Features of Item Master Data Management Solutions
The most effective MDM software features go beyond basic data storage to provide comprehensive control and visibility across your product portfolio. These capabilities ensure your team has the right information, at the right time, with the proper safeguards in place.
Data Centralization
Modern MDM tools create a core repository where everything you need lives in one place, including item names, descriptions, input costs, bills of materials, supplier information, manufacturing lead times, order quantities, and inventory levels. Advanced systems can also track attributes like purchase costs and minimum and maximum stock levels, giving teams complete visibility into every aspect of their products.
Version Control and Traceability
Robust version control provides accountability by tracking every change made to your data. This audit trail is crucial during regulatory reviews, supporting more effective inspections and quality assessments by demonstrating exactly why changes occurred. That level of traceability also enables faster error spotting and troubleshooting when issues do arise.
Role-Based Access
Not everyone should have access to everything. MDM capabilities include permission settings specific to departments and users, ensuring only authorized personnel can modify your most essential data. Many systems include approval workflows where designated approvers need to validate changes before they go into production.
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Compliance Support
Dedicated regulatory compliance modules help assess whether products meet market-specific requirements and generate compliant labeling data automatically. These features ensure your regulatory teams work with the right data to keep your products compliant in diverse and dynamic markets.
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Product Data Accuracy in Food and Beverage
Master data management for food industry businesses helps regulatory specialists generate accurate labels and branding materials with confidence. Through centralized ingredient specifications, nutritional information, and regulatory data, teams eliminate the risk of outdated or incorrect information appearing on consumer packaging.
Faster Go-to-Market in Retail
Private label retailers use MDM to streamline data sharing with manufacturing partners and suppliers. By centralizing product specifications, UPCs, and supplier information, retailers can collaborate more effectively on validated data, reducing errors and accelerating product launches through improved supplier partnerships.
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Regulatory Compliance in Cosmetics
For cosmetics, MDM solutions provide dedicated compliance assessment tools that evaluate whether products meet specific market regulations. When entering new markets, companies can quickly assess regulatory requirements and ensure their formulations and labeling meet local standards before launch.
SEE HOW CUSTOMERS USE Trace One Devex PLM Featured Case Studies
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Food and Beverage
Perfetti Van Melle accelerates new product launches with Trace One Devex PLM
Perfetti Van Melle, a global confectionery leader, streamlined project management and accelerated product launches by expanding its use of Trace One Devex PLM with the IPMS module to replace manual workflows and enhance coordination across global operations.
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Cosmetics
Beauty brand incubator uses Trace One Devex PLM to maximize its brands expansion
This fast-growing beauty brand incubator overcame the challenges of rapid global expansion and manual processes by implementing Trace One Devex PLM, streamlining communication, compliance, and product innovation across its global portfolio.
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Specialty Chemicals
Streamlining business processes with Trace One Devex PLM
With Trace One Devex PLM, the automotive paint company provides a smart color matching tool to individual body shops, facilitating exact color match for a damaged car.
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MDM vs. PLM vs. PDM
Understanding the relationships between MDM, PLM, and PDM helps clarify each system's role in your technology stack. While PLM solutions manage the entire product lifecycle from concept to retirement and PDM tools focus on engineering documents and CAD files, MDM systems serve as the foundational data layer that feeds both systems.
Effective integration between PLM and MDM tools keeps core product information like specifications, suppliers, and regulatory information consistent across all platforms, eliminating data silos and reducing errors throughout your product development process.
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CATEGORY-DEFINING INNOVATION Why Trace One?
Trace One PLM solutions deliver comprehensive MDM capabilities across industry-leading software for food and beverage, cosmetics, and chemicals manufacturers, as well as private label retailers and CPG brands. With AI-powered data extraction, out-of-the-box compliance frameworks, and seamless ERP integration, Trace One solutions can help you transform your product development processes.
By managing item master data centrally and connecting it to our full suite of applications, Trace One’s integrated MDM system provides a single source of truth that breaks down data silos between different applications, different stages of the product development lifecycle, and different stakeholders. The result is better quality, smoother processes, and faster time-to-market.
