Master Data Management Value Spotter, Reveal the value hidden in your organization

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Information about Master Data Management Value Spotter, Reveal the value hidden in your...
Technology

Published on February 4, 2014

Author: IsmailVurel

Source: slideshare.net

Description

Master Data Management is the foundation of all your business processes, strategic business initiatives and corporate reporting.If properly established, Master Data Management will create great benefits for your company.

How to reveal your hidden potential Master Data Management Value Spotter Reveal the value hidden in your organization Contact Interested? Please contact one of our Master Data Management consultants: Geert Janssen m +31 (0)6 54 203 960 e gjjjanssen@deloitte.nl Auke Schotanus m +31 (0)6 20 789 700 e aschotanus@deloitte.nl Joris Schots m +31 (0)6 10 980 272 e jschots@deloitte.nl Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms. Deloitte’s professionals are unified by a collaborative culture that fosters integrity, outstanding value to markets and clients, commitment to each other, and strength from cultural diversity. They enjoy an environment of continuous learning, challenging experiences, and enriching career opportunities. Deloitte’s professionals are dedicated to strengthening corporate responsibility, building public trust, and making a positive impact in their communities. © 2010 Deloitte, Member of Deloitte Touche Tohmatsu 3.001.036 Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 140 countries, Deloitte brings world class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte’s more than 168,000 professionals are committed to becoming the standard of excellence.

Master Data Management Value Spotter Do you recognise these struggles and issues? - Throughout your IT landscape Master Data is inconsistent, often incomplete, and incorrect - Master Data’s current structure and set-up limits your implementation of important business initiatives such as Key Account Management and Strategic Sourcing MDM Value Spotter The MDM Value Spotter quickly and effectively reveals current pain points and hidden benefits and values of your organization. We take your company’s strategic directions and initiatives and identify and define their impact on Master Data for the six main components. Strategy - - Generating the required information on corporate level is difficult and time consuming because of Master Data’s current structure Roles and responsibilities regarding Master Data Management (MDM) are unclear and ambiguous and an effective MDM governance is lacking Standards Processes Organisation Governance Master Data Management Master Data Management is more than merely that: it forms the foundation of all your business processes, strategic business initiatives and corporate reporting. If properly established, Master Data Management will create great benefits for your company. The quality of Master Data significantly impacts both your organisation’s internal and external end-to-end business processes. It likewise influences the success of strategic business initiatives such as Key Account Management or Strategic Sourcing. This makes setting up an adequate MDM solution vital to ensuring that maintenance and availability of high quality Master Data is sustained continuously. At Deloitte we approach MDM as a completely integrated framework consisting of a well defined MDM strategy, clear Master Data standards and definitions, streamlined Master Data processes, organisational structures, policies, procedures and supporting technical tools. The first step in building an adequate MDM solution is performing an MDM assessment: the MDM Value Spotter. Technology Six components of Master Data Management Our identification of areas for business and value improvement is based on a five-step, structured process: 1. Identify strategic drivers Identify core strategic directions and important business initiatives your company focuses on and define how these initiatives impact Master Data. 2. Data Quality assessment Conduct a Master Data quality assessment for selected master data objects and selected business rules you have established for Master Data. 3. MDM framework assessment Conduct (online) interviews to assess your company’s position in respect of the six components of our MDM framework. 4. MDM Maturity Model Positioning your company’s MDM activities on Deloitte’s MDM Maturity Model, based on the outcome of the Master Data quality assessment and the MDM framework assessment. 5. Recommendations and Roadmap Presentation of results and recommendations, including business cases. What do you get? The MDM Value Spotter provides you with a clear window on the current status of your organization in respect of the 6 MDM framework components. Our knowledge and experience can help you identify your MDM benefits and Value Spots, which will be specified in the recommendations and roadmap. You will receive reports concerning your Master Data within a matter of weeks: - Results of the Qualitative Data Assessment The quality of the data is checked against generic and company specific business rules such as obsolescence, potential duplicates and correct use of hierarchies or classification. Results are presented in clear statements. Based on the outcome of the MDM Value Spotter you will be able to set up a clear project plan to build your MDM solution for the future, focussing on those areas that are most beneficial and valuable to your organisation. Implementation Obviously, our very experienced MDM team can help you implement the recommendations. You will immediately profit from the value hidden in your organisation. - Results of the MDM Framework Assessment During the interviews we will ask you to provide an analysis of your company’s position in relation to MDM and the related ambitions. Your answers will produce an initial score for all the MDM framework elements. - Positioning in the MDM Maturity model Both the results of the qualitative data assessment and the MDM framework assessment determine the final score of your current MDM activities in the MDM maturity model. Results will be presented per component, on a 5 point scale. - Recommendations and roadmap We will define recommendations for building the MDM solution and prioritize and estimate the time and effort needed to build and implement them. Finally, a roadmap is drawn that shows the related activities and their interrelationships. The roadmap and recommendations will list: • your company’s strategic direction and identified strategic business initiatives • identified areas of improvement • your ambitions as regards the future state of your company’s MDM framework • quick wins identified • integration links to other identified initiatives and projects Benefits • Insight into your current MDM set-up • Your hidden potential revealed • Recommendations based upon your current set-up and your needs • Roadmap to attaining your envisaged MDM set-up • The first step towards a better foundation of your business Master Data Management Value Spotter

Master Data Management Value Spotter Do you recognise these struggles and issues? - Throughout your IT landscape Master Data is inconsistent, often incomplete, and incorrect - Master Data’s current structure and set-up limits your implementation of important business initiatives such as Key Account Management and Strategic Sourcing MDM Value Spotter The MDM Value Spotter quickly and effectively reveals current pain points and hidden benefits and values of your organization. We take your company’s strategic directions and initiatives and identify and define their impact on Master Data for the six main components. Strategy - - Generating the required information on corporate level is difficult and time consuming because of Master Data’s current structure Roles and responsibilities regarding Master Data Management (MDM) are unclear and ambiguous and an effective MDM governance is lacking Standards Processes Organisation Governance Master Data Management Master Data Management is more than merely that: it forms the foundation of all your business processes, strategic business initiatives and corporate reporting. If properly established, Master Data Management will create great benefits for your company. The quality of Master Data significantly impacts both your organisation’s internal and external end-to-end business processes. It likewise influences the success of strategic business initiatives such as Key Account Management or Strategic Sourcing. This makes setting up an adequate MDM solution vital to ensuring that maintenance and availability of high quality Master Data is sustained continuously. At Deloitte we approach MDM as a completely integrated framework consisting of a well defined MDM strategy, clear Master Data standards and definitions, streamlined Master Data processes, organisational structures, policies, procedures and supporting technical tools. The first step in building an adequate MDM solution is performing an MDM assessment: the MDM Value Spotter. Technology Six components of Master Data Management Our identification of areas for business and value improvement is based on a five-step, structured process: 1. Identify strategic drivers Identify core strategic directions and important business initiatives your company focuses on and define how these initiatives impact Master Data. 2. Data Quality assessment Conduct a Master Data quality assessment for selected master data objects and selected business rules you have established for Master Data. 3. MDM framework assessment Conduct (online) interviews to assess your company’s position in respect of the six components of our MDM framework. 4. MDM Maturity Model Positioning your company’s MDM activities on Deloitte’s MDM Maturity Model, based on the outcome of the Master Data quality assessment and the MDM framework assessment. 5. Recommendations and Roadmap Presentation of results and recommendations, including business cases. What do you get? The MDM Value Spotter provides you with a clear window on the current status of your organization in respect of the 6 MDM framework components. Our knowledge and experience can help you identify your MDM benefits and Value Spots, which will be specified in the recommendations and roadmap. You will receive reports concerning your Master Data within a matter of weeks: - Results of the Qualitative Data Assessment The quality of the data is checked against generic and company specific business rules such as obsolescence, potential duplicates and correct use of hierarchies or classification. Results are presented in clear statements. Based on the outcome of the MDM Value Spotter you will be able to set up a clear project plan to build your MDM solution for the future, focussing on those areas that are most beneficial and valuable to your organisation. Implementation Obviously, our very experienced MDM team can help you implement the recommendations. You will immediately profit from the value hidden in your organisation. - Results of the MDM Framework Assessment During the interviews we will ask you to provide an analysis of your company’s position in relation to MDM and the related ambitions. Your answers will produce an initial score for all the MDM framework elements. - Positioning in the MDM Maturity model Both the results of the qualitative data assessment and the MDM framework assessment determine the final score of your current MDM activities in the MDM maturity model. Results will be presented per component, on a 5 point scale. - Recommendations and roadmap We will define recommendations for building the MDM solution and prioritize and estimate the time and effort needed to build and implement them. Finally, a roadmap is drawn that shows the related activities and their interrelationships. The roadmap and recommendations will list: • your company’s strategic direction and identified strategic business initiatives • identified areas of improvement • your ambitions as regards the future state of your company’s MDM framework • quick wins identified • integration links to other identified initiatives and projects Benefits • Insight into your current MDM set-up • Your hidden potential revealed • Recommendations based upon your current set-up and your needs • Roadmap to attaining your envisaged MDM set-up • The first step towards a better foundation of your business Master Data Management Value Spotter

How to reveal your hidden potential Contact Interested? Please contact one of our Master Data Management consultants: Geert Janssen m +31 (0)6 54 203 960 e gjjjanssen@deloitte.nl Auke Schotanus m +31 (0)6 20 789 700 e aschotanus@deloitte.nl Joris Schots m +31 (0)6 10 980 272 e jschots@deloitte.nl Deloitte’s professionals are unified by a collaborative culture of Deloitte Touche Tohmatsu Limited, its markets and clients, commitment This publication contains general information only, and nonethat fosters integrity, outstanding value tomember firms, or their related to each other, and strength from Network”) is, by means of this environment of continuous learning, challenging experiences, and entities (collectively, the “Deloittecultural diversity. They enjoy an publication, rendering professional advice or services. Before making any enriching career opportunities. Deloitte’s professionals are or your business, you should consult a qualified professional public No entity decision or taking any action that may affect your finances dedicated to strengthening corporate responsibility, building adviser.trust, and making a positive impact in their communities. in the Deloitte Network shall be responsible for any loss whatsoever sustained by any person who relies on this publication. 2010 Deloitte, Member of Deloitte Touche Tohmatsu © 2011 Deloitte The Netherlands 3.001.036 Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of Deloitte firms, each of which of legally separate and independent Verein, and see www.deloitte.com/about for detailed description member refers to one or moreis a Deloitte Touche Tohmatsu, a Swissentity. Pleaseits network of member firms, eachaof which is a legally of separate structure of Deloitte Touche Tohmatsu Limited and its member firms. the legal and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu and its member firms. Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. Deloitte provides audit, tax, consulting, member firms in more than to public and private clients spanning multiple industries. With a globally With a globally connected network of and financial advisory services150 countries, Deloitte brings world-class capabilities and high-quality connected network of member insights they than to address their most complex business challenges. Deloitte's approximately 182,000 service to clients, delivering the firms in more need 140 countries, Deloitte brings world class capabilities and deep local expertise to help clients succeed wherever they becoming the standard of excellence. professionals are committed tooperate. Deloitte’s more than 168,000 professionals are committed to becoming the standard of excellence.

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