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What is Master Data?
Master Data is the high-value, core information used to support critical business processes across the enterprise.
It is at the HEART of every business transaction, application, report and decision
Why is Master Data Management Important?
• Provides a single source of record
• Harmonize process flow of creating a production master data
• Better control and defined access on master data maintenance
• One process owner of Master Data
• Clear distinction of Master Data and Operational transactions
• Provides support to business processes
• Key team in providing data for ERP implementation