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Industry Summary Articles

Friday, August 18, 2017

Master data for product lifecycle management

Overcoming inadequacies in data sharing to meet the demands of global competition.

CIMdata’s Tom Gill featured on aerospacemanufacturinganddesign.com:

Many aerospace and defense (A&D) leaders underestimate how critical certain types of information are to business success. One of those information types is master data – lists, repositories, and files that detail the myriad of fundamentals of the business.

Producing innovative products cost- effectively is impossible without access to core knowledge. And this list is long: products, capabilities, production systems and equipment; organizational structures, key people, plant sites and warehouses; processes (equipment, systems, concepts), contractors (primes and subs), customers (especially if they are government agencies), regulators, and more.

Nearly all of an enterprise’s decision makers rely in some way on these repositories, so they must be accurate, up-to-date, verifiable, and shared across the extended enterprise. However, sharing and reliability are often stymied by toolsets for master data known as master data management (MDM)1. Toolsets nearing the ends of their useful lives cause data to be late, outdated, missing, inaccurate, or not easily verifiable.(…)
 

Read the feature here.

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