Material Master Data Management is a comprehensive strategy to determine and build a single, accurate and authoritative source of truth for a company’s information assets and typically deliver this as a service on demand. How it brings data means together to create a single, accurate record of the truth across the enterprise. Once created, this master data serves as a trusted view of business-critical data that can be managed and shared across the business to promote accurate reporting, reduce data errors, remove redundancy, and help workers make better-informed business decisions.