What is Master Data Management?
The objective of Master Data Management (MDM) is to provide processes for collecting, aggregating, matching, consolidating, quality-assuring, persisting and distributing data throughout an organization in order to ensure consistency and control. MDM is a strategy that treats master data as a corporate asset, facilitating data consistency across various systems in order to streamline business processes and enterprise reporting while ensuring master data governance.
SAP Master Data Management (SAP MDM)
SAP MDM provides a complete and comprehensive approach to centrally govern and manage master data and processes.