ECCMA Master Data Quality Analysis
Procurement Master Data
The ECCMA Procurement Master Data Quality Analysis assesses your organization’s data quality and portability for use within your procurement processes and throughout the supply chain. With quality data your business can exploit opportunities more rapidly and address challenges more dynamically to increase revenue and reduce risk
ISO 8000 quality master data is interoperable data that provides more accurate references and descriptions, and allows the identification of potential duplicate master data records that can significantly reduce the accuracy of analysis as well as operational efficiency.
The ECCMA Procurement Master Data Quality Analysis includes an in-depth analysis of supplier and item master data in terms of its accuracy and fitness-for-purpose. The project looks specifically at the quality of the existing master data as well as the related data governance policies and how they are used in supporting sourcing, supplier onboarding and supplier optimization as well as accurate and timely contracting, requisition, purchasing and delivery of materials or services. The resulting Deliverables include:
- An expert report of findings and recommendations on Master data cleansing and enhancement priorities
- Recommendations on enhancements to Requisition to Order Workflow
- Spreadsheets containing detailed analysis, formatted data and recommended data enhancement resources for implementation within your Supplier and Item Master Data.
Data quality is the basis for trust in data and business information. Trusted data enables faster, more efficient decision-making, with less time spent querying data and swifter action taken on key decisions. Through enhanced data quality in procurement and supply chain management, organizations could expect to reduce Inventory by 50%; reduce MRO costs by 15%; reduce Requisition error by 60%.
