What is considered as master data in SAP?

What are the master data in SAP?

Master data is the core data that is used as a base for any transaction. If you are producing, transferring stock, selling, purchasing, doing physical inventory, whatever your activity may be, it requires certain master data to be maintained. Example of Master Data. Material master data. Customer master data.

What are examples of master data in SAP?

For example: Vendor is a type of master data that is used for creating purchase orders or contracts. Transactional data − Data that is associated with processing of business transaction is transactional data.

What data is considered as 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. Otherwise, there would be no way to uniformly compare data between systems.

What are master data items?

An item master is a record of all the key information about a particular item of inventory. This could include the date of manufacture, a short description of the inventory item, its dimensions (size, weight etc.), its cost, as well as information about current stock levels.