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MDM/DRM definitions and key features

 
Open questions, Examples & Comments
Master Data Master Data is information that is key for the operation of a business*
Master Data is basic key information, e.g. customers, products, chart of accounts, entities
Master Data is (mostly) non-transactional in nature* and supports transactional data
Master Data is a a single source basic business data used across multiple systems, applications and/or processes*
Enterprise Master Data is the single source of basic business data used across all systems, applications, and processes for an entire enterprise (all departments, divisions, companies, and countries).* Ask yourself if you company does this already. If you can answer with a yes, you don't need Oracle DRM or us any more 
Master Data is a hard to achieve necessity
Master Data has the tendency to change frequently
Master Data changes over time, due to costumer, product, organizational & regulatory changes
 

 

 

Open questions, Examples & Comments

Master Data

Master Data is information that is key for the operation of a business*

 

Master Data is basic key information, e.g. customers, products, chart of accounts, entities

 

Master Data is (mostly) non-transactional in nature* and supports transactional data

 

Master Data is a a single source basic business data used across multiple systems, applications and/or processes*

 

Enterprise Master Data is the single source of basic business data used across all systems, applications, and processes for an entire enterprise (all departments, divisions, companies, and countries).*

Ask yourself if you company does this already. If you can answer with a yes, you don't need Oracle DRM or us any more 

 

Master Data is a hard to achieve necessity 

 

 

Master Data has the tendency to change frequently

 

 

Master Data changes over time, due to costumer, product, organizational & regulatory changes 

 

 

 

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