MDM and PIM: What is the definition

Many vendors in the product information space speak to Master Data Management and yet do not provide master data management as defined by Gartner and Tier One MDM providers. One definition is this:

Master Data Management (MDM) is a set of processes and tools that defines and manages the master data, non-transactional data of an organization, which may include reference data. MDM objective is to provide processes to collect, aggregate, match, consolidate, quality assure, persisting such data throughout an organization to ensure consistency and control in on-going maintenance and application use of this information.

And in a nutshell; MDM seeks to ensure an organization does not use multiple, inconsistent versions of the same data across different parts of the operation.

For more information Master Data Management(MDM) visit here.

Returning to the MDM vendor space, most provide one or two legs of the MDM table. Master Data Management for products is one. Supplier Management is inherent to product management. Enterprise visionaries see farther to management in a central location, of customers, assets, locations, employees and more. MDM is a process. First step may be MDM for products. What is next depends on selected vendor capabilities and enterprise strategy.

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One Response to MDM and PIM: What is the definition

  1. james cloud says:

    Master Data Management (MDM) includes a set of tools that defines and manages the master data of an organization. An MDM tool can be used to support Master Data Management by removing duplicates, integrate rules to eliminate incorrect data from unauthorized users. Master data are the products and accounts for which the business transactions are completed.

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