ISO 8000 is the global
standard for Data Quality and Enterprise Master Data. It describes the features
and defines the requirements for standard exchange of Master Data among
business partners. It establishes the concept of Portability as a requirement
for Enterprise Master Data, and the concept that true Enterprise Master Data is
unique to each organization.
Master Data is
commonly used to manage critical business information about products, services
and materials, constituents, clients and counterparties, and for certain
immutable transactional and operational records. Application of this standard
has already proven it can significantly reduce procurement costs, promote
inventory rationalization, and deliver greater efficiency and cost savings in
supply chain management.
The ISO 8000 standard
was first proposed in 2002, and the first components were approved in 2009.
Part 115, which describes "Quality Identifier Prefixes" for
"Quality Identifiers," was approved in 2017. Several important
enhancements are currently under development, including Part 116 (see the Key
Concepts, below). Many successful organizations have already adopted Master
Data, and its precursor, Reference Data, and the core elements of the maturing
standard are quickly being adopted by many Fortune 500 corporations. Around the
world, Government agencies in major economies involved in the supervision and
regulation of financial and commodities markets, telecommunications, media,
high technology and military have adopted a wide range of ISO 8000 Master Data
strategies, and several are establishing audits and controls based upon ISO
8000.
ISO 8000 is one of the
emerging technology standards that large and complex organizations are turning
to in order to improve business processes and control operational costs. The
standard is in the process of being published as a number of separate
documents, which ISO calls "parts".
Key Concepts
Master Data: Master data represents the business objects
which are agreed on and shared across the enterprise. It can cover relatively
static reference data, transactional, unstructured, analytical, hierarchical
and metadata. It is the primary focus of the discipline of Master Data
Management (MDM). This discipline used to be predominantly taken care of by
Information Technology (IT) departments but can equally well be justified as a
business function, with IT providing the required technology.
Quality Identifier: A Quality Identifier is an internal product or
services identifier or key that is issued and "owned" by an
organization and used to resolve a product or service to the minimum ISO 8000
quality data set required to validate the identifier.
SmartPrefix: An ISO 8000-115 SmartPrefix is a unique name
or alpha-numeric character string that is used by manufacturers and
distributors to uniquely identify products and replacements parts and link them
to corresponding ISO Technical Specifications (ISO/TS).
Authoritative Legal
Entity Identifier (ALEI): An
ISO 8000-116 ALEI is an identifier issued by the administrative agency for the
governing body of a nation, state, or community for a physical or juridical
person for which they have granted legal status. Part 116 is in Committee Draft
status within ISO and is expected to be published as an International Standard
in 2018.
Authoritative Item
Identifier: An AII is a
primary key or system identifier for a product or service that is defined in a
dictionary and in an ISO 22745 XML specification in standard format that uses
property or attribute value pairs for the item characteristics.
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