Because it is used by multiple applications, an error in master data can cause errors in all the applications that used it. For examples, an incorrect address in customer master data might mean orders, bills and marketing literature are all sent to wrong address. Similarly, an incorrect account bank number in account vendor master data the money can sent to other vendor. a career-limiting move for the person who made the mistake.
Even in master data has no error, a challenge to reconcile master data is pretty much confusing, especially from legacy system which customer master, vendor master and material number are separate and manage by different department in one organizations. a few organizations and company have just one set of master data, Items material master can be even harder to reconcile if equivalents parts are purchased with different vendors with different vendors number.
Merging master list can be very difficult, the same spare parts may have different name in database
for example, Seal might appears as Mechanical Seal, Mech-Seal and Mech Seal. Normal database joins and searches will not be able to find these differences. A very sophisticated tool that understand nickname and errors spelling will be required.
And also we have big issue in material master, New parts can be harder
to identify for the specification and type if coming with a new equipment
that Maintenance cannot be see inside the equipment but They need a spare parts in
warehouse. Alternate way is based on brochure specification from the vendor that only mention the Parts number or Serial number.
For all these reasons, maintaining high-quality, consistent set of master data of your organizations a rapidly becoming a necessity. The systems and process required to maintain this data are known as Master Data Management.
