Master Data in SAP MM

Following are the master data available in the SAP MM:-

1. Material Master
2. Vendor Master
3. Info Records
4. Source List
5. Quota Arrangement

Material Master - The material master contains information on all the materials that the company procure or produce, stores, and sells. It is the company's central source of retrieving material-specific data. This information is stored in the individual material master records.

Vendor Master - Vendor master contains information about the vendor who supply materials and services to an enterprise. This information is stored in individual vendor master records. A vendor master record contains Vendor Name, address as well as order currency, payment terms and names of the important contact person.

Info Record - It is also known as Purchasing Information Record. It contains information a specific material and vendor supplying the material as a master data at purchasing organization or plant level.

Type of Info Record - Standard, Subcontracting, Consignment and Pipeline

Source List - Source list is used in the administration source of supply. It specifies the allowed  (or disallowed) sources of a material for a certain plant within a predefined period. Each source is defined by means of a source list record.

Quota Arrangement - It is a mechanism for determining the source of supply to which material requirements is assigned. It enables you to determine which is the valid source for the procurement of the material covered by a purchase requisition at any given time. Setting quotas allow you to automatically apportion the total requirement of material over a period among a number of different sources of supply.