What is the role of master data management (MDM) in business rules?
Business rules aren't system-centric, they're business-centric. As such, they should leverage master data when they need to. For instance, take a simple business rule, like "all branches should have a branch code." The branch code would then be able to roll up to branches within a certain region. If you look at the new crop of business rules management systems currently available on the market, they ensure that business rules are consistent across systems, deployed as a centralized enterprise service for consistency's sake. A real-life example is with volume purchase agreements (VPAs). In order to apply the correct pricing, a business rules management system might need to call product master data on a PIM hub to get the most current list price for a product in order to calculate an accurate VPA. This scenario combines workflow, master data, and authoritative business rule calculation to ensure the integrity of potentially high-impact discounts.
Dig deeper on MDM best practices
Is it better for companies to go with an enterprise-wide master data management (MDM) implementation or deploy MDM departmentally? Find out which ...continue reading
Learn about the most common master data management (MDM) project pitfalls that companies run into. Get a list of the major problems that can hold ...continue reading
There’s a lot of talk about master data management but not so much about CDI and PIM. Find out what happened to those MDM-related technologies.continue reading
Have a question for an expert?
Please add a title for your question
Get answers from a TechTarget expert on whatever's puzzling you.