Product data management within an ERP system is the process of managing product-related data within the ERP application. This data may include product descriptions, product codes, product prices, supplier information, and more.
ERP systems typically have a central repository for product data, which can be accessed and updated by authorized users. This data is then used by other modules within the ERP system, such as the inventory management module, to perform various tasks.
Product data management is a critical part of any ERP system, as it ensures that accurate and up-to-date product information is available to all users who need it. Inaccurate or outdated product data can lead to problems with inventory levels, customer orders, and other areas of the business.