M Master record A data file which contains information on one thing. FIS goes to master records to get information to complete documents , thus eliminating unnecessary data entry. Material Good or service which is bought, sold, or tracked in FIS .
All materials have a material master record, and a material number .
Material group Materials with the same features are categorized together into material groups. This facilitates reporting, information retrieval, and control options. A data file containing information on one specific physical product, or service. Each material master record is identified by a unique material number . This speeds data entry and reduces data entry errors.