Master data

Master data comprises of data records that

are stored in database for long periods of time.
Stored centrally
Used and processed on a cross-application
basis
Multi storage of data is avoided.

 Units of measure
Material short text
PO text

Delivery time
Purchase price

Address
Payment data

VENDOR MASTER RECORD

Contains information on an enterprises vendors.
Information is stored in individual VMR.
Contains data such as
Vendors name and address
Currency used in transactions with vendor
Terms of payment
Name of important contacts(sales persons)

Maintained by both purchasing and accounting.

 General data:
Valid for whole client
Vendors address
Bank details

Accounting data
Maintained at company code level.
Number of reconciliation account
Payment methods for automatic transactions.
Purchasing data
Maintained for each purchasing organization
Purchasing order currency
Incoterms

Transaction code used

Create MK01
Change MK02
Display MK03
Menu path

General data
Control data
Purchasing specific data
Accounting personnel - payment transaction data,
company code specific data.

Menu
path

ACOUNT GROUP
Vendors are categorized according to
requirements and some of the
vendors
having
similar
characteristics are grouped together
and placed in one category.

 Account Group