Master data management (MDM) has emerged as an important aspect of all ERPimplementation or consolidation exercises. With ever evolving and increasinginventory, supplier, product and customer databases, it has become essential tocleanse and maintain the quality of the master data.More and more global enterprises across various industries have undertaken orplan to commence an MDM initiative in tandem with their ERP projects. Thereare also select incidents where standalone MDM projects are taken up by somecompanies. But contrary to general belief, MDM is not a recent phenomenon.This has been a problem long in the making but its impact has been realized onlya few years back.
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