What is vendor master data in SAP?

What is vendor master data in SAP?

The vendor master database contains information about the vendors that supply an enterprise. This information is stored in individual vendor master records. A vendor master record contains the vendor’s name and address, as well as data such as: The currency used for ordering from the vendor.

How do I find vendor master data?

If you want to display only that vendor master data required by the accounting department, proceed as follows:

  1. Choose Master records Display .
  2. The system displays the initial screen for entering a vendor master record.
  3. Enter the vendor account number and the company code.
  4. A vendor master record spans several screens.

What is a vendor master data?

Vendor master data comprises all relevant information about goods and services sources. The vendor master data usually includes procurement history, contract records, inventory data, supply categories and other important information about vendors and suppliers.

What is vendor master record in SAP MM?

Vendor Master Data is the enterprise main source of vendor-specific data. It includes information on vendors from which a company can procure, or can sell. A vendor master record contains information such as vendor’s name, address, etc.

What is master data object in SAP?

Master data contains the main detailed objects in SAP Production Planning module. Master data contains the key properties of these objects such as production order, material type, planning requirements, goods issue, and goods receipt.

What does a vendor master do?

Vendor data drives every P2P transaction and facilitates a wide range of critical operational and compliance activities from accurate financial withholding to spend analysis to company-wide reporting. …

What is purchasing master data?

Purchase master data includes mandatory and optional master data functions and features. The mandatory data is required to carry out the procurement procedures. The optional data can be specified for specific use in several procurement processes.

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