Data that identifies and defines a product is often represented inconsistently and in a non-standardized manner across different supply chain entities. Using standards-based product master data serves as the foundation for better communication, and hence coordination between the different supply chain actors.
Master data management includes the management of product master data and is a combination of policies, processes, and technologies that consolidate, clean, and enhance master data, and facilitates synchronization of that data with all applicable applications, business process, and analytics tools. The ability to maintain a product master data program that enables standardization of trade item data is foundational for achieving end-to-end visibility and traceability. Implementing a national product catalog (NPC) facilitates this. To learn more about broader master data management concepts, please see the GHSC-PSM Product Master Data Reference Guide.