Master Data Quality (MDQ) is about ensuring that all critical data – such as spare parts, vendor master, material master, and service master – is accurate, consistent, and up to date across the entire organization.
High-quality data is essential for ERP systems, MRO supply chain, inventory management, and asset lifecycle management, as errors or duplicates can lead to costly mistakes and inefficiencies.
Master Data Quality builds on standards such as ISO 8000 (Data Quality Standard) and is often supported by classification frameworks like UNSPSC Codes and eClass Classification for structured categorization.
The benefits of strong master data quality include:
Poor master data quality, on the other hand, can result in duplicate material identification issues, unnecessary purchases, and incorrect inventory levels.
At Sharecat, we help organizations achieve high master data quality by:
The result is better insights, reduced costs, and more efficient operations.
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