Master data and transaction data

[Former Member]

Hi,

I want to know what is master data and what it transaction data in detailed

Regards

Suman

[Former Member]

HI,

""Master data is the data without which you cannot do any transactions and is mandatory for every organization. It describes the things that interact when a transaction occurs. For instance, master data that represents product and customer must be present before the transaction is fired to sell a product to a customer.

""Transaction data

These are the business documents that you create using the master data like purchase orders, sales orders etc. Transactional Data can change very often and are not constant. And this data is created/modified out of an application transaction.

Regards.

[Former Member]

Hi,

Can u please tel me an example abot the Master data

and can u please differenciate both os those with single example in real time

Regards

Suman

Edited by: Suman gupta on Feb 29, 2008 7:16 AM

[Former Member]

HI

master data :data which is seldomly changed.

example is data which is there in address like name ,address and telephone number.

transaction data : this data will change frequently .example is goods in ware house data which change after every purchase order.

[Former Member]

MASTER DATA

Master data are distributed throughout the company, they are often not standardised and often redundant. As a result it is very costly to offer efficient customer service, keep track of supply chains and make strategic decisions. With SAP Master Data Management (SAP MDM) these important business data from across the company can be brought together, harmonised and made accessible to all staff and business partners. As a key component of SAP NetWeaver, SAP MDM ensures data integrity via all IT systems.

Regardless of the industry, companies often work with different ERP and Legacy systems. The result: the business processes are based on information about customers, partners and products which is displayed in different ways in the systems. If the data are recorded manually, there are more inconsistencies: some data sets are entered several times, others cannot be retrieved by all divisions of the company.

As corporate applications are becoming increasingly complex and produce ever greater amounts of data, the problem is intensified further. Nevertheless, your employees must work with the inconsistent data and make decisions on this basis. The lack of standardised master data easily leads to wrong decisions, which restrict efficiency and threaten customer satisfaction and profitability.

In a word: in order to save costs and ensure your company’s success it is necessary to consolidate master data about customers, partners and products, make them available to all employees beyond system boundaries and use attributes valid company-wide for the purpose of description.

TRANSACTION DATA

http://help.sap.com/saphelp_nw2004s/helpdata/en/9d/193e4045796913e10000000a1550b0/content.htm

Regards,

[Former Member]

Master Data is the data which will describe the type of object, like name, description, cost, length and dimensions of the object...

It is a one time data...

for example - if there is material X. The description of X, attributes like what type of material, is it a finished goods , prices...

Transactional Data - The data which changes frequently...

for ex.. the material's daily production details, daily transactions, getting of materials,

Hope you got the idea

[Former Member]

Hi Suman,

Master data is data which is frequently read, but rarely updated like : Name, Address -InfoObject.

Transaction data is data which is frequently updated like: sales quantity ( anything that goes into infocube Fact table are Tran Data)

In detail...

Master data is something that doesnot change Immediately. But your transaction data does. If you have a Product, Location, Capacity(resource in ECC0, they donot change over some time. You can load them and then work with transaction data. Like sales orders, planned orders etc.

see glossary for more details:

Master data: http://help.sap.com/saphelp_nw04s/helpdata/en/35/2cd77bd7705394e10000009b387c12/frameset.htm

Transaction data which will be used as daily basis like banking data.

Transaction data:

http://help.sap.com/saphelp_nw04s/helpdata/en/35/2cd77bd7705394e10000009b387c12/frameset.htm

Reward if useful.

Regards,

Harish

[Former Member]

Mater Data remains uncahged for a period of time like...client handling banking applicatiaon ..in tht process the address, account number of banking customers is master data.

Transactional data is the data which is changed wthin short perid of time.

Application Data is the data which the SAP needs for itself.

Reward if useful