The Business Benefits of Material Master Data Management (MMDM)
A 14-page white paper by Zynapse on how to achieve lower material costs and optimized inventory using Material Master Data Management

Master data is the core reference data that describes the fundamental dimensions of business—customer, material, vendor, chart of accounts etc. Master Data Management (MDM) is a comprehensive strategy to determine and build a single, accurate and authoritative source of truth of a company’s information assets and deliver this on demand as a service. Master data is an important enterprise asset, and effective MDM is critical to maintain good operational and financial health.

The material master database (often referred to simply as the "material master", comprising all the individual material master records stored in the system) contains descriptions of all materials that an enterprise procures, produces, and keeps in stock. It is the central repository of information on materials (such as inventory levels) for the enterprise.