How do you reconcile responsible purchasing with supplier and product listing?
Structure and manage your sustainable purchasing strategy with Data Governance
Watch the replay and discover :
- The benefits of Master Data Management for structuring product and supplier data
- Management of CSR indicators and compliance with new regulations (CSRD, AGEC, etc.)
- The role of AI and automation in improving data quality and reducing manual effort
- Case study: how a leading caterer transformed its purchasing processes thanks to Data
Director of Data Governance & Data Management at Micropole
Sales Specialist MDM at Informatica
Master Data Management: a lever for structuring and improving the reliability of supplier and product listings
In an environment where companies have to juggle ever-increasing volumes of data, the management of supplier and product listings is becoming a strategic lever. During the 2024 edition of Tech for Retail, Pascal Antoine (Micropole) and Léo Reboul (Informatica) will explore how Master Data Management (MDM) and Data Governance can optimize these processes, while guaranteeing data quality, traceability and compliance with regulatory requirements(CSRD, AGEC law, etc.).
Main challenges addressed
- Data quality and reliability: consolidate information scattered across different systems (ERP, CRM, PIM, etc.).
- Compliance and traceability: alignment with current regulations and structuring of listings to facilitate extra-financial reporting.
- Optimization of purchasing and rationalization of suppliers: better management of contracts and CSR commitments thanks to a centralized view.
- Automation and AI: reducing manual tasks and improving quality control thanks to machine learning and anomaly detection algorithms.
Structuring data means structuring decision-making. A well-managed MDM project can deliver concrete results in less than six months, while building sustainable, scalable governance.
Data Governance: an essential foundation for data reliability and exploitation
Data Governance plays a central role in structuring and controlling data within companies, particularly when it comes to managing supplier and product listings. Well-defined data governance guarantees reliable, harmonized information that can be exploited on a large scale. Rigorous data management industrializes processes by integrating validation, standardization and quality control rules, thus reducing errors and duplication. Thanks to a unified repository, information can be structured coherently and shared efficiently between different systems and business teams, ensuring faster, more relevant decision-making.
Beyond data consolidation, Data Governance is also a key lever for regulatory compliance and process transparency. Increasing legal requirements, such as the CSRD or the AGEC law, mean that companies need to structure their data to ensure complete traceability and produce automated, extra-financial reporting. By integrating AI into its MDM, as offered by Informatica's MDM solution, governance is strengthened thanks to automated anomaly detection, data classification and referencing control.
Working on supplier and product listings using Master Data Management means guaranteeing reliable, complete and compliant data. Not only does this optimize purchasing and the supply chain, it also enables you to meet regulatory and CSR challenges with a centralized, unified vision.
A conference to guide you in structuring and optimizing your data governance
During this conference, you'll hear expert advice from Micropole and Informatica on :
- Structure a reliable, unified data repository, guaranteeing the consistency and quality of supplier and product information
- Implement effective data governance, by defining management and integration rules adapted to regulatory and business challenges
- Leverage AI and automation to optimize data quality and reduce teams' operational load
Informatica: the MDM solution for controlled data governance
Managing supplier and product data efficiently is a major challenge for companies seeking to structure their repository, guarantee information quality and ensure regulatory compliance. This is whereInformatica and its Master Data Management (MDM)comes into play, offering a scalable, high-performance SaaS solution capable of centralizing, cleansing and harmonizing strategic data.
With the Intelligent Data Management Cloud (IDMC) platform, Informatica enables companies to :
- Unify and govern their reference data to ensure a single, reliable vision.
- Automate data control and quality with artificial intelligence and machine learning.
- Guarantee compliance with regulations (CSRD, RGPD, AGEC law...) by structuring traceability and extra-financial reporting.
- Optimize supplier and product listings by rationalizing purchasing and improving decision-making.
In partnership with Micropole, Informatica's reference integrator, we support you in the deployment and optimization of your data governance. Whether you're looking to structure your MDM, improve the quality of your data, or automate its use, our expertise will help you exploit the full potential of your strategic information.
Questions and answers on Data Governance and Master Data Management
What is Master Data Management (MDM)?
Master Data Management (MDM ) is a solution for centralizing, structuring and harmonizing a company's reference data (suppliers, products, customers, etc.). It guarantees a single, reliable view of information, eliminates duplication and ensures data consistency across all business systems (ERP, PIM, CRM, etc.).
Why implement MDM in my company?
An MDM helps to avoid data silos, eliminate duplication, improve traceability and regulatory compliance, and ensure smooth collaboration between different business teams. It is essential in sectors where data reliability is a strategic issue, such as retail, industry and finance.
What is Data Governance and why is it essential?
Data Governance covers the rules, processes and tools put in place to ensure data quality, security and compliance. It establishes a structuring framework to better manage information, guarantee its integrity and meet regulatory requirements such as CSRD, RGPD or the AGEC law.
What are the benefits of good data governance?
Good data governance enables better decision-making, reduced errors and costs, assured regulatory compliance, and more effective use of data to create value. It also enablesautomated checks and validations to avoid inconsistencies.
What's the difference between Data Governance and Master Data Management?
Data Governance defines the rules and best practices for structuring and securing data, while MDM is the technological tool that implements this governance by consolidating and harmonizing data in a single repository.
How does Informatica MDM improve the management of supplier and product repositories?
Informatica MDM centralizes supplier and product data,automates quality control and ensures compliance with current standards. Thanks to advancedartificial intelligence mechanisms, it detects anomalies, optimizes traceability and facilitates the use of data to improve business performance.
What are the advantages of Informatica's MDM solution?
Informatica's MDM solution centralizes supplier and product data, improves data quality using AI, and ensures regulatory compliance. It offers advanced capabilities for anomaly detection, auto-classification and integration with key business systems.
How does Informatica MDM improve the management of supplier and product repositories?
Informatica's MDM centralizes supplier and product data,automates quality control and ensures compliance with current standards. Thanks to advancedartificial intelligence mechanisms, it detects anomalies, optimizes traceability and facilitates the use of data to improve business performance.
Why centralize supplier data in a single repository?
A supplier repository provides a global, standardized view of key information relating to the company's partners (contracts, certifications, CSR commitments, supply conditions). It facilitates risk management, compliance and optimization of supplier relations.
How does MDM improve supplier management?
With a supplier MDM, companies can eliminate duplicates, detect anomalies and automate data quality. The result is smoother purchasing management, better monitoring of contractual commitments and reduced risks associated with non-compliant partners.
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