Master data management
On a mission to improve data quality for a more efficient and safer supply chain
What is master data management?
Master data management is a set of processes that that defines and manages an organisation's data. The aim is to ensure that an organisation doesn't have multiple sources of potentially inaccurate data.
Why is master data management important?
An efficient supply chain relies on good quality data so having the tools to maintain high quality data is essential.
The GS1 UK Data Crunch report reveals that millions can be saved by addressing the issue of poor data quality. With master data management, the healthcare sector can make its processes more efficient and better protect patient safety.
How can master data management help me?
- Introduce new products to market faster
- Understand the customer better for sales purposes
- Have product origin and environmental data to hand
- Support sales with extensive nutritional and ingredient data
- Quickly reconcile invoices and payments
- Prevent returns and delays
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- Deliver a better service with enhanced product training and information
- More detailed product information essential for patient safety
- Reduce returns
- Prevent running out of stock of a product
- Produce accurate invoices
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What's GS1 UK doing to improve data quality?
Ideally, we think that supply chains should have one standard approach to sharing common product information through Global Data Synchronisation (GDS).
We operate the industry led Data Synchronisation Group that finds practical ways to improve data quality. The group's aim is to ensure everyone's data is of the right quality to be shared through GDS.
Contact us to:
- Find out more or for help with healthcare standards and solutions
T: 020 7092 3500
E: info@gs1uk.org
Useful documents & links