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What is Master Data?
Data stored in SAP R/3 is categorized as
Master Data and
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)
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