Companies of all sizes perform global operations across different geographies and continents. Due to changing business needs, there is a constant demand for flexibility in supply chain operations in order to deploy a quick global go-to-market strategy. In today’s complex Supply Chain environment, enterprises have product data – and other data – spread across multiple enterprises. The result of this dissemination of data is that one of the largest challenges organizations face is data management and it’s ‘fit for purpose’ – having the right data for the right purpose at the right time.
Product data fragmentation and governance issues can crop up in any organization, especially as a business expands. Procurement, Planning, Manufacturing, Inventory Management, Warehousing, Order Management and many other processes can be affected when departments lack a central data repository that can be leveraged by everyone for day-to-day work.
Here are some facts surrounding the challenges that organizations face when dealing with data:
- Avg. company has 2+ PDM/PLM/CAD applications
- Avg. company has 3+ ERP Instances
- Avg. company has 2+ Sales Catalogs
- Avg. company has 6+ Order Capture/Fulfillment systems