Learn Master Data Loading Attributes and Text
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What is Master Data?
Data stored in SAP R/3 is categorized as
Master Data and
Transactional Data.
Master data - Data that is created centrally and it is valid for all applications. It remains constant over the time but we need to update it on regular basis. 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.
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
Vendor master data
Pricing/conditions master data
Warehouse management master data (storage bin master data)
Who is the target audience?
Any one who want to become Professional in SAP
Any one who want to become Professional in SAP
Any one who want to become a Technical Consultant in SAP
Any one who wants to know about ERP Business
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