For asset-intensive organizations, the biggest challenge is maintaining the quality of material master data over time. Supply chain stakeholders lose control over the sanctity of data due to multiple systems and the lack of standardized taxonomy across ERP, EAM, and CMMS systems. The impact of mergers and acquisitions adds to the issue, as they create disparate systems within the organization that result in conflicting or incorrect material master data management.

A golden MRO database can help companies reduce procurement costs, optimize inventory levels, mitigate supply chain risks, ensure consistent master data management, and implement reliable maintenance programs. The result is accurate Spend analytics capabilities that drive greater profitability. 

Establishing a reliable and sustainable data governance model requires a multi-stage approach, and each stage is equally important. The journey to MRO Data Excellence includes:

  • Data Audit
  • Taxonomy Design
  • Data Cleansing and Enrichment
  • Crib Crawl
  • Data Governance

As we work with clients across the globe, our services extend to languages beyond English, such as French, German, Spanish, and several other languages.

Talk to a Data Audit specialist today!