SAP Master Data

Data stored in SAP is categorized as a) Master Data, b) Transactional Data. Master data refers to the core data that is used as a base for any transaction. For any activities such as production, transferring stock, selling, purchasing, physical inventory management etc., it requires certain master data to be maintained. Example of Master Data: a) Material master data, b) Customer master data, c) Vendor master data, d) Pricing/conditions master data, e) Warehouse management master data (storage bin master data). Material master records contain the information of materials that an organization purchases, manufactures or sells. Vendor master record contains the information about vendors – address, financial data, payment terms, purchasing data such as currency, order value. Purchase info record consists of detailed information about materials and vendors supplying the required materials. Source list is a type of master data that determines the preferred sources of supply for a material.