Fundamentally, there are two different approaches to modeling master data management (MDM): prepackaged and business model driven. Each approach determines if the data model is fixed or flexible, Web services are pregenerated or dynamically generated, and user interfaces are predefined or user defined. The cost versus benefits of taking one approach over another can be substantial: implementation time can be weeks versus years, and total cost of ownership can be miniscule rather than multiple. In short, one approach will enable MDM to adapt to your business requirements while the other approach will dictate that your requirements adapt to MDM’s capabilities—the opposite.
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