What is the primary function of a Product Master in supply chain management?

The primary function of a Product Master in supply chain management is to serve as a comprehensive record for product data across multiple dimensions. This includes critical information such as product specifications, pricing, vendor details, and inventory levels, among others. By consolidating all relevant product data in one centralized location, the Product Master enables companies to ensure accuracy in their product-related decisions, streamline operations, and enhance coordination across various departments, such as procurement, sales, and inventory management.

Having a complete view of product information allows organizations to improve their planning processes, optimize inventory management, and respond more effectively to market demands. The Product Master acts as a single source of truth for all product-related information, facilitating better communication and collaboration among teams. Overall, its comprehensive nature is key to effective supply chain management and operational efficiency.