My comment
There are three main domains to be considered for Master Data Management: Party, Location and Thing.
Party is any natural person or legal entity that is relevant for your business. Depending on your industry, you may also want to consider Household as a sub-domain of Party. A party can take multiple roles e.g. be a customer and/or a supplier and/or an employee and/or a subcontractor.
Location is a physical or virtual place that is relevant for your business. Traditional examples are Postal Address, Phone Number. With the raise of social media / alternative ways of communication, you may want to consider e.g. Twitter Handle, LinkedIn Account, Skype Id as (virtual) locations.
Thing is any tangible or non-tangible object that is relevant for your business. As opposed to Party and Location, the range of sub-domains for Thing will vary from industry to industry. Typical examples are Product, Service, Material, Item, Part, Store, Machine, Tool.
Party is any natural person or legal entity that is relevant for your business. Depending on your industry, you may also want to consider Household as a sub-domain of Party. A party can take multiple roles e.g. be a customer and/or a supplier and/or an employee and/or a subcontractor.
Location is a physical or virtual place that is relevant for your business. Traditional examples are Postal Address, Phone Number. With the raise of social media / alternative ways of communication, you may want to consider e.g. Twitter Handle, LinkedIn Account, Skype Id as (virtual) locations.
Thing is any tangible or non-tangible object that is relevant for your business. As opposed to Party and Location, the range of sub-domains for Thing will vary from industry to industry. Typical examples are Product, Service, Material, Item, Part, Store, Machine, Tool.
