Master data management forms the company’s backbone
The core business processes in life sciences and chemical industry are closely related to master data. Complete, well-maintained and optimally coordinated material, customer, supplier and financial master data make companies more efficient and successful. Conversely, silos and poor data quality can lead to financial losses and slow down a digital transformation.
msg industry advisors support you in successfully setting up and managing efficient master data management (MDM). We help you improve data quality, facilitate data exchange and jointly create the basis for advanced data analytics and AI applications.
Security through MDM: On the way on to optimal compliance
In the life sciences and chemical industries, precise management of master data across the entire product life cycle is crucial, especially with regard to regulatory requirements. Companies must ensure that their master data is accurate, consistent and complete across all locations and companies. Within large, complex organizations or following mergers and acquisitions, differing systems use varying terminologies to manage, search and communicate master data. An MDM tailored to industry requirements strengthens adherence to cGxP compliance standards, minimizes risks and ensures data integrity throughout the entire product lifecycle.
Improved and more accessible master data simplifies and accelerates processes, leading to more informed decisions through data-driven analyses. At the same time, companies are better prepared to share information with other departments, authorities or external partners, such as CROs and CMOs.
Our Capabilities
msg industry advisors accompany you in the development and operationalization of your master data strategy. Together, we identify relevant stakeholders and use our compliance expertise to provide solutions to questions on governance, ownership, regulation and the design of DQM processes.
We analyze your current MDM status and recommend specific measures to efficiently increase master data quality.
Together, we develop an MDM strategy that aligns with your corporate goals, the market characteristics of your business model and the regulatory requirements of your industry.
We support you in setting up robust processes to manage and maintain your master data. This also includes adapting to regulatory changes and new standards.
We support you in setting up and establishing a sustainable MDM organization, including the necessary roles and robust governance structures.
Together, we develop structures and measures to ensure sustainable data quality. This includes the uniform definition of KPIs, criteria and standards as part of data quality management reporting.
We support you in creating a uniform data basis for your master data. For this, we use efficient implementation methods and are well-versed in SAP MDG, Data Services and Data Quality Management.
Optimize the quality of your master data and lay the foundation for better compliance, more efficient processes and the use of data analytics.
Optimieren Sie die Qualität Ihrer Stammdaten und legen Sie damit den Grundstein für eine bessere Compliance, effizientere Prozesse und den Einsatz von Data Analytics.