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This paper examines some standard examples for product data to highlight some reasons for differentiating product data from other master data domains and then discusses the interplay between product data and other data activities in a multidomain environment. The paper looks at the semantic aspects of product data that enable tagging, description, classification and segmentation. Good product MDM frameworks will address some of the important issues, and we will explore how product MDM helps improve the types of applications described. Lastly, this paper presents some practical steps to take prior to purchasing a product MDM system that will help in assessing business needs and reviewing where product MDM can have the most effect on an organization.
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