SAP Insider webcast: Best Practices for Value Monetization of Master Data Management and Governance

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"What do I get?" is usually the second question after you answer, "How much does it cost?"

Join David Loshin - author of "The Practitioner's Guide to Data Quality Improvement" and industry expert in the Master Data Management and Information Value space - and William McKnight - widely acknowledged as a practical Strategist and Lead Enterprise Information Architect whose client projects have received multiple best practices awards, as they share their answers to the second most popular question facing practitioners and executives alike.

Real-world business cases from customers will be the focus of this informative, best-practices session. Issues to be addressed:
• Cost without Value = Zero Budget
• Clear Value without Clear Costs = Zero Budget
• Value Goals & Objectives = Measurement and Success
• Leveraging Partners for Value Definition - How Close is too Close?

Published in: Technology, Business
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  • Today’s Event will start with an overview of Value Monetization from a real-world perspective from each our panelists followed by an Open Discussion and Q&A Session based on Audience Questions.We will begin with William McKnight. William is the president of McKnight Consulting Group. He is well known as a “Practical Strategist” and his client engagements as Lead Enterprise Information Architect have garnered several Best Practices Awards.William will leverage his experience of “Practical” Strategist to share real-world best practices in Value Monetization for Master Data Management and Master Data Governance projects within the broader scope of Information Technology ROI approaches.
  • Thank you William! Before we move to David Loshin, a note to our audience to keep those questions coming!David Loshin is the author of the “Practicioner’s Guide to Data Quality Improvement” and is widely regarded as an expert in the area of Information Value. He is also the president of Knowledge Integrity Incorporated and we are glad that David can join us to share his real-life best practices in Value Monetization of MDM and MDG initiatives.
  • Arthur To Moderate – Discussion Starters and Seed Questions under separate cover.
  • SAP Insider webcast: Best Practices for Value Monetization of Master Data Management and Governance

    1. 1. Quality Master Data for Improved Business Performance “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 ?
    2. 2. 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
    3. 3. William McKnight Agenda David Loshin “What do I get?” The second Question After “How Much Does it Cost” William McKnight - President, McKnight Consulting Group Practical Strategist and Lead Enterprise Information Architect Best Practices Award for Multiple Clients David Loshin - President, Knowledge Integrity Incorporated Author of “the Practitioner's Guide to Data Quality Improvement” Information Value and Master Data Management Expert
    4. 4. 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
    5. 5. 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 © 2012 McKnight Consulting Group, LLC All Rights Reserved – Confidential and Proprietary
    6. 6. • 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 The 8 Steps to ROI Copyright © 2012 McKnight Consulting Group, LLC All Rights Reserved – Confidential and Proprietary
    7. 7. 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
    8. 8. MDM Organization Change Management (OCM) Focus Areas OCM focuses on mitigating “people” risks and enabling realization of MDM business benefits Engage & Communicate Stakeholder Management Address Organizational Implications Change Readiness Mobilize & Align Leaders Train the Workforce Copyright © 2012 McKnight Consulting Group, LLC All Rights Reserved – Confidential and Proprietary
    9. 9. William McKnight William McKnight - President, McKnight Consulting Group Practical Strategist and Lead Enterprise Information Architect Best Practices Award for Multiple Clients David Loshin - President, Knowledge Integrity Incorporated Author of “The Practitioner's Guide to Data Quality Improvement” Information Value and Master Data Management Expert Agenda David Loshin “What do I get?” The second Question After “How Much Does it Cost”
    10. 10. Business Value and Data Dependence © 2012 Knowledge Integrity, Inc. www.knowledge-integrity.com (301)754-6350 10 Expenses Risk Management Revenue Customer Experience Performance  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?  What is the relationship between corporate value drivers and information?
    11. 11. 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 © 2012 Knowledge Integrity, Inc. www.knowledge-integrity.com (301)754-6350 11
    12. 12. Quality Master Product Data for Revenue Generation • Types: – Sharp – Embroidery – Quilting – Darning – Bodkin – Tatting – … • Size: – Length – Thickness • Construction – Metal – Coating © 2011 Knowledge Integrity, Inc. www.knowledge-integrity.com (301)754- 6350 12  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
    13. 13. Product Master Data and Packaging • Items are packaged based on content, volume, weight, etc. • May have different packaging materials for different regions, locations, branding, for mulations, 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 © 2011 Knowledge Integrity, Inc. www.knowledge-integrity.com (301)754- 6350 13
    14. 14. Panel Discussion and Audience Q & A Panel Discussion Q & A
    15. 15. PRODUCT HARMONIZE PRODUCT INTEGRITY (PIM) Quality Master Data to Improve your Business Performance MATERIAL HARMONIZE MATERIAL INTEGRITY (MI) CUSTOMER HARMONIZE CUSTOMER INTEGRITY (CIM) SUPPLIER HARMONIZE SUPPLIER INTEGRITY (SIM) CLEAN IT WITH HARMONIZE KEEP IT CLEAN WITH INTEGRITY
    16. 16. Watch this entire webinar as hosted by SAP Insider. Click here Master Data Solutions www.verdantis.com info@Verdantis.com Toll Free +1 866 987 4463

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