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Master Data Management |
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Typically in a retail scenario Master data i.e. Product Names,
Codes, Prices, Supplier are stored in multiple systems such as Point of Sale, ERP,
Online Shopping and more. There is also a huge amount of Master Data information
which remain scattered in files provided by suppliers, industrial institutions and
data research companies. This obviously presents a big challenge to organization
to collate this information and maintain the integrity of their master database.
A typical versus organized scenario
The coexistence of multiple Master Data in a typical
scenario is replaced by an organized scenario.
Solution
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Creation of Global Master Data Repository |
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Internal and External Data Synchronization
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Master Data Governance Procedures |
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Reduction in Invoice Errors and payment delays |
Advantages
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Optimizes Internal and External Data Synchronization
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Improved performance of RFID, POS, Business Intelligence Systems
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Reduction in Manual updating and matching of data |
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Reduction in Invoice Errors and payment delays |
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Accurate stock, order, sales, purchase reports |
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Other Solutions
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