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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 ?
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
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
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
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
• 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
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
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
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”
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?
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
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
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
Panel Discussion and Audience Q & A
Panel
Discussion
Q & A
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
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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SAP Insider webcast: Best Practices for Value Monetization of Master Data Management and Governance

  • 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. 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. 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. 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. 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. • 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. 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. 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. 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. 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. 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. 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. 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. Panel Discussion and Audience Q & A Panel Discussion Q & A
  • 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. 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

Editor's Notes

  1. 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.
  2. 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.
  3. Arthur To Moderate – Discussion Starters and Seed Questions under separate cover.