Glossary of Terms

What is Master Data Management?

Master Data Management Definition

Master Data Management (MDM) is a method of managing the organization's critical data. This data, often referred to as "master data," includes information about customers, products, employees, suppliers, and other core entities that are crucial to the business operations. The goal of Master Data Management is to provide processes, governance, policies, standards, and tools that consistently define and manage the critical data of an organization to provide a single point of reference. Some key aspects of master data management includes things like data integration, data quality, and interoperability between different systems and apps.

master data management definition

Related terms

Product Information Management, or a PIM, is a powerful tool that centralizes all of a company's product data into one system.
Catalog management is the process of organizing and managing the various products or services you offer.
A product attribute is any characteristic or feature of a product that helps distinguish it from other products.
A product catalog is a comprehensive list of products that a business has available for purchase.
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