What are the different types of master data in SAP?

Types of Master Data in SAP:

Master data in SAP refers to the core data that is essential to run a business. There are several types of master data in SAP, including but not limited to:

• Customer Master Data: Contains information about customers, such as name, address, contact details, and payment terms.
• Vendor Master Data: Includes data related to vendors, such as name, address, contact information, and payment terms.
• Material Master Data: Stores information about materials or products, such as description, unit of measure, price, and inventory levels.
• Employee Master Data: Contains details about employees, including personal information, employment history, and organizational details.
• Bank Master Data: Includes information about banks, such as bank name, account number, and payment methods.

It is essential to maintain accurate and up-to-date master data in SAP to ensure smooth business operations and decision-making processes.