Silver Touch Technologies SAP Fico Consultant Interview Questions and Answers

Material master data is a central repository that stores all information about materials used in a company's production process.

• Contains information like material description, unit of measure, price, vendor details, etc.

• Helps in managing inventory, procurement, production planning, and other related processes.

• Used in SAP MM module to track and control materials within the organization.

Vendor master data is information about vendors stored in the system for procurement purposes.

• Contains details such as vendor name, address, contact information, payment terms, etc.

• Used in procurement processes to facilitate communication and transactions with vendors.

• Helps in maintaining accurate records of vendor interactions and transactions.

• Can include information on vendor performance, certifications, and complian...read more