What is material master in SAP LO-MD - Logistics Basic Data?

SAP Term: material master

• Component: LO-MD

• Component Name: Logistics Basic Data

• Description: The total of all material master records. A company manages the data on all its materials in the material master.

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• Key Concepts: 
  The material master is a component of the LO-MD Logistics Basic Data module in SAP. It is a central repository of information about a company’s materials and services. The material master contains data such as material descriptions, unit of measure, weight, volume, and pricing information. It also stores information about the material’s availability, lead times, and supplier information. 
  
  How to use it: 
  The material master is used to store and manage all the data related to a company’s materials and services. This data can be used to create purchase orders, sales orders, and other documents related to the materials and services. The material master also allows users to track inventory levels and availability of materials. 
  
  Tips & Tricks: 
  When creating a new material master record, it is important to ensure that all the necessary data is entered accurately. This will help ensure that the data is up-to-date and accurate when creating purchase orders or other documents related to the material. Additionally, it is important to keep the material master up-to-date with any changes in pricing or availability of materials. 
  
  Related Information: 
  The material master is closely related to other components of the LO-MD Logistics Basic Data module such as vendor master, customer master, and plant master. These components are used to store data related to vendors, customers, and plants respectively. Additionally, the material master can be used in conjunction with other modules such as Sales & Distribution (SD) and Production Planning (PP) for more advanced functionality.