Vendor Master Data
Before you begin configuration of vendor master data, it is necessary to have a strategy. You should know ahead of time how you would like to use your vendor master data and how you will convert vendors from your legacy system, as well as the integration points that vendor master data has with MM, Treasury, and A/R. Much like the G/L, vendor master data is a combination of configuration and master data maintenance.
A key concept in the configuration of vendor master data is vendor groups. Vendor groups allow you to have separate purposes and field statuses for different types of vendors. For example, you could have a group for regular vendors, a group for 1099 vendors, and a group for one-time vendors. By separating these different ...
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