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What Is Master Data Management? A Beginner’s Guide to MDM

Master Data Management (MDM) is the process of creating, maintaining, and ensuring the consistency of critical business data—referred to as “master data”—across different systems and departments. Master data includes key information about the most important entities within a business, such as: Customers: Names, contact details, and demographic data. Products: Descriptions, SKUs, and pricing. Suppliers/Vendors: Business…