Glossary

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Ma Me Mi Mo

Master Agreement

In business, the master agreement is a contract that deals with the future conclusion of many similar individual contracts that relate to the master agreement. It only regulates the framework conditions of a legal relationship, which must be specified in later individual contracts.

Master Data

Article master data – this consists of basic data for identifying articles (Global Trade Item Number, GTIN) and suppliers (Global Location Number, GLN) and other article information such as size, weight of the product or type of packaging.