What are the types of master data?

Question

The most commonly found categories of master data are parties (individuals and organisations, and their roles, such as customers, suppliers, employees), products, financial structures (such as ledgers and cost centers) and locational concepts.

What are the 3 types of master data?

Types of Master DataCustomers. Though it may look like it's only focused on customers, the customers domain actually tracks all of the individual people and entities that drive a business. ... Products. ... Locations. ... Others.Master Data: What Is It & Why Does It Matter for Businesses?

What type of data is master data?

Master data is the set of identifiers that provides context about business data such as location, customer, product, asset, etc. It is the core data that is absolutely essential for running operations within a business enterprise or unit.

What are the master data types in SAP?

Master data types in SAP IBPSimple master data type:Reference master data type:Compound master data type:Virtual master data type:Master data types in SAP IBP

What are examples of types of master data?

7 Examples of Master DataReference Data. Reference data is data that defines permissible values in other data. ... Customer Data. Perhaps the single most common type of master data are customer records. ... Product Data. ... Employee. ... Transactions. ... Tickets. ... Analytical Data.7 Examples of Master Data - Simplicable

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