Master data is a company asset. The better the data, the better business operation (and the lower the costs)
In addition to enabling reliable cross-group analytics and improving overall master data quality (through the master-data consolidation and master-data harmonization scenarios), companies could want to:
SAP NetWeaver MDM enables centralized maintenance and storage of globally relevant master data information and allows subsequent distribution to client systems. It differs from master-data harmonization in that master data is created centrally using the MDM rich clients or SAP NetWeaver Portal.
With SAP NetWeaver MDM, a central comprehensive repository can be created with enriched content that can be used as the single source of truth for all enterprise master data on an inter and intra-enterprise scale.
The main process flow in the central master-data management IT scenario is as follows:
*) Also possible using SAP NetWeaver Portal (iViews)
**) Can be used in addition to MDM Syndicator/Syndicator Batch
In summary, central master-data management provides a single source of record by creating/updating master data centrally on MDM, supported by workflow-controlled approvals and periodic distribution to client systems.
SAP NetWeaver MDM provides the following benefits:
Hope this helps you to see master data management from a scenario and process perspective.