What is application in SAP MDM - SAP NetWeaver Master Data Management?

SAP Term: application

• Component: MDM

• Component Name: SAP NetWeaver Master Data Management

• Description: A particular use of a product. In certain industries, such as automative parts, application-driven product selection is the traditional way to locate products. &EXAMPLE& A single part may "apply" to a variety of makes, models, and years of vehicles.

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• Key Concepts: 
  SAP NetWeaver Master Data Management (MDM) is an application component of the SAP NetWeaver platform. It is used to manage master data, which is the core data that is used to define business processes and operations. This includes customer, product, and supplier information. MDM provides a single source of truth for master data, allowing organizations to have a consistent view of their data across all systems. 
  
  How to use it: 
  MDM can be used to create, store, and manage master data. It can also be used to synchronize master data across multiple systems, ensuring that all systems have the same view of the data. Additionally, MDM can be used to create reports and dashboards that provide insights into the master data. 
  
  Tips & Tricks: 
  When using MDM, it is important to ensure that all master data is accurate and up-to-date. This can be done by regularly reviewing and updating the master data as needed. Additionally, it is important to ensure that all systems are synchronized with the same version of the master data. 
  
  Related Information: 
  For more information on SAP NetWeaver Master Data Management, please visit the SAP website at https://www.sap.com/products/netweaver/mdm.html.