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Open questions, Examples & Comments |
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Master Data |
Master Data is information that is key for the operation of a business* |
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Master Data is basic key information, e.g. customers, products, chart of accounts, entities |
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Master Data is (mostly) non-transactional in nature* and supports transactional data |
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Master Data is a a single source basic business data used across multiple systems, applications and/or processes* |
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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 |
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Master Data is a hard to achieve necessity |
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Master Data has the tendency to change frequently |
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Master Data changes over time, due to costumer, product, organizational & regulatory changes |
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