Master Data Management Fundamentals (Internal Company Course)

Goal:
How to explain the concepts of Master Data and Master Data Management
Where and how Master Data Management is used in organizations
Get an overview of the strategic importance of Master Data Management
Be able to use key theories of Master Data Management on practical issues.
Be able to analyze the need for Master Data Management within the organization and know the technique behind them.

Target audience:

This course is aimed at you that is new in MDM and who is involved in influencing business results. Proper data quality in and handling of  master data such as customers, products, employees, organizational structures and other areas of information across business units and processes enables efficient processes and better achievement.

Description:

Most people in business are finding that poor data quality negatively affect their achievement of goals. Master Data Management (MDM) is about solving this challenge! Affecto has more than ten years of experience with Master Data Management and we have created a course that provides you with a better understanding of the different challenges you face with Master Data Management.

The top management requires correct master data to know

What choices should we take to reach the business vision and goals?
How to manage the business against targets set?
What are the requirements we set for our suppliers and business?

The business people requires proper master data to know

Which data domains are in which business processes?
How to manage  the information contained in multiple systems?
How to ensure that common information is used and is the same in all systems?

IT need proper master data to know

How to integrate systems easier and better support business demands?
How to provide business solutions that improve data quality?
How to hand over the responsibility for the management of master data to the business side?

Content:

What is Master Data and what is Master Data Management?
The importance of strategy and vision for the Master Data Management initiative
How to measure the business benefits of Master Data Management initiatives?
Organization and governance for success with Master Data Management
Master Data Management processes
Technology for effective Master Data Management