As organizations look for ways to counter a volatile market and a world in flux, master data can prove to be a great help. Master data is the core reference data that describes the fundamental dimensions of business – products, materials, vendors, customers, chart of accounts, location etc. Master Data Management (MDM) is a comprehensive strategy to determine and build a single, accurate and authoritative source of truth for a company’s information assets and typically deliver this as a service on demand.
InVie, with its solutions based on Artificial Intelligence (AI) technology, domain expertise and timely delivery with high quality standards make it a leader in the field of material master data management. After cleansing your data through Data transformation Engine, InVie provides ongoing Data Governance and Stewardship through its Integrated Solution. The AI driven tools and domain specific knowledge base automatically classify, de-duplicate, enrich, and manage master data. InVie solution components are compatible with all leading ERP / MRP platforms adopted by Global 2000 organizations.
Material master data (often referred to simply as the “material master” or “item master”) contains descriptions of all materials that an enterprise procures, produces, and keeps in stock. It is the central repository of information on materials and contains descriptions of a variety of data elements including part number, description, technical specifications and stocking codes.
Material master is considered the core functionality for any ERP system used in distribution or manufacturing type functions. The integration of all material data in a single materials database eliminates the problem of data redundancy.
Clean & de-duplicate data
Increases productivity and optimizes costs
Automated Approach
Helps deliver a 10x increase in throughput
Quick time to value
Generate greater ROI through Data Quality initiatives
Robust Data Governance
Restricts corrupt data from entering
Fussy Logic Capabilities
Enable searching for the desired materials
Configurable Workflow
Keep material master clean and ensure complaince
Incomplete, inaccurate, unreliable, and duplicate item data locks up a lot of potential value, especially when the data exists in different ERP/EAM systems, across different geographies, and in multiple languages. Since 2004 , Global Fortune 2000 companies have trusted Verdantis to deliver item master data excellence to their business operations. Working with various industry leaders and system Integrators, we have developed and perfected our now-patented material data quality improvement processes. Verdantis Harmonize brings the power of Artificial Intelligence-based automated Master Data Quality improvement to asset intensive organizations. Harmonize encapsulates best practices learned over a decade across multiple industries and geographies and is offered in SaaS-based deployments. To deliver harmonized item master records, Harmonize takes item masters through the automated process of classification, data sheet definition, attribute extraction, attribute-UoM normalization, non-source enrichment and deduplication. As a SaaS-based product encapsulating domain-specific intelligence and templates, Harmonize has proven itself at several large enterprises. In addition to its self-service item data-quality tool use, many other customers who undertake material data quality initiatives choose our SLA-backed turn-key material cleansing services as well.
Several large enterprises work with us once in every 3-5 years to get their material data cleansed and to achieve an ROI boost from procurement cost savings and inventory optimization. However, more mature organizations realize that keeping material data clean after the initial cleansing effort is more effective over the medium term. For such mature organizations, Integrity acts as a Material Data Governance layer over their multiple ERP/MRP/ EAM systems. Built as a material master data governance specific tool, Integrity has best-in-class item search, dynamic workflows and built-in specification sheets to enable guided item creation requests and wizard assisted search. It prevents duplicate data by checking for duplicates at source of creation, and ensures that the material data retains its credibility for use . This is a master data governance application that integrates with leading ERP, MRP and EAM systems. It uses embedded AI technology on a real-time basis to prevent duplication at source, ensure permanent data integrity, and enhance search effectiveness. Plant-level users at thousands of plants look up or requisition parts seamlessly through SaaS-based Integrity.
Material master data (often referred to simply as the “material master” or “item master”) contains descriptions of all materials that an enterprise procures, produces, and keeps in stock. It is the central repository of information on materials and contains descriptions of a variety of data elements including part number, description, technical specifications and stocking codes.
Built on lean data management principles, RIMES Managed Data Services (MDS) provides clients a flexible approach to their business-asusual and change objectives. RIMES’ service model — underpinned by industry-leading data management processes, domain experts, and cutting-edge cloud technology — helps firms deliver measurable improvements in value and reduce waste across the entire data supply chain.
Deliver trusted, timely, accurate and complete data seamlessly across your enterprise. Free up capacity to generate data insights that drive growth and differentiation.
Embed a proven service model that solves the complex operational data management problem efficiently without the need for additional people or technology investment.
Future-proof your data management with a transparent, comprehensive service and expert advisory. Become highly responsive to business needs and evolve with the market.
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