ITEM MASTER - EFFICIENT MANAGEMENT THROUGH MDM AND DATA QUALITY TOOLS

Data Management is a top priority in various large business organizations. It is necessary to keep a clean record of all the data for analysis and implementation in the business strategy. To accomplish this goal, it is absolutely important to ensure the quality of the entered data. For this, various tools need to be used in order to eradicate errors in the user provided entries. To keep track of all different kinds of data, the usage of Item Master is recommended.

An Item master is tool used for collection of all the reference and analysis records for a particular item or all items together. Various details regarding numerous items like the specifications, the description, the location, the expiry etc. are provided using an its. The presence of inaccurate and incorrect data in the program itself hinders the progress of an organization.

The duplicity or expiry of data in an item master has to be corrected and the data needs to be modified and replaced. This is achieved by making use of Master Data Management tools and Data quality tools. MDM is applied in an item master. That is, the item master is used to achieve the principle of MDM; which is making a master data record by collecting all the available data.

Master Data Management tools like file systems, analysis and virtualization can be utilized to bring in all the data for entry in the item master. But, since all these values are mostly manually entered, there is high chance of lack of consistency and the presence of errors of different types. Data Quality tools are used to rectify these errors.

Processes or techniques like standardization, profiling, linking and monitoring are used to rectify these errors. Furthermore, Data Governance and also cleansing is used to fix issues regarding incorrect or out dated entries to increase the efficiency of the decision making and other processes of the organization.

People who indulge in managing elements of data to ensure high quality are known as Data Stewards. They perform this task by identifying the issue and rectifying it to provide processed data that is rid of errors and is also highly standardized. An authorize data steward guarantees the consistency of data in an item master without any duplicity. It is their duty to have documents regarding the identification of these errors and also the solutions and the tools used for providing these solutions.

The author Jessica Banks is a highly qualified individual specializing in Item master the field of business management along with good amount of experience.