Tuesday, 24 February 2015

Product Information Management and MRO

Product Information Management

The benefits of data management are obvious, and every organization strives to have a linear and retrieval friendly data system. Ensuring data integrity goes a long way in improving efficiency and cutting clutter. The benefits of master data management are also equally obvious, with many companies choosing either some sort of a software package or a consultant to help with their data management needs. This is an encouraging trend. Data management can also reduce costs in purchases by keeping track of how much material is used, how much goes wasted, etc. This is where materials master data comes into the picture.

Materials master data is simply data that focuses on information about spare parts, raw materials and pretty much anything that comes under the ambit of Enterprise Resource Planning (ERP) software. This data is essential to organizations, and is usually centrally stored and used across the divisions.

This also helps with MRO (Maintenance Repair Operations) in industries. Repairs and maintenance takes a lot of money and time from any organization. Streamlining the data used for these processes will help reduce costs. Management of the MRO content reduces investment levels and improves part availability, which in turn reduces cost.

Originally Article posted on : Apsense.com


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