ECCMA

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Thanks to Gerardo Leal for this great walk-through of the International Business Registration number 👏 Understanding the IBRN Through a Simple Analogy In our August post, we introduced the International Business Registration Number (IBRN) as a formatted Authoritative Legal Entity Identifier (ALEI) aligned with ISO 8000-116. Today, I’d like to expand on this concept using an analogy and explain why the IBRN is a cornerstone of efficient business data management. Think of an IBRN like an international phone number. • Just as adding a country code to a local number makes it globally unique and universally accessible, adding a jurisdiction and registry prefix to a local business registration number transforms it into an IBRN—a globally unique identifier for businesses. Why is this important? 1. Proof of Verification: An IBRN confirms that a company’s registration and legal name have been verified with the authoritative government registry. This verification can be revisited at any time. 2. No Duplicates: By incorporating the IBRN into your supplier master data, you ensure no “legal entity” duplicates exist—streamlining records and improving reliability. 3. AI and Data Integration: An IBRN facilitates access to third-party data for supplier validation, risk assessment, and ownership/relationship tracking. It’s a bridge to efficient automation and accurate insights. 4. Contract Clarity: When drafting contracts, using the Legal Name (IBRN) for identifying parties avoids confusion. For example: “This Agreement is entered into by and between Corning Life Sciences Inc. (US-DE.BER:572221) and Code Management Association (US-DE.BER:3031657).” In a world where supply chain data management and interoperability are becoming increasingly complex, the IBRN simplifies compliance, enhances data quality, and unlocks new opportunities for automation and integration. Read more from Gerardo via the ECCMA Certified Professionals Forum group hashtag#ISO8000116 hashtag#IBRN hashtag#MasterDataQuality hashtag#LegalEntityIdentifier hashtag#BusinessRegistration

2025: Are you ready? Do you have the tools to manage your supply chain data? How can one better prepare to use AI/ML as part of the solution? If you are a professional responsible for reducing the cost of master data management and improving the quality and interoperability of supply chain data, this webinar may be for you. 10 December 2024, 13:00 UTC/08:00 EST/14:00 CET/18:30 IST – 1 hour briefing Discover ECCMA https://lnkd.in/degM4nnV ECCMA works with its members to lower the cost of acquiring and maintaining quality identification and characteristic data using standards-based solutions. Join Peter R. Benson for: - A look ahead to 2025 data management and governance, leveraging data standards to support ML/AI - An update on recent developments in ISO standards relating to supply chain data quality and interoperability - An overview of the benefits and opportunities available through ECCMA Membership. Register using the joining form at https://lnkd.in/degM4nnV We look forward to meeting you on December 10! If you would like to review ECCMA membership types, please follow this link: https://lnkd.in/eYGhq6D8

2025: Are you ready? Do you have the tools to manage your supply chain data? How can one better prepare to use AI/ML as part of the solution? If you are a professional responsible for reducing the cost of master data management and improving the quality and interoperability of supply chain data, this webinar may be for you. 10 December 2024, 13:00 UTC/08:00 EST/14:00 CET/18:30 IST – 1 hour briefing Discover ECCMA https://lnkd.in/degM4nnV ECCMA works with its members to lower the cost of acquiring and maintaining quality identification and characteristic data using standards-based solutions. Join Peter R. Benson for: - A look ahead to 2025 data management and governance, leveraging data standards to support ML/AI - An update on recent developments in ISO standards relating to supply chain data quality and interoperability - An overview of the benefits and opportunities available through ECCMA Membership. Register using the joining form at https://lnkd.in/degM4nnV We look forward to meeting you on December 10! If you would like to review ECCMA membership types, please follow this link: https://lnkd.in/eYGhq6D8

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From our US-based ECCMA team members, we wish all a very Happy Thanksgiving! We are very thankful for the camaraderie with all of our ECCMA family and friends: ECCMA employees, ECCMA members, the ISO and ANSI communities, data connoisseurs, those making available data important for a safe and effective supply chain, and those supporting standards for supply chain data quality, interoperability, ethics, and independence for the benefit of all!

Is the Accuracy Dimension Independent or Dependent on the Validity Dimension? When evaluating #dataquality, two dimensions often discussed are Accuracy and Validity. Accuracy is about how well the data represents the true, real-world value, while validity is about how well #data adheres to defined formats and standards. While both are critical for ensuring high-quality, reliable data, the relationship between these two dimensions is nuanced. Are they independent, or does one depend on the other? This article concludes that accuracy and validity are independent dimensions of data quality though the two dimensions can sometimes intersect. #datagovernance

By leveraging #ISO8000 within an organization’s #datagovernance framework, organizations can establish data #quality requirements, define #dataquality metrics, implement data quality assessment methodologies, and promote #data standardization practices. This collaboration ensures that data governance efforts align with recognized industry #standards for data quality, enhancing the overall effectiveness of #datamanagement initiatives. Note: ISO 8000-114 was published on 2024-03.