Not clearly defining & standardizing master data elements stored in MDM slots is another frequent mistake. The organization may become inconsistent if various departments develop their own interpretations tinpattiof what makes for accurate and comprehensive master data in the absence of a common understanding. In order to reduce this risk, a thorough data dictionary that lists the definitions, formats, and acceptable values for every master data element must be created. As a point of reference for all parties involved in master data management, this resource aids in maintaining uniformity across different systems.