Typically in a retail scenario Master data i.e. Product Names, Codes, Prices, Supplier are stored in multiple systems such as Point of Sale, ERP, Online Shopping and more. There is also a huge amount of Master Data information which remain scattered in files provided by suppliers, industrial institutions and data research companies. This obviously presents a big challenge to organization to collate this information and maintain the integrity of their master database.

Typical versus organized scenario

The coexistence of multiple Master Data in a typical scenario is replaced by an organized scenario.

Solution

• Creation of Global Master Data Repository
• Internal and External Data Synchronization
• Master Data Governance Procedures
• Reduction in Invoice Errors and payment delays

Advantages

• Optimizes Internal and External Data Synchronization
• Improved performance of RFID, POS, Business Intelligence Systems
• Reduction in Manual updating and matching of data
• Reduction in Invoice Errors and payment delays
• Accurate stock, order, sales, purchase reports