The Challenge

In today’s complex business environment, master data is typically scattered across multiple applications without keeping data clean, consistent, and reliable.  This has a significant impact on an organization’s operational and analytical efficiency as core data about products, customers, suppliers, locations and employees is affected. Both the largest and smallest companies have master data that is fragmented, inaccurate and out of sync.  What should be your greatest asset has become one of your biggest operational problems.  The challenges include:

• Master data resides in multiple disconnected silos
• Inaccurate, incomplete and inconsistent data
• Lack of flexibility to support new business requirements
• Unreliable data for business decisions
• Manual and error-prone processes
• Costly point-to-point integration and administrative costs

The Solution

Innovit’s Multi-Domain Master Data Management solution helps you manage multiple domains of master data, including product, customer, supplier, asset, location and pricing in a single application.  This approach addresses these challenges at their core by enabling organizations to aggregate, manage and validate all types of master data in a single application, synchronize it with all their critical business processes, and synchronize it with all trading partners, regulators and other key stakeholders.

Innovit’s solution centralizes and improves the management and maintenance of many types of master data, including product, supplier, customer, asset and site data, digital assets, recipes, BOM, kits and prices.

Applying MDM best practices and disciplined data governance delivers reliable master data that enables critical supply chain analytics and optimizes clinical performance.  The result is improved master data quality, reduced total supply chain costs, confidence in sourcing critical materials, closer collaboration with trading partners, more effective product marketing, better inventory control, and significantly improved business analytics.