A new study on Turning Pain into Productivity with Master Data Management published by Aberdeen Group, a Harte-Hanks Company (NYSE:HHS), shows that top performers in keeping their master data clean, accurate, and available were able to manage
- 5% increase in new products that met their time, volume and quality targets
- 18% reduction in raw material inventory levels
- 7% improvement in inventory turns achieved from ERP implementation
- 12% growth in profitability (operating margins) in the past 2 fiscal years
- 9% growth in product sales in the past 12 months
Join Nathaniel Rowe from Aberdeen and William McKnight from McKnight Consulting for a virtual fire-side chat as they discuss the current MDM market, the strategies for best-in-class organization and solutions to overcome contemporary challenges for enterprise excellence.
Nathaniel will present the findings from the above benchmark study and highlight why when master data is incorrect or incomplete, it negatively impacts business decisions and day-to-day operations. Even worse, by the time such errors are discovered, the damage is usually already done
Starting with tips on the business justification process and moving into the project challenges of methodology, governance, organizational change management and data quality, William will cover the major master data management challenges and provide action items to be done for immediate business functions, as well as for planning the future phases of your master data management journey. |
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