Different kinds of product data may be divided into the schemas. Product pricing is usually a subject mainly belonging to the ERP side of things. But how to connect the dots and take things to next level, this write-up throws light on Product Master data Management.
When talking about Product Master Data Management (Product MDM) Product Information Management (PIM) I like to divide the different kinds of product data into the schema below:
Level 1, Basic Data
At the first level, we find the basic product data that typically is the minimum required for creating a product in any system of record.
Here we find the primary product identification number or code that is the internal key to all other product data structures and transactions related to the product within an organization.
Then there usually is a short product description. This description helps internal employees identifying a product and distinguishing that product from other products. Most often the product is named in the official language of the company.
If an upstream trading partner produces the product, we may find the identification of that supplier here too. If the product is part of internal production, we may…
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