Min Read
    analyst,women,looking,at,kpi,data,on,computer,screen
    What to Know Before Recruiting an Analyst to Handle Company Data
    6 Min Read
    AI analytics
    AI-Based Analytics Are Changing the Future of Credit Cards
    6 Min Read
    data overload showing data analytics
    How Does Next-Gen SIEM Prevent Data Overload For Security Analysts?
    8 Min Read
    hire a marketing agency with a background in data analytics
    5 Reasons to Hire a Marketing Agency that Knows Data Analytics
    7 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: MDM Streamlines the Supply Chain
Share
Notification Show More
Aa
SmartData CollectiveSmartData Collective
Aa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Uncategorized > MDM Streamlines the Supply Chain
Uncategorized

MDM Streamlines the Supply Chain

EvanLevy
Last updated: 2010/03/02 at 2:54 PM
EvanLevy
6 Min Read
SHARE
Semi_truck

I’ve always been a little jealous of ERP development teams. They operate on the premise that you have to standardize business processes across the enterprise. Every process feeds another process until the work is done. There are no custom processes: if you suddenly modify a business process there are upstream and downstream dependencies. Things could break.

We don’t have that luxury when we build MDM solutions for our clients. This was on my mind this past week when I was teaching my “Change Management for MDM” class in Las Vegas. The fact is that business people constantly add and modify their data. What’s important is that a consistent method exists for capturing and remediating these changes. The whole premise of MDM is that reference data changes all the time. Values are added, changed, and removed.

Let’s take the poster-child-du-jour, Toyota. Toyota has already announced that it will stop manufacturing its FJ Cruiser model in a few years. In the interest of its dealers, repair facilities, and after-market parts retailers, Toyota will need to get out in front of this change. There are catalogs to be modified, inventories to sell off…

More Read

data governance in ai

Data Governance is Vital to the Future of a World Ruled by Artificial Intelligence

Master Data Becomes Incredible Differentiator For Countless Businesses
5 Challenges Your Company Has to Overcome to Succeed in Data Mining
How MDM Solutions Are Taking Enterprise by Storm
Interview: The Need for Big Data Governance
Semi_truck

I’ve always been a little jealous of ERP development teams. They operate on the premise that you have to standardize business processes across the enterprise. Every process feeds another process until the work is done. There are no custom processes: if you suddenly modify a business process there are upstream and downstream dependencies. Things could break.

We don’t have that luxury when we build MDM solutions for our clients. This was on my mind this past week when I was teaching my “Change Management for MDM” class in Las Vegas. The fact is that business people constantly add and modify their data. What’s important is that a consistent method exists for capturing and remediating these changes. The whole premise of MDM is that reference data changes all the time. Values are added, changed, and removed.

Let’s take the poster-child-du-jour, Toyota. Toyota has already announced that it will stop manufacturing its FJ Cruiser model in a few years. In the interest of its dealers, repair facilities, and after-market parts retailers, Toyota will need to get out in front of this change. There are catalogs to be modified, inventories to sell off, and cars to move. Likewise MDM environments can deal with data changes in advance. The hub needs to be prepared to respond to and support data changes at the right time.

We work a retailer that is constantly changing its merchandise with fluctuating purchase patterns and seasons. Adding spring merchandise to the inventory means new SKUs, new prices, and changes in product availability. Not every staff member in every store can anticipate all these new changes. Neither can the developers of the myriad operational systems. But with MDM they don’t have to keep up with all the new merchandise. The half-dozen applications that deal with inventory details can leverage the MDM hub as a clearing house of detailed changes, allowing them to be deployed in a scheduled manner according to the business calendar.

No more developers having to understand the details of hundreds of product categories and subcategories. No more one-off discussions between stores and suppliers. No more intensive manual work to change suppliers or substitute merchandise. No more updating POS systems with custom code. With MDM it’s all transparent to the applications—and to the people who use them.

Our most successful MDM engagements have confirmed what many of our clients already suspected but could never prove: that there are far more consumers of data than they knew. MDM formalizes the processes to ensure that data changes can scale to escalating volumes. It automates the communication of changes to the business areas and individuals who need to know about those changes, without needing to know each individual change.

With spring, shoppers may be thinking about new Easter outfits, gourmet items, or children’s clothes. But suppliers think about trucking capacity. Store managers can anticipate shelf and floor space requirements. Finance staff can prepare for potential product returns. Distribution center staff can allocate warehouse space. You can’t know everyone who needs the information. But the supply chain can become incredibly flexible and streamlined as a result of MDM.

And—okay, this makes me feel much better—it doesn’t even matter whether you have ERP or not!

Note: Evan will be presenting The Five Levels of MDM (and Data Governance!) Maturity next week at TDWI’s Master Data Quality and Governance Solutions Summit in Savannah, Georgia. The event is sold-out, so if you were lucky enough to get in, please stop by and say hello!

Photo by Rennett Stowe via Flickr (via Creative Commons License)

Link to original post

TAGGED: change management, data governance, mdm
EvanLevy March 2, 2010
Share This Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ai low code frameworks
AI Can Help Accelerate Development with Low-Code Frameworks
Artificial Intelligence
data Analytics instagram stories
Data Analytics Helps Marketers Make the Most of Instagram Stories
Analytics
data breaches
How Hospital Security Breaches Devastate Local Communities
Policy and Governance
analyst,women,looking,at,kpi,data,on,computer,screen
What to Know Before Recruiting an Analyst to Handle Company Data
Analytics

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

data governance in ai
Policy and Governance

Data Governance is Vital to the Future of a World Ruled by Artificial Intelligence

8 Min Read
master data management
Big DataBusiness IntelligenceExclusive

Master Data Becomes Incredible Differentiator For Countless Businesses

6 Min Read
Data Mining
Big DataData ManagementData Mining

5 Challenges Your Company Has to Overcome to Succeed in Data Mining

8 Min Read
Image
Mobility

How MDM Solutions Are Taking Enterprise by Storm

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?