What is Vendor Master Data?

Vendor master data comprises all relevant information about goods and services sources. The vendor master data  usually includes procurement history, contract records, inventory data, supply categories and other important information about vendors and suppliers.

Vendor or supplier master data integrate with an enterprise’s ERP system, accounts payable and other backend systems, reducing the time and effort involved in gathering vendor records.

Related Terms

What is Vendor Management?What is Vendor Portals?