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Master Data: Master
Data form a pool of information stored on a long-term basis in
the SAP system and can be incorporated into individual
transactions. Master data are entered once and can be modified
as needed. SAP Example: The master data of a cost center
contains the name of the cost center, the person responsible for
the cost center, and the corresponding hierarchy area. The
master data of a vendor contains the name, address, and bank
information for the vendor. |
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Material Group: A grouping of materials and services according to
their characteristics. SAP Example: Office supplies
- 50005615 |
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Material Master Record: A
data record containing all the basic information required to
manage a material. |
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MM: The Materials Management application in SAP R/3.
The Purchasing and Inventory Management modules are contained in
this application. |
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