Master Data and Master Reference Data
Master data is also called Master reference data. This is to avoid confusion with the usage of the term Master data for original data, like an original recording (see also: Master Tape). Master data is nothing but unique data, i.e., there are no duplicate values.
Material Master Data is a specific data set holding structured information about spare parts, raw materials and products within Enterprise Resource Planning (ERP) software. The data is held centrally and used across organisations.
Vendor Master refers to the centralised location of information pertinent to the Vendor. Often this will include the Legal entity name, Tax identification and contact information.
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