Master Data Overview
Introduction
Master data forms the foundation of your Forwarding Management System (FMS) operations. It includes essential, relatively static information about the entities you interact with and the goods you handle. Maintaining accurate and complete master data is crucial for efficient processing, correct rating, and meaningful reporting.
This section covers the key master data types used within FMS.
Key Master Data Areas
Explore the links below to learn how to set up and manage specific types of master data:
- Parties: Information about the companies and individuals involved in your forwarding activities.
- Contacts, Customers, and Vendors: Manage core business partners, including their specific roles (customer, vendor) and contact persons.
- Addresses: Maintain various address types (e.g., pickup, delivery, billing) associated with parties or locations.
- Goods: Define the types of goods or commodities you handle, potentially including details relevant for transport or customs (e.g., descriptions, commodity codes, hazardous material information).
- Equipment Master: Manage details about transportation equipment, such as containers, trailers, or other assets, linking them to standard types like Container Sizes.
- Clauses, Handling Instructions, and Remarks: Set up predefined text blocks for standard clauses, specific handling requirements, or common remarks to be used on documents or internal notes.
Importance of Master Data
Well-maintained master data ensures:
- Efficiency: Reduces manual data entry on documents.
- Accuracy: Ensures correct party details, addresses, and item descriptions are used.
- Consistency: Standardizes information across your operations.
- Reliable Reporting: Provides accurate dimensions for analysis.
See Also
Forwarding Management System (FMS) Overview Forwarding Setup