What is master conditions in SAP MM - Materials Management?

SAP Term: master conditions

• Component: MM

• Component Name: Materials Management

• Description: The conditions that are of key importance with regard to purchase orders. The master conditions are the basis on which the system computes the effective price. Refer to time-dependent conditions.

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• Key Concepts: 
  Master conditions are a feature of SAP Materials Management (MM) that allow users to create and store standard conditions for use in purchasing documents. These conditions can be used to define the terms of a purchase, such as the price, delivery date, payment terms, and more. Master conditions are stored in the system and can be reused for multiple purchases. 
  
  How to Use It: 
  To use master conditions, users must first create them in the system. This is done by entering the relevant information into the master condition record. Once created, the master condition can be used in purchasing documents. The user simply selects the master condition from a list of available options and it will be applied to the document. 
  
  Tips & Tricks: 
  When creating master conditions, it is important to ensure that all relevant information is included. This will help to ensure that the correct terms are applied to each purchase. Additionally, it is important to keep track of which master conditions have been used in which documents. This will help to avoid any confusion or discrepancies when reviewing purchase documents. 
  
  Related Information: 
  For more information on master conditions in SAP Materials Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/6b94445c94ae495c83a19646e7c3fd56/7.5.3/en-US/f8d2f9f8d2f9f8d2f9f8d2f9f8d2f9f8d2f9f8d2f9f8d2f9f8d2f9f8d2f9f8d2f9f8d2f9f8d2f9.html