Material master cleansing process.
Material Master is the central source of truth for all material-related information across departments like Procurement, Inventory Management, and Finance. Poor material master data leads errors in Key functional areas such as Basic data, MRP, Sales & Purchasing, Quality management, Work scheduling, Forecasting, Warehouse management and accounting in ERP Systems such as SAP, ORACLE, MAXIMO, IFM, DYNAMICS etc. The Material Master serves as the backbone of Materials Management (MM), providing a centralized repository of all material-related data. This structured data supports various departments, ensuring that procurement, inventory management, and production processes run smoothly.
By implementing material master cleansing process, Organizations can achieve cost reductions, improved productivity, Enhanced decision making & reporting. Primezerve can help organizations to keep their material master clean, consistent and reliable over time.
A. What is Material master cleansing
Material data cleansing is the process of detecting and correcting corrupt, inaccurate, or incomplete records and eliminating the duplicates also enhances the data with additional information’s which results the consistent and meaningful material descriptions within and across the business units.
It ensures the materials are consistently classified, and described across all systems, minimizing errors in inventory management, procurement, and production processes.
B. Significance of material master cleansing across industry verticals
- • Oil & Gas: One of the most asset intensive industry vertical and its operations mainly depends Spare parts inventory on right time/right level in order to prevent unplanned events.
- • Mining & Metals: Lots of equipment requiring regular maintenance and replacement of parts to keep the operations running smoothly.
- • Chemicals & Petrochemicals: Chemicals & Petrochemicals plants are complex systems, equal to its maintenance, requiring a great planning and many other resources, such as operators, machines, tools, spare parts, etc.
- • Manufacturing: A well-managed supply chain helps reduce inventory holding costs, logistics costs, or other supply chain operations costs in a Manufacturing Industry. Similarly Plant maintenance best practices also increases the equipment up time in manufacturing facilities.
- • Pharmaceuticals: Reliable Pharmaceutical manufacturing begins with dedicated equipment, Its Bill of materials and their specifications.
C. Material master cleansing process
1. Data analysis
Extract the Material data from ERP Systems and perform an analysis to identify the existing data quality by considering following parameters.
- • Duplicate records using matching algorithms
- • Missing information's
- • Incomplete and inconsistent informations
2. Standard operating procedures
- • Guidelines and Naming conventions
- • Material master data taxonomy or dictionary
- • Global classification standards
- • Client ERP Business rules
3. Data cleansing, enrichment & De-duplication
- • Material classification
- • Taxonomy based cleansing
- • Web based enrichment
- • Retrieval of missing informations & Mandatory details through various source
- • Values and UOM Standardization
- • Consistency checks within and across business units
- • Elimination of Duplicate materials
- • Material description formation based on ERP Business rules
D. Benefits of Material data cleansing
- • Inventory reduction
- • Cost savings
- • Enhanced decision making
- • Enhanced reporting and analysis
- • Reduction in PR-PO TAT
- • Enables catalog based buying
- • Strengthen supplier and customer based buying
E. How PRIMEZERVE Can help
Primezerve, specializes in Master data cleansing & governance software solutions that enable organizations to build excellence in Procurement and supply chain controls, Plant maintenance efficiency. With powerful tools like PrimeMDG® to help organizations manage and cleanse their Material master data. These platform provide automated data harmonization, Data Cleansing & Enrichment, AI Powered data enhancement, Duplicate detection, Seamless integration with ERP/EAM Systems, Data security and periodical reporting.
PrimeMDG® Material master data governance solution acts as the Layer on top of your ERP/EAM system. It restricts corrupt data from entering and Handles the new data being created every day with efficient search. It avoids duplicates and ensures material master clean, ensure compliance & data security. It enables searching for the desired materials with configurable workflows & continuous monitoring.
