master data management

[Former Member]

hi,

why do we require masterdata management?why is it necessary to keep all data masterdata ?

[Former Member]

Hi Santhosh,

We require MDM and master data because-

Master Data

�� Is the key entity to defining core business entities such

as customer, employee, location, product etc.

�� Is static, non-transactional, constant

�� Interacts with and is referenced by transactional data

�� Is highly shared across several applications

�� Has a definition independent of other data

(ASUG Influence council)

Master Data Management

�� Is the practice of defining and maintaining consistent

definitions of master data, then sharing them via

integration techniques across multiple IT systems

within an enterprise.

Regards

Richa