Diffreence Between Master Data and Transcation Data

[Former Member]

Hello Friends,

What is the Difference Between Master Data and Transcation Data.

i know only one differnece,,ie,,

Transcation data modified frequently and Master data are not modified frequently..

can any one tell the other difference..

[Former Member]

hi check this..

MASTER DATA=>

Master data are distributed throughout the company, they are often not standardised and often redundant. As a result it is very costly to offer efficient customer service, keep track of supply chains and make strategic decisions. With SAP Master Data Management (SAP MDM) these important business data from across the company can be brought together, harmonised and made accessible to all staff and business partners. As a key component of SAP NetWeaver, SAP MDM ensures data integrity via all IT systems.

Regardless of the industry, companies often work with different ERP and Legacy systems. The result: the business processes are based on information about customers, partners and products which is displayed in different ways in the systems. If the data are recorded manually, there are more inconsistencies: some data sets are entered several times, others cannot be retrieved by all divisions of the company.

As corporate applications are becoming increasingly complex and produce ever greater amounts of data, the problem is intensified further. Nevertheless, your employees must work with the inconsistent data and make decisions on this basis. The lack of standardised master data easily leads to wrong decisions, which restrict efficiency and threaten customer satisfaction and profitability.

In a word: in order to save costs and ensure your company’s success it is necessary to consolidate master data about customers, partners and products, make them available to all employees beyond system boundaries and use attributes valid company-wide for the purpose of description.

TRANSACTION DATA=>

http://help.sap.com/saphelp_nw2004s/helpdata/en/9d/193e4045796913e10000000a1550b0/content.htm

regards,

venkat

[Former Member]

Hi Frd

Master Data : Master data is data that remains unchanged over a period of time. It contains information that is always needed in the same way. For example, all personal attributes can be stored in various SAP standard infotypes as records with specific validity which are called Master data.

Transcation Data : Data relating to the day-to-day transactions.

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Pari

[ak_upadhyay]

Hi,

Meta Data: Data that describes the structure of data or MetaObjects is called Metadata. In other words data about data is known as Meta Data.

Master Data: Master data is data that remains unchanged over a long period of time. It contains information that is always needed in the same way. Characteristics can bear master data in BW. With master data you are dealing with attributes, texts or hierarchies.

Transaction data: Data relating to the day-to-day transactions is the Transaction data.

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Regards

AK

[Former Member]

Hi,

Master data

Master data is the data without which you cannot do any transactions and is mandatory for every organization. It describes the things that interact when a transaction occurs. For instance, master data that represents product and customer must be present before the transaction is fired to sell a product to a customer.

Transaction data

These are the business documents that you create using the master data like purchase orders, sales orders etc. Transactional Data can change very often and are not constant. And this data is created/modified out of an application transaction.

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Regards,

Swetha.

[prasanth_kasturi]

hi,

Master Data : Master data is data that remains unchanged over a period of time. It contains information that is always needed in the same way. For example, all personal attributes can be stored in various SAP standard infotypes as records with specific validity which are called Master data.

Transcation Data : Data relating to the day-to-day transactions.

regards

prasanth

[Former Member]

Hi ,

Master data

Master data is the data without which you update very rarely . . For instance, master data that represents product and customer must be present before the transaction is fired to sell a product to a customer.

Transaction data

These are the business documents that you create using the master data like purchase orders, sales orders etc. Transactional Data can change very often and are not constant. And this data is created/modified out of an application transaction.

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Regards,

[former_member192895]

In simple terms,

Master Data: Data that can not be changed periodically or which remain constant through out.

For eg - Employee Name , Date of Birth , Gender , Nationality etc.

Transactional Data: As name signifies transactional based.Means the data change frequently based on the transactions performed.Eg Payroll realted data.

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