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“What do I get?” The second Question After “How Much Does it Cost” Master Data Management Value Monetization: Real-Life Best Practices

What do I get ?

Quality Master Data for Improved Business Performance


Master Data Performance Solutions

Verdantis, Inc. is the evolution of Zynapse – a division of Zycus, Inc. to its own company with its own corporate identity Verdantis comes from the Latin word for truth – veritas - and the word verdant – meaning abundant and sustainable


Agenda “What do I get?” The second Question After “How Much Does it Cost” William McKnight - President, McKnight Consulting Group William McKnight

Practical Strategist and Lead Enterprise Information Architect Best Practices Award for Multiple Clients

David Loshin - President, Knowledge Integrity Incorporated David Loshin

Author of “the Practitioner's Guide to Data Quality Improvement” Information Value and Master Data Management Expert


Investments In MDM • MDM Returns are in the improved efficacy of projects targeting business objectives • MDM should be an integral part of most projects

Copyright © 2012 McKnight Consulting Group, LLC All Rights Reserved – Confidential and Proprietary


Key Outcomes In MDM Successes Reduced IT TCO for data management due to fewer systems and less overall processing Streamline processes due to elimination of manual reconciliation Lessen organizational focus on the data warehouse Increase understanding of corporate data through homogenous data distribution Improve ability to deal with compliance and data lineage by simplifying data infrastructure Copyright Š 2012 McKnight Consulting Group, LLC All Rights Reserved – Confidential and Proprietary


The 8 Steps to ROI • Gather Data Requirements • Prioritize Data Requirements • Build an Iterative Deployment Map • Determine iteration tangible metric(s) • Define costs • Attain business quantification of returns • Present the possibilities across a probability distribution • Measure with Corporate Governance Copyright © 2012 McKnight Consulting Group, LLC All Rights Reserved – Confidential and Proprietary


MDM Program Justifications Operational System Impact – Reduced Expenses MDM methodology and competence – Reduced Expenses MDM tools competence – Reduced Expenses Enterprise Subject Areas – Increased Revenue and Reduced Expenses

Copyright © 2012 McKnight Consulting Group, LLC All Rights Reserved – Confidential and Proprietary


MDM Organization Change Management (OCM) Focus Areas Mobilize & Align Leaders Stakeholder Management

Train the Workforce

Address Organizational Implications

OCM focuses on mitigating “people” risks and enabling realization of MDM business benefits

Engage & Communicate

Copyright © 2012 McKnight Consulting Group, LLC All Rights Reserved – Confidential and Proprietary

Change Readiness


Agenda “What do I get?” The second Question After “How Much Does it Cost” William McKnight - President, McKnight Consulting Group William McKnight

Practical Strategist and Lead Enterprise Information Architect Best Practices Award for Multiple Clients

David Loshin - President, Knowledge Integrity Incorporated David Loshin

Author of “The Practitioner's Guide to Data Quality Improvement” Information Value and Master Data Management Expert


Business Value and Data Dependence ď °

ď °

ď °

How are business policies, corporate mission, and strategic performance objectives translated into dimensions of value? What criteria are used for prioritizing effort in relation to maximizing value?

Risk Management

Revenue

Customer Experience

What is the relationship between corporate value drivers and information? Expenses

Performance


Example: Productivity in the Supply Chain

• Opportunities to improve productivity within a specific end-to-end process helps identify bottlenecks as well as opportunities for optimization • The tasks associated with the supply chain can be monitored for efficiency

• These measures depend on accurate, accessible shared data


Quality Master Product Data for Revenue Generation 

Types: –

Sharp

Embroidery

Quilting

Darning

Bodkin

Tatting

Size: –

Length

Thickness

Construction –

Metal

Coating

Master product registries allow for searching and location of items based on values of identifying attributes Enable matching in face of multiple aliases:  Brand name  Product identifier  Qualified name  Engineering characteristics  Global standard ID


Product Master Data and Packaging • Items are packaged based on content, volume, weight, etc. • May have different packaging materials for different regions, locations, branding, formulations, languages, transport size, partner demands, contractual agreements • Hierarchy management provided by product MDM helps maintain consistency across packaging processes • Also guides optimal transport packaging to optimize for size, weight, shelf life


Panel Discussion and Audience Q & A

Panel Discussion Q&A


Quality Master Data to Improve your Business Performance CLEAN IT WITH HARMONIZE

MATERIAL HARMONIZE

SUPPLIER HARMONIZE

CUSTOMER HARMONIZE

PRODUCT HARMONIZE

MATERIAL INTEGRITY (MI)

SUPPLIER INTEGRITY (SIM)

CUSTOMER INTEGRITY (CIM)

PRODUCT INTEGRITY (PIM)

KEEP IT CLEAN WITH INTEGRITY


Master Data Solutions

Watch this entire webinar as hosted by SAP Insider. Click here www.verdantis.com info@Verdantis.com Toll Free +1 866 987 4463


Sapinsider verdantis best practices for value monetization of master data management and governance