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Get to know usAugust 10, 2020
Master data is central to business operations, yet its significance was long overlooked. In recent years, however, this has changed dramatically: Master data management has emerged as a critical business priority.
Three key factors have driven this shift in perception:
The same principle applies to asset and maintenance management, for example, when dealing with machine defects. In a traditional analog process, employees might have had to search for the manufacturer’s phone number on their website. Once connected by phone to the right contact person, they would describe the fault in their own words.
If possible, the service team resolved the issue remotely. Otherwise, a technician would have to travel to the site for maintenance. In both cases, repairs often relied heavily on the technician’s personal experience, with no standardized, predefined work instructions.
In contrast, a fully digital process – far more effective and efficient – requires that certain key information be stored and maintained as master data, including:
In many companies, the necessary level of detail in master data has yet to be reached – simply because it has not been required until now. However, effective master data management is a cornerstone of successful digitalization in asset and maintenance management. It integrates with organizational, procedural, and technological aspects and spans the entire lifecycle of master data, from their creation and approval to use, maintenance, and eventual archiving.
For organizations beyond the start-up stage, the challenge is even greater: Existing master data must be cleaned, standardized, and stripped of duplicates before it can serve as a reliable foundation. Only then can master data management deliver real value.
Solutions such as SAP Master Data Governance (SAP MDG), and especially the SAP Master Data Governance for Enterprise Asset Management extension from Utopia, provide powerful tools to support this process and ensure data quality over the long term.
SAP Master Data Governance (SAP MDG) provides a comprehensive set of functionalities for efficient master data management. At its core is Central Governance, where all master data is stored, maintained, and distributed to connected systems according to consistent, binding standards.
So, what role does SAP MDG actually play? The software can run as a standalone hub or be integrated with SAP ERP or SAP S/4HANA. This ensures a true single source of truth, eliminating the fragmentation of master data across multiple global and local systems.
Central storage addresses the static dimension of master data management. Complementing this is the dynamic dimension, which covers workflows and documentation across the entire master data lifecycle.
The following questions illustrate what information gets documented within the dynamic dimension:
SAP Master Data Governance supports master data management with a variety of functions that significantly simplify and streamline daily work.
Key capabilities include:
SAP MDG also offers predefined standard data models, user interfaces, and workflow definitions for finance, materials, suppliers, and customers. These can be adapted to fit specific organizational needs. In addition, customer-specific objects can be developed.
Utopia, a specialist in master data management, offers SAP Master Data Governance for Enterprise Asset Management (EAM), an extension for SAP MDG tailored specifically to the unique requirements of asset and maintenance management.
This extension comes with standard data models, user interfaces, and workflow definitions for all key EAM objects.
These objects include, among others:
The use of SAP Master Data Governance for Enterprise Asset Management (EAM) delivers tangible value in two key areas: master data management and asset management.
From a master data management perspective, Utopia’s solution ensures that the entire process is structured, efficient, and targeted. It also guarantees a consistently high-quality database that complies with all relevant regulatory requirements.
This reliable database becomes the foundation for more effective, efficient, and compliant asset and maintenance management. One of the most important benefits is transparency: With just a few clicks, users can see exactly which assets exist in the company, where they are located, what their specifications are, and how they should be maintained.
This transparency leads to a range of benefits, including:
| Key stages in the process | Components | Function / goal |
| Migration | SAP Data Services |
|
| Monitor | SAP Information Steward |
|
| Governance | SAP Master Data Governance |
|
Master data forms the strategic foundation for successful digitalization in asset and maintenance management. With SAP Master Data Governance and its Enterprise Asset Management extension, companies can manage master data centrally, control it transparently, and maintain consistently high quality. The result is clear standards, automated processes, improved data accuracy, and enhanced transparency, creating the ideal conditions for efficient, compliant, and future-ready asset management.
Whitepaper: Master data management with SAP
Discover how to build a reliable foundation for digital transformation with SAP Master Data Governance (SAP MDG).
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