What are the types of master data?
- People: Customers, prospects, employees, members, healthcare providers, vendors, supplier data, and other parties important to your business.
- Product: Product master data includes finished goods, assets, parts, and materials. Assets can be tangible such as equipment, buildings, devices, and intangible such as patents, trademarks, contracts, and other product data.
- Places: Locations of stores, warehouses, factories, delivery points, or other sites.
- Financial and Organizational Master Data: Business units, profit centers, organizational structure, financial regulations, and other related information used in reporting and modeling.
- Reference Data: Slow-moving subset of master data used to classify other data. Reference data has a set of permissible values to be used by other data fields, such as country codes, SIC codes, currencies, measurement units, or financial hierarchies. See Reference Data Management for more information.