Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Master Data Management

No description
by

colette borain

on 4 November 2013

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Master Data Management

Master Data Management
Basic Principles
Vendors / Suppliers
Customers
What is Master Data?
Master Data is
Any data essential for carrying out a business process
Data vs Information
Data = raw facts

Information = data that has been organised, processed or structured and has a meaning
Master Data exists in many process areas in an organisation

These are known as
domains
Examples of domains in Mediclinic...
Items / Products procured
Other capital items
Pharmaceutical ethical items
Office furniture and equipment
Pharmaceutical
surgical items
Catering items
Medical Capital items
Patients
Doctors
Front shop customers
HR / Employees
Office workers
Nursing staff
Support workers
Catering Staff
Admin workers
Reference Data
Any data that
supports
describes
classifies or
categorises
Master Data
Examples of Reference Data
What is Master Data Management?
MDM in NOT a technology

MDM is a
discipline that
identifies and manages business critical data elements,
ultimately enabling sound business decisions
An MDM solution assures the delivery of data that is
consistent
comparable
accurate
across the organisation and its distributed environments
MDM is a pre-requisite for effective Information Management
What causes MDM issues to arise?
Common problems with Master Data
The 3 Pillars underlying MDM
Assigning rules and accountability to all activities
Create rules and standards to manage and govern data
Ensure you no longer fix errors but rather prevent errors occurring in the first place
Formation of a Data Governance group with specific roles - Mediclinic IMC

Master data that is
consistent
complete
accurate
correctly classified
Security and access to data
Integration
Data Migration
Growth of an
organisation
New systems
and processes
Divergence of
systems and
processes
Inadequate integration
between
systems and processes
Data becomes
inconsistent
over time
Data becomes outdated as changes are not incorporated timeously
Conflicting
data arises
Streamlined approach
to
managing information
Conflicting business rules,
E.g.: GP% calculated using Gross Sales in one place and net sales in another
Benefits of implementing MDM for item and vendor domains
Reduced group procurement costs
Global visibility
Efficient and effective
supplier management
Complete and
accurate data
Business facing
approach to MDM
Consumables
Duplicates
The same patient recorded more than once - either in different systems or in different regions
Duplicates of the same product or item
procured in the group
Conflicting
Data
Same patient is recorded twice
e.g.: with different postal addresses
Invalid Data
Postal code captured incorrectly
e.g.: 5 digits instead of 4 digits
Inaccurate Data
Many Versions
Same item is captured many times - each time in a different language
Item captured by its brand name
instead of its product name
Item = Band Aid and not
Item = Plaster
Chart of Accounts
Full transcript