Which component does Cross RID and Global Reference relate to in MDM?

Which component does Cross RID and Global Reference relate to in MDM?

• A. The relationship between source ID and global ID
• B. The management of customer data
• C. Product life cycle management
• D. The accounting of financial transactions

Answer: (A)

The relationship between source ID and global ID is fundamental in Master Data Management (MDM), especially when dealing with Cross RID (Reference ID) and Global Reference. In MDM, a global ID serves as a unique identifier for a specific entity across various data sources, while a source ID refers to the identifier used by a particular source or system. Cross RID is utilized to bridge the gap between these multiple source IDs and the global ID, ensuring that data from various origins can be accurately compiled and correlated. This is especially crucial in an environment where data is collected from disparate systems, as it creates a consistent framework for identifying entities, reduces duplication, and enhances data integrity. By establishing this relationship, organizations can effectively manage master data, leading to improved data governance, quality, and usability across the enterprise. This component is vital for achieving a unified view of key entities, such as customers, products, or vendors, as it allows for better data integration and reporting, ultimately supporting strategic business decisions.

The relationship between source ID and global ID is fundamental in Master Data Management (MDM), especially when dealing with Cross RID (Reference ID) and Global Reference. In MDM, a global ID serves as a unique identifier for a specific entity across various data sources, while a source ID refers to the identifier used by a particular source or system.

Cross RID is utilized to bridge the gap between these multiple source IDs and the global ID, ensuring that data from various origins can be accurately compiled and correlated. This is especially crucial in an environment where data is collected from disparate systems, as it creates a consistent framework for identifying entities, reduces duplication, and enhances data integrity.

By establishing this relationship, organizations can effectively manage master data, leading to improved data governance, quality, and usability across the enterprise. This component is vital for achieving a unified view of key entities, such as customers, products, or vendors, as it allows for better data integration and reporting, ultimately supporting strategic business decisions.