What types of data are managed by master data management systems?

The core enterprise data that is used by multiple systems, including:

  • People Customers, Prospects, Employees, Members, Healthcare Providers, Supplier and any other parties that are important to your business
  • Accounts Companies or Organizations
  • Products Finished goods, assets, parts and materials
  • Places Locations of stores, warehouses, deliver points, or other sites

Multi-domain (or Multi-Entity) MDM is a system that can manage multiple types of master data in a single solution.  It is more valuable because it enables companies to get visibility into the relationships between different types of master data and answer questions such as, “Which products does this customer buy? Which supplier provides these products or provides the parts for us to make this product? What are these customers' favorite store locations?