7 Key Capabilities of Verdantis’ Next-Gen Material Master Data Management

Gone are the days when MRO always took the back seat and materials master was handled manually! The growing importance of MRO data cleansing and the value associated with it has finally turned heads towards advanced Master Data Management solutions, especially in the realm of MRO in Manufacturing. The transformational wave of 4th Industrial Revolution has hit MMDM and re-imagined it for the next generation.

With this next-gen master data management, powered by digitization and AI, companies can best utilize their data and get maximum value from it, including MRO Data Analytics and MRO Data Cleansing. Companies can maintain strong data governance, eliminate duplicate records, improve their processes, and stay immune to any bad data. By implementing advanced material master data management, companies can also ensure reduced wastage of resources, inventory and increase in savings and profits.

The next-gen MMDM solution transforms data management through real-time, collaborative, and streamlined data solution. Let us deep dive into the top 7 capabilities to look for in these advanced MMDM solutions:

1. Cloud based scalable and flexible infrastructure

A cloud-based SaaS Master Data solution ensures organizations are not limited by the physical limitations of a hardware solution. It has unlimited scalability and requires no hardware installation making it an effective and cost saving solution. It also enables people across locations to access the database with no operational hassles and is an ideal solution for a growing, multi-location organization.

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1. Powered by applied Artificial Intelligence

AI technology provides a closed loop learning mechanism, which improves the tool's performance over a period in the form of increased classification accuracy. It enables greater accuracy in classifying short and poor descriptions, supplier name abbreviations, and wrongly spelt/misspelt words. MRO Services for Manufacturing powered by machine learning can create automated valid rules for attribution process. With the ability to learn from inputs fed by us, an AI powered solution is constantly learning, improving, and getting smarter.

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1. Automated workflows

Automated approach gives consistency in classification, higher throughput and greater accuracy. Process streamlining optimizes time and reduces confusion. Pre-configured workflows across MMDM lifecycle ensure auto-routing to the right data owner/super user and increased accountability. It leads to improved insights across plants and better inventory management. Automated report generation gives access to comprehensive reports at your fingertips.

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1. Real-time accessibility across platforms

A cloud-based system enables organizations to have real time access across plants and platforms. This makes cross -plant collaboration easy and hassle-free. A centralized system with an integrated view makes data accessible from across devices, anytime, anywhere. Any updates are reflected across platforms in real-time, making latest information accessible for informed decision making. Configurable dashboards ensure all key information is at hand as required.

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1. Auto crawl - web spider

This next-gen technology is proprietary to Verdantis and helps us enrich data better as per our customers’ requirements. It enables Intelligent and automated extraction of technical specifications, automated structuring of unstructured data, and makes customized data aggregation easy, fast and largely automated.

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1. Robust data security

Master Data Management solution helps maintain robust data security through:

• User authentication, ensuring information is only accessed by correct (and approved) individuals
• User authorization, enabling you to implement organization-wide role-based access
• Access logs, providing an audit trail and time stamps for complete visibility and transparency
• Alerts with rule-based processes and workflows to flag insecure, unauthorized actions

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1. Advanced search capabilities

Verdantis’ next-gen MMDM solution offers a variety of search options to its customers to enable quick, easy and accurate search results:

• Search by manufacturer enables business units/plant locations/ERP instances to unify existing data silos and search by manufacturer name
• Free text-based search enables search across multiple parameters using attributes like manufacturer name, part number, category individually or in combination. It allows further filtration of information by plant location or category and automatically provides right results despite spelling errors or typos.
• In Search by category feature, Integrity leverages Verdantis’ domain expertise to populate filters with critical attributes for the searched category, allowing users to drill down to attribute level detail.

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Powerful, digitized, and integrated material master can transform an asset intensive business, reduce costs, improve operations, and enable informed decision making, including enhanced MRO Services for Manufacturing. Hop on the next-gen MMDM bandwagon and get ready for the future, today!

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