What is Master Data?

What is Master Data?

Master data in SAP 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. We have
General Ledger master data
material master data,
customer master data,
vendor master data,
pricing/conditions master data,
warehouse management master data (storage bin master data) etc.

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