{"id":1876,"date":"2016-11-25T01:00:08","date_gmt":"2016-11-25T00:00:08","guid":{"rendered":"http:\/\/e3mag.com\/?p=1876"},"modified":"2022-05-01T08:27:46","modified_gmt":"2022-05-01T06:27:46","slug":"digital-key-factor","status":"publish","type":"post","link":"https:\/\/e3mag.com\/en\/digital-key-factor\/","title":{"rendered":"Digital key factor"},"content":{"rendered":"

In its \"Digital Strategy 2025\", the German government writes that the central raw material of the digital transformation is Data<\/span>. Dealing with them is a decisive factor in the success of modern business.<\/p>\n

\"The key competencies of successful Company<\/span> in the long term will be in the capture, processing, linking and protection of Data<\/span> lie - and in deriving concrete measures and methods.\"<\/em><\/p>

\"Fullsize\"<\/a><\/div>\n

According to a 2014 PwC study, 90 percent of all future Company<\/span> convinced that the ability to efficiently analyze and effectively use big data will be critical to the success of their business model. Important elements of these big data sets are Master data<\/span>.<\/p>\n

As Master data<\/span> is called static basic data or Reference data<\/span> to objects relevant to operations, such as products, materials, suppliers, customers, employees and finances.<\/p>\n

Merck is a leading science and technology company in the fields of healthcare, life science and performance materials.<\/p>\n

Around 50,000 employees are working on this, Technologies<\/span> that enrich life - from biopharmaceutical therapies for the treatment of cancer or multiple sclerosis, to pioneering systems for scientific research and production, to liquid crystals for smartphones or LCD televisions.<\/p>\n

In 2015, Merck generated sales of EUR 12.85 billion in 66 countries.<\/p>\n

Founded in 1668, Merck is the oldest pharmaceutical-chemical Company<\/span> the world. The founding family is still the majority owner of the listed group today.<\/p>\n

At Merck, a pyramid-shaped business segment or product structure is used for Group consolidation and external reporting.<\/p>\n

Business Sector, Business, Business Unit<\/span>, Business Field, Strategic Business Unit<\/span> (SBU) form the so-called upper hierarchy. These are the Reporting<\/span> levels, which are managed in Group Consolidation, down to Business, they are also used for external reporting. Below the Upper Hierarchy, further levels form the Lower Hierarchy, which extends down to the individual material.<\/p>\n

The product hierarchy ensures that for a product defined in the ERP<\/span> booked sales, the revenues (and also the costs) are allocated to the corresponding SBU. In the pharmaceutical sector, the pyramid structure exists only partially. The peculiarity here is that in some cases the same starting material flows into different business units.<\/p>\n

For example, there are products that are available over the counter in some countries but require a prescription in others. Accordingly, this product then flows into the associated business areas.<\/p>\n

\"The<\/a>
The diversity of leading systems and responsibilities.<\/figcaption><\/figure>\n

 <\/p>\n

Initial situation Master data management<\/h3>\n

In the context of Group consolidation and external reporting, Merck has a large number of Reference data<\/span> under the link. Reference data<\/span> are generally used for groupings, hierarchies and categorizations of Data<\/span> used.<\/p>\n

They exist both internally within a company - for example, company structure data - but also across company boundaries, for example, ISO country codes, ISO currency codes, postal codes.<\/p>\n

Merck understands by Reference data<\/span> Financial master data, but not those from the ERP<\/span>such as cost center or profit center. The focus is decidedly on Consolidation<\/span> and Reporting<\/span>.<\/p>\n

Examples of relevant Data<\/span> are:<\/p>\n