Most companies and organizations today need to acquire their data from numerous sources then to structure and manage it to quality assure the information before they publish to multiple channels, in multiple languages. This often involves a vast amount of systems and people and is complex, risky, and time consuming - so it pays to manage the data centrally, in one place.
Master Data Management is about having a Single Source of Truth, ie master data exists and is managed in one place. It acts as a source for all other systems and outgoing channels.
Centralizing your data gives you control and creates a platform that you can organize, enrich and synchronize across the system landscape. In taking a strategic approach to MDM, you can increase data quality and remove inefficiency, caused by data silos. It's about connecting information, people and processes from a central source in a way that drives your business forward.
Master Data includes a whole range of information that can be critical to your organization, such as product information, customer information, personal data or supplier information
If you’d like to learn more about MDM, download some material from our partner Stibo Systems here:
We can also offer you an exclusive free download of the free eBook MDM for Dummies!
Larger multi-domain MDM systems, like Stibo Systems’ STEP, can handle all kinds of master data. They can work with relationship between products and articles, images and files, customers and suppliers, vendors and locations, digital and printed catalogs and classifications. MDM systems have a strong focus on data quality, version management, analysis and measurability, as well as focusing on efficient administration, workflow management and automation.
Read more about multi domain MDM and the platform Stibo STEP here:
The need for Product Master Data Management (PMDM / PIM) is directly related to the need for quality assured and available product data. Effective management and sharing of all information related to products can be crucial in achieving set business goals. Product data involves countless attributes, data relations and information that most often are found in a multitude of systems, applications and databases. The quality, security, quantity and availability of product data can be the key element to a company's success. The introduction of Product MDM / PIM is a based on a strategy for acquiring, managing and sharing product information across the entire value chain. Product MDM / PIM provides a centralized, definitive solution for organizing, categorizing, locating, synchronizing and enriching product data.
Product MDM / PIM with Stibo Systems STEP allows organizations to accelerate their business and increase revenue by enabling them to:
Last but not least, PMDM / PIM with Stibo Systems STEP is an opportunity to develop and make a more effective cooperation with suppliers, retailers and other partners. Updated, accessible, high quality information not only improves the relationship and simplifies collaboration with them, but also creates outstanding customer experience.
Product Data Syndication
We offer a cloud-based interface in the form of a Product Data Syndication platform, for importing and integrating suppliers' product data. With a PDS platform, all suppliers can map, transform and syndicate their product data to different reseller channels, mapped according to the data model used by the reseller. In this way, workflows between suppliers and resellers to review and provide feedback can be streamlined.
We at Sigma can help you launch an MVP of an MDM system or a "PIM for Retail" in just 10 weeks with our PIM Accelerator. The solution is based on Stibo Systems' world-leading PIM platform STEP, and it comes with preconfigured modules where functionality, workflows, user groups, integrations, data models, dashboards, and more, are based on industry best practice. We can kickstart your MDM journey!
Managing business critical data has always been a challenge. However, as data management channels have become more numerous, the need for controlled management has become greater. With the help of our MDM Maturity Assessment, you get a visual overview of your current strengths and weaknesses. You will be able to set a vision for what you want to achieve.
The implementation project has a much better chance of success, if you have the following strategies in place:
Sigma’s implementation methodologies are based on many years of experience of working with data management implementations in many different industries. To create the best possible solution for our customer, we first need to understand and together with the customer define the relevant business processes. This is done during the discovery phase, the THINK phase, before the actual implementation.
Whether you are curious about MDM, looking for a partner with data management expertise, to analyse or advise you on your digital journey, or consult you in a MDM project – working with us means expecting a better tomorrow.