Factors for improved master data management

With the order-to-cash process spanning multiple functions within an organization, it can be a challenge for businesses to ensure its efficiency and effectiveness. Many companies are looking to master data management as a means of streamlining their order-to-cash process. To successfully manage master data, and then improve the order-to-cash process, organizations should look at three factors.

The supply chain function is an important component in an organization’s order-to-cash process. With the process spanning so many functions across the enterprise, master data management can be key to improving the overall process. APQC has found three important factors that can make an impact on the success of a master data management program.

The infographic below presents these factors and how they ultimately affect an organization’s order-to-cash process.

Related Article: Improve order-to-cash through master data management

Click here for the full sized infographic PDF.

About APQC

APQC helps organizations work smarter, faster, and with greater confidence. It is the world’s foremost authority in benchmarking, best practices, process and performance improvement, and knowledge management. APQC’s unique structure as a member-based nonprofit makes it a differentiator in the marketplace. APQC partners with more than 500 member organizations worldwide in all industries. With more than 40 years of experience, APQC remains the world’s leader in transforming organizations. Visit us at https://www.apqc.org/, and learn how you can make best practices your practices.

SC
MR