What is the difference between the master data and transaction data of supply chain?

What is the difference between master data and transaction data?

Transactional data relates to the transactions of the organization and includes data that is captured, for example, when a product is sold or purchased. Master data is referred to in different transactions, and examples are customer, product, or supplier data.

What are the differences between master data and transaction data and why are they important?

The main difference between master data and transaction data is that the master data is the data that represent people, places or things that are related to an organization whereas, the transaction data is the data used by the master data. Data is important to every business organization.

What is the difference between master table and transaction table?

A transaction is an activity performed by entities(master tables) within the system. These activities are captured in transaction tables and usually, these transaction entries have foreign keys to master records. Transaction tables are designed to store events in the system.

What is master data and transactional data in SAP?

master data :data which is seldomly changed. example is data which is there in address like name ,address and telephone number. transaction data : this data will change frequently .example is goods in ware house data which change after every purchase order.