How does master data differ from transaction data?
What is master data?
The statistical master data does not change over long periods of time. They contain information such as:
- Article descriptions
- Information about loading equipment
- Value of goods
- Employees
- Inventory
- Customers
Particularly the article master data is of great importance in logistics, as it contains information that is required for most warehouse functions.
What is transaction data?
With movement data, it is possible to create an image of the situations of transports and warehousing over time. This data includes, for example:
- Stock mirror
- Current stock
- Closed and open orders
- Number of pallets in goods receipt or goods issue
- Invoices
To make confident decisions, as much current transaction data as possible should be collected.
What is the difference between master data and transaction data?
The transaction data changes continuously, whereas the master data (almost) always remains constant. The transaction data is based on the master data. Therefore, the master data is always stored for the long term. Transaction data, on the other hand, has only limited temporal relevance, which is why it is not held for the long term.
