Manufacturing
Manufacturing
Amid labour shortage and supply chain challenges, the manufacturing industry is bouncing back by leveraging advanced technologies introduced via Industry 4.0 while incorporating sustainability initiatives. With a renewed focus to transform and digitalise supply chain management, enforcing data governance and quality becomes high on their agenda.
Challenges
- Ensuring high-quality master data for inbound and outbound supply chain
- Supplier management and governance as part of compliance requirements
- Handling finished goods and related master data including pricing information
- Spare Parts Data Management for OEM parts’ identification and inventory costs’ reduction
- Obtaining a single, integrated view of product data
- Inaccurate demand and forecast planning
- Outdated or incorrect characteristics, hence the need to incorporate industry standards
- Data integrity issues—no validation mechanism across different datasets
- No governance around supplier integrity and procurement, hence increasing risk, compliance, and sustainability issues
Master Data Domains
Primary
- Materials (Inbound and Outbound Supply Chain)
- Product Information Management
- Suppliers
- Customers
Non-primary
- Assets and Finance Data
How can MDO help
- Streamline master data request processes incorporating rules and SLAs, making use of online, mobile, and mass templates
- Integrated Master Data process across supply chain
- Audit trails and logs for all requests and changes
- Integrated view of Product and Customer data through Product & Customer ONE
- Enhance supplier collaboration on critical data elements e.g., Raw Materials
- Spare Parts Standards following our pre-defined taxonomy
- One-stop platform for Master Data Management to achieve an integrated view of data
Benefits and business case
- Data quality and governance become part of a larger transformation project, e.g., Migration, PLM or demand planning initiatives
- Master Data Management initiative to automate manual/semi-manual process and reduce headcount cost
- Industry compliance and standards for better collaboration
- Enhanced supplier collaboration
- Improvements in planning, forecasting, and demand management
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