local file and master file requirements

In the context of general knowledge management, a local file is a document or resource stored on a specific device, accessible only to that device or its users. It typically contains detailed information relevant to immediate tasks. A master file, on the other hand, is a centralized database or document that provides an authoritative reference for an organization, encompassing global data or policies. Master files ensure consistency and accuracy across operations, while local files support day-to-day activities. Together, they facilitate effective information management and decision-making within an organization.