November 7, 2019

For many asset intensive organizations the thought of material master data can be overwhelming. There are thousands, and in some cases hundreds of thousands, of items that require information normalized to a defined schema. That information can be a category, noun, modifier, codification, attribute labels and values such as size, type, and material...there is a lot to consider. 

Not only do you need to understand the schema to...

December 5, 2017

It’s that time of year again. The holiday season is almost upon us, which means another year is coming to a close. As we stop to catch our breath and reflect on the past twelve months, it’s safe to say that this has been one of IMA’s busiest and most exciting years yet. Before we officially say goodbye to 2017 and welcome the new year, we’d like to recognize some of IMA’s greatest highlights and milestones from the past twelve...

November 20, 2017

When it comes to the strategic sourcing and procurement of MRO & Indirect Materials, accurate Product Classification plays a critical role in the ability to analyze, consolidate, and leverage spend. With detailed Product Classification codes and descriptions assigned to each material record, procurement can easily compile and tender MRO & Indirect spend by product group, enabling purchase price reductions, volume rebates, and...

September 22, 2016

Before we discuss the pros and cons of an internal vs. external project approach, let us first applaud you and your organization on recognizing the need for data cleansing. Regardless of which direction you go from here, at the very least you’ve taken the first step to improve data quality and achieve maintenance and procurement savings.

Now that you’ve made the decision to pursue a data cleansing initiative, you might be debat...

August 26, 2016

From the Americas to Europe, Asia, Africa, Australia, and everywhere in between, IMA’s data cleansing services have touched virtually every continent on the map. What may be surprising to some is that all data cleansing projects, regardless of their global origin, are implemented and performed from the comfort of IMA’s head office in Ontario, Canada. 

You may be questioning how it is possible to implement a mass data cleansing...

August 2, 2016

​​When it comes to Material Master Data, or any form of data for that matter, we’re quick to assume that more is better. Though this assumption may be true in some cases, the reality is that more doesn’t always mean better. Instead, it can often mean just the opposite, only causing increased confusion, cost, and room for error.

So what is more important, data quantity or quality?

As Material Master Data Cleansing specialists, we...

June 30, 2016

As we’ve discussed in previous blog posts and white papers, MRO & Indirect Materials often represent one of the single largest cost reduction opportunities within manufacturing and asset-intensive organizations. One of the greatest cost savings opportunities predominantly comes from the ability to effectively analyze and leverage MRO spend by product group (commodity). In order to do so, MRO purchases must be accurately catego...

June 2, 2016

Proper data formatting is essential when uploading and migrating materials data to an Enterprise Resource Planning (ERP) or Enterprise Asset Management (EAM) system. The challenge is that every system is vastly unique, each offering distinct features and benefits to the end user, which ultimately present much different data formatting and configuration requirements. Improper data formatting during the initial implementation or...

May 5, 2016

Data quality, or lack thereof, is a common challenge that companies face in today’s business environment. As manufacturing and asset-intensive organizations grow and evolve over time, so too does the volume of inventory and electronic data that is required to maintain operations. Whether growth occurs by natural progression, or via acquisitions and mergers, it adds a new degree of complexity to the already challenging master d...

April 14, 2016

With an increasing emphasis on master data quality and cost reduction, more and more companies are implementing Data Cleansing projects in an effort to meet maintenance efficiency and cost savings targets. While Data Cleansing certainly offers many immediate cost savings and efficiency gains through improved part search ability, accurate reporting, elimination of false stock-outs, and downtime reduction, the most lucrative ben...

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