Implementation of Master Data Management Solution in a Trade Industry Company

The primary focus of this work is the concept of implementation of Master Data Management solutions in developing companies. First part of this work contains background information provided that aims to familiarize with fundamental terminology associated with Master Data Management and Reference Data Management , as well as their interrelations. And it also highlights the importance and impact of MDM on business operations.The second part of this work includes an analysis of the current situation of the company and proposed steps for the implementation of MDM solution on the example of a particular company. The main goal of this work is to determine the specific steps and processes necessary for the implementation of a MDM solution. The work can serve as a practical guide for determining the processes at each step of the implementation of MDM / RDM solutions for small companies that plan to grow and develop both in the international arena and in the domestic market, because for this it is necessary to effectively and efficiently develop data management within companies , as the amount of data grows together with the expansion of the company. The work relies on information and publications provided by various articles, company’s internal documentation and the experiences gained during the implementation of the project will also serve as valuable inputs.