What master data is in an ERP system?

Master data in an ERP system is the core data used to run the business and the foundation for various business processes. It plays an important role in gathering and storing the data that underpins the business so it can be used across operations. It also helps the ERP system work efficiently, as follows.

1. Customer Data

Information about customers, such as name, address, phone number, email, purchase history, and contact details.

2. Vendor Data

Information about purchasers or product manufacturers, such as name, address, contact details, and payment terms.

3. Employee Data

Information about employees within the organisation, such as name, position, department, salary, and work history.

4. Material and Product Data

Information about the raw materials used to produce goods, or the goods being sold, such as product code, product details, price, and quantity on hand.

5. Accounting Data

Information about the organisation’s finances, such as account entries, financial reports, payable accounts, and payroll accounting.

6. Production Data

Information about the product manufacturing process, such as the list of raw materials used, production planning, and production status.

7. Inventory Management Data

Information about warehouse management, such as the list of items in stock, stock levels, and storage of goods.

8. Logistics Data

Information about the goods transport process, such as shipping data, delivery details, and shipment tracking.

Therefore, managing master data so that it is accurate and complete is essential to helping the ERP system work efficiently and effectively support the business in the digital age.