Master Data Management Content

Ask the Expert: The Price Tag of Poor Master Data Management [Plus+]

Where is your supplier data hiding - ERP, SIM, CLM, SPM, GRC, SMWBE, HES? All of the above? Think of the many areas where you could be under-performing or even falling behind: Sourcing projects, client expectations, reduced agility, and even geographic expansion headaches. Are you losing to the Joneses – without knowing it?

Join Thomas Kase this Thursday from 10-10:30am Central for some clean-up and organization strategies to ditch the dirt in your data and make it start working for you. Plus and PRO members, click on through to register.

“The Tragedy of the [Un]Commons” with Procurement Master Data (Part 2) [Plus+]

In our last post in this series, we covered some harsh truths around the management (or lack thereof) around data. Today, we offer some advice on how to tackle the problem. Who pays for the clean air in the office? Whose P/L does that hit? Outside the scope of study was how to get an initiative around this under way. The main problem here is the lack of a clear owner, the lack of a designated P/L to charge, essentially the lack of someone responsible for this area. This has allowed the problems to fester and grow more complex. On an ongoing basis, surrounding solutions get rolled out to address specific point problems in organizations, but the root cause remains unaddressed.

“The Tragedy of the [Un]Commons” with Procurement Master Data (Part 1) [Plus+]

In case you slept through or missed Economics 101, an externality occurs when a common resource (e.g. air, water, parks) that is of use to many, but does not have a direct user feedback mechanism (e.g. user fee, penalty, even reward) when the resource gets abused, or improved. It can be a positive externality (vaccinations keep diseases for spreading in a society, keeping your house in good condition helps neighbors’ property values) or a negative externality such as pollution – perhaps the most common example. The shared resources that get used and abused are also called commons – an originally English concept referring to those parts of a lord’s property that tenants, aka ‘commoners’, had access to. In the corporate procurement world, supplier data (as well as product, customer and other broadly used data sources) is one of those common resources that can benefit all, but can easily be polluted or destroyed by a few individuals, typically without any consequences. Conversely, those working to keep their data clean often go unrewarded. In other words, it’s a tragedy of the commons – or a ‘negative externality’ in modern Econ-speak.

Supply Chain Data – How Many Puzzle Pieces Are You Missing? [PRO]

As an analyst I see good, better, and sometimes best practices. I actually don’t see the bad practices that often, but I still try to keep them in sight, figuratively. It’s really important to stay current with not just the cutting edge but also where most buyers actually are today. One of the more substantial elephants in the room is data quality around suppliers – providers keep dancing around this issue, with partial glimpses of the truth. We'll walk you through all the areas where data can hide, and give some solid advice around all the challenges associated with getting it squeaky clean.

The Importance of Master Data

In today’s business world, data is a valuable corporate asset which, when managed properly, can support a company’s ability to achieve strategic goals and financial […]

Conflict Minerals EDGE: Compliance Technology (Part 2)

This post is based on content delivered during Conflict Minerals EDGE. It leverages content contained in presentation delivered by Spend Matters Thomas Kase titled: Conflict […]