Master Data Management (MDM) underscores the critical importance of data quality, encompassing attributes such as accuracy, completeness, consistency, uniqueness, validity, and timeliness. These attributes are indispensable for achieving a reliable "single version of the truth" across various systems. High-quality data enhances decision-making, minimizes errors, and...
Systematized Nomenclature of Medicine Clinical Terms, commonly known as SNOMED CT, is the most comprehensive, multilingual clinical terminology in the world, encompassing more than 300,000 concepts, along with terms, synonyms, and definitions. It was specifically designed to be a standard for electronic health information exchange. SNOMED...
The UNSPSC (United Nations Standard Products and Services Code) and NCS (NATO Codification System) are the coding systems used for cataloguing, but they serve varied purposes and have specific characteristics. UNSPSC: Developed by the United Nations (UNDP), the UNSPSC is a global classification system for products and...
How Asset Hierarchy Builds Help Asset-Intensive Industries Asset hierarchy is a structured organization of assets that breaks them down into manageable levels, creating a clear and logical representation of an organization’s physical assets. For asset-intensive industries such as Oil & Gas, Manufacturing, Energy, Transportation, and Utilities,...
Hospital inventory evaluation services help healthcare providers optimize their inventory by auditing current inventory practices, identifying inefficiencies, and take steps for improvement. These services can reduce costs, improve resource availability, and support regulatory compliance. Hospital inventory typically includes a wide range of items such as...
In the evolving landscape of healthcare, where data is as critical as the care itself, mastering Healthcare Service Master Data Management (MDM) is pivotal. Effective MDM in healthcare ensures that patient data, service records, and provider information are accurate, consistent, and accessible across the board....
The world of procurement is always complex and confusing, with various systems and codes used to codify the products, services, and businesses. Most of these are run based on the requirements of the user and organization working style. Two of the most widely used Codification/classification systems...
Today, corporate boards and executives understand the importance of data and analytics for improved business performance. However, most of the data in enterprises is of poor quality, hence the majority of the data and analytics fail. To improve the quality of data, more than 80% of...
The latest United Nations Standard Products and Services Code® (UNSPSC) code set Version 26 has been published at www.unspsc.org Griha Software Technologies has analysed the impact of updates on the latest version. Supply chain decision makers also need to plan for any category changes across their...
Management guru Peter Drucker is often quoted as having said, “You can't manage what you can't measure.” Because of this, data and analytics (D&A) provide the necessary visibility required for businesses to measure and manage their performance. Measurements like KPIs (key performance indicators) drive business behavior, results...
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