Material Master Creation - FERT | SAP MM Training | Material Master Data in SAP MM | SAP | Uplatz
https://training.uplatz.com/online-it... this SAP MM session by Uplatz, you will learn about the creation of material master FERT in SAP.
Before we discuss Master Data in SAP MM, let us discuss type of Data in SAP.
SAP R/3 works on real-time data i.e. it makes sure that there is no time lag between data availability and data storage.
Data stored in SAP R/3 is categorized as:
Material group: A material group is a wider term for a material type. Materials with some common attributes are grouped together and are assigned a material group. Let’s take an example of a finished product (material type), TV. Then the material group can be used to categorize them as Plasma TV, color TV, etc.
Number Range: When a material master record is created, a unique number is assigned to the material, known as material number.
The following are the two ways to assign a material number.
External number assignment: When a material number is assigned manually while creating a material.
Internal number assignment: The system automatically assigns the material number while creating a material.
Internal number assignment is known as Number range.
Vendor Master Data
A vendor is the one who provides goods/ services to a company. Vendor master data is the central source of information of the vendors from an enterprise can procure. It contains information such as name, address, the currency for the transaction, payment terms, tax details, etc.
Data in a vendor master record is categorized into:
General Data − It is maintained at the client level and is valid at all organizational levels.
Accounting Data − It is maintained at the company level and is valid for all plants belonging to that company.
Purchasing Data − It is maintained at the purchasing organization level.
Characteristics of vendor master data are:
Account group: Vendors having some common attributes are grouped together and are assigned an account group.
Number range: When a vendor master record is created, a unique number is assigned to the vendor, known as vendor number. A vendor number is assigned to a vendor as in the case of the material number i.e. external number assignment and internal num
Master data: Data that is created centrally and is the core used as base data for any transaction is called Master Data in SAP. For example, Material and Vendor are types of master data.
Transactional data: Data that is related to business transactional processes.
Types of Master Data
Material Master data
Vendor Master data
Material Master Data
Materials in SAP are a logistic representation of certain goods/services that is an object of production, sales, inventory management, etc. Material master data is the central source of information on the material that an enterprise can procure, produce or sell.
Characteristics of material master data are:
Material types: Materials having some basic common attributes are grouped together and are assigned a material type. Most common material types are:
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