Enterprise Data Management

The Facts: 

Companies today are suffering from operational inefficiencies, financial losses, delays in customer service, poor regulatory compliance, and ineffective analytics due to inaccurate and inconsistent data across increasingly complex enterprise application architecture.  Surveys of organizations around the
world show:

  • Only 7% of companies using SAP describe their data as tightly controlled and accurate (AMR Research)
  • 66% of surveyed companies have at least one critical business function managed on spreadsheets (Aberdeen Group)
  • 69% cite data errors caused by manual updating which can potentially affect purchase orders and inventory  (Aberdeen Group) 
  • 30%-50% of trouble tickets opened in SAP are traced back to a master data error and that number skyrockets to 80% for APO tickets (AMR Research)

The need for master data management is clear, but now what?  Should you just keep adding people to remediate the data? Should you get a new tool? Who is even responsible for, or owns corporate data?

Now What?

Here is how GROM can help:  GROM will work with you to architect a comprehensive Master Data Management program to further enable your business goals and objectives and develop a business case to show value and ROI from verified and correct data.

From Strategy:

The first steps in any MDM undertaking are extremely critical.  Without a good program strategy, roadmap, and success metrics in place, it is easy to go off track.  GROM can help you develop a custom MDM program aligned with your business strategy and performance indicators.  This program will define the processes, policies, governance, procedures, standards, metrics and tools needed to achieve your business objectives.  GROM will work with you to define the specifics of your implementation including: roadmap, project plan, resource requirements, architecture design, cost & benefit analysis, and metrics needed to achieve a successful implementation.

To Execution:

Most MDM solutions take a horizontal approach, implementing one piece of technology or  process, GROM, however, implements a holistic solution that employs the full suite of MDM solutions vertically through  the enterprise in a thin slice proof of concept (POC).  This POC can then be measured and evaluated and scaled to other business areas. Once the POC is in place, we can measure success based on the metrics we have jointly established and show a ROI for the entire program.  

To Operations:  

A MDM solution is not a one time fix, the highest quality data will degrade over time if processes and governance are not enforced.  GROM can perform the ongoing operational maintenance needed to ensure the highest quality master data is available to your users and maximize the ROI from your data analytics. 

Why GROM?

  • Experience in full life cycle MDM from strategy to operations.
  • Proven methodology for identifying and delivering and end to end MDM solution and a pilot rollout to show ROI
  • Vendor/Tool neutrality to provide a solution matching your needs
  • Experience in multiple systems scope (ERP, MES, LIMS, etc) and multiple tools and repositories (ERP, PLM, MDM)
  • Master data management has been an inherent part of the scope of every project we have implemented since 1982.

Learn More!