The Material Master contains all of the key information a company needs to manage a material within its organization. The material master defines among other things, how a product is sold, manufactured, purchased, inventoried, accounted, and costed. The information in the material master is grouped into views that are organized by business function.
Note: The majority of the views in a material master are at plant level.
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ReplyDeleteMaterial master record seems and appropriate module but to which ERP does it belong as the material management is one of the component of ERP.
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Enterprise resource planning (ERP) software is a tool that centralizes data and integrates business processes from different aspects of a company. This software can contain features such as financial management, customer relationship management (CRM) and business intelligence (BI) tools.
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Cloud ERP is the future of ERP systems that has been there for decades now.
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