Master Vs Reference Data

By | October 24, 2014

Master Data – the fixed information needed to perform business operations. Master data carries data relevant to a business entity (such as customers, vendors, inventory, etc.) that is valid over a period of time.

Reference Data – lists of information that are used to restrict the contents of other types of data; for example, a list of valid country codes that is used as a lookup table to restrict entries for the customer “country of origin” field

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