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Khem Balkaran, CIO

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Louis J. Profumo, CFO & EVP

Centralizing MDM Operations Enhances Efficiency & Reduces Costs by 30%

Read | Sep 23, 2024

AUTHOR(s)

A WNS Perspective

Key Points

Master Data Management (MDM) is a critical manufacturing function that ensures data accuracy, consistency and compliance across global operations. However, companies often face challenges with data quality, process inefficiencies and managing master records due to fragmented systems. As businesses grow and evolve, a centralized and standardized MDM approach becomes vital.

A leading manufacturer partnered with WNS to address these challenges and streamline its MDM operations. WNS implemented standardized operating procedures across global teams, improving the accuracy and consistency of customer and vendor master records. The partnership also supported the company in optimizing data governance, reducing costs and enhancing operational efficiency.

Read our infographic below for more information.

FAQs

1. What is centralized Master Data Management (MDM) and why is it important for manufacturers?

Centralized MDM is the process of managing all critical data—like customer and vendor records—from a single, standardized system. It ensures accuracy, consistency, and compliance across global operations, reduces errors, and improves efficiency in manufacturing processes.

2. How can centralizing MDM operations reduce costs for a company?

By standardizing processes, eliminating duplicate records, and improving data accuracy, centralized MDM reduces rework, minimizes process exceptions, and streamlines operations—leading to significant cost savings, as seen with over 30% reduction in this case study.

3. What are the key benefits of working with WNS for MDM operations?

WNS helps companies implement standardized operating procedures, manage customer and vendor records efficiently, perform data cleansing, and train global teams. This results in improved data quality, enhanced operational efficiency, and reduced costs.

4. How does centralized MDM improve downstream processes like sales, finance, and procurement?

Accurate and consistent master data ensures that downstream operations run smoothly, reducing errors in sales orders, finance reporting, and procurement activities. This leads to faster processing times, fewer exceptions, and better overall business performance.

5. How does WNS manage global MDM operations for manufacturers?

WNS establishes a centralized MDM team that implements standardized processes across regions. We manage customer and vendor master records, handle validation, enrichment, creation, and updates using systems like SAP ECC, SAP HANA, and ServiceNow, ensuring consistent and accurate data worldwide.

6. What MDM services does WNS provide to improve data quality and compliance?

WNS offers end-to-end MDM services including data cleansing, record creation and updates, exception management, and governance setup. We also train client teams to prevent rework and ensure compliance with internal and regulatory standards.

7. How does WNS help reduce operational costs through MDM transformation?

By centralizing operations, standardizing processes, and improving data accuracy, WNS reduces rework and process exceptions. This enhances efficiency across sales, finance, and procurement, leading to cost savings of over 30%, as demonstrated in our case study.