Design Your Master Data Governance Program to Best Serve Your Organization
How is the master data of your organization
managed, protected, and validated
for accuracy and completeness?
Many organizations have been asked
this very question. Their response is
often in the form of another question
to their IT departments: “What ARE we
doing about our master data?”
Whether it is information about customers,
products, parts, suppliers,
business units, chemicals, material,
equipment, or other factors, master
data is the lifeblood of an organization.
Highly visible in its fi nal form, this data
is used throughout an organization by
way of invoices, statements, packing
slips, warehouse inventory lists, marketing
catalogs, supplier listings, and
customer information. The challenge
many organizations have is that their
staffs may not recognize this type of
information as master data.
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