What is the difference between master data and transaction data?
What is master data?
The statistical master data does not change over long periods of time. It contains information such as:
- Item descriptions
- Information about loading aids
- Value of goods
- Employees
- Inventory
- Customers
Item master data is particularly important in logistics, as it contains information that is required for most warehouse functions.
What is dynamic data?
Dynamic data can be used to create an image of transportation and storage situations over time. This data includes, for example
- Storage status report
- Current stock
- Closed and open orders
- Number of pallets in incoming or outgoing goods
- Invoices
In order to be able to make reliable decisions, as much current dynamic data as possible should be collected.
What is the difference between master data and dynamic data?
The dynamic data changes continuously, whereas the master data (almost) always remains constant. The dynamic data is based on the master data. Master data is therefore always stored long-term. Dynamic data, on the other hand, only has limited temporal relevance, which is why it is not held for the long term.
