Supplier master data is the controlled set of core records used to identify and transact with a supplier, such as legal name, addresses, tax identifiers, bank details, status, categories, contacts, and purchasing or payment attributes. Ownership, verification, access, change approval, synchronization, duplication controls, retention, and ERP authority must be explicitly designed.
In plain English
It is the governed core information that systems use to recognize and transact with a supplier.
Illustrative example
At Northstar Industrial Systems, an approved legal-name and remittance-address change follows verification and dual review before the agreed ERP master record is updated.
- Related terms
- Supplier onboarding; Master data; ERP integration; Segregation of duties
- Lifecycle stages
- Approve; Integrate; Execute
- Stakeholders
- Procurement; Finance; IT and Security; Supplier