With the increasing demands of customer-centric brand presence and digitally broadcasted product launches, enterprises today often face hurdles stemming from poor data handling. Many businesses today, especially global enterprises, have many separate applications and systems (i.e., ERP, CRM and SCM) where data can quickly get fragmented, duplicated and outdated. If not managed carefully, the fragmented data can lead to divisional misalignment and suboptimal decision-making. In such a scenario, enterprises find it increasingly difficult to provide accurate answers to most basic questions on performance metrics or KPIs. This causes significant roadblocks in the business growth path. Master data management (MDM) can help address this need through information consolidation and thereby providing a "single source of truth." How can MDM help? MDM supports a number of use cases for enterprises across products, customers, stores/locations, employees, suppliers, digital assets and m...
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