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SAP MM - Master data

There are two types of data in SAP : 1. Master data 2. Transaction data Master data : It is a kind of data that doesn't change regularly i.e., static in nature For example: if you require a bank account, we are required to fill some kind of application form where our personal details are given like name, email address, etc... this is called master data Transactional data : Master data is the basis for transactional data. Transactional data changes regularly. For example: based on the application bank account number is generated by the bank which will be used for performing transactions. Master Data : There are different types of master data in MM : 1. Vendor Master data 2. Material master data 3. Purchase info records 4. Source list 5. Quota arrangement 6. Service Master data... There are other master data as well like Output, conditions, etc which are used during transactional data processing Master data is created through an easy access screen and is non-transportable. It is requ...