In this SAP MM blog article, you will find different aspects of the SAP MM Module, such as its functionalities and operations, as well as different components and subcomponents including master data, purchasing, billing, human resource management, and inventory management.
In this SAP MM blog article, I will cover these topics which are given below :
- What is SAP MM Module?
- Features of SAP MM Module
- Advantages of SAP MM Module
- Procurement Process
- Types of Procurement
- Basic Procurement
- Special Procurement
- Structure of an Organization
- SAP R/3
- Procurement Cycle
- Inventory Management
We will begin this SAP MM blog article by learning the SAP MM Module. SAP MM Module is an integral part of the SAP ERP Software. SAP Material Management is used by various companies to handle their purchasing and transactional data as it is both cost and time-efficient. SAP Material Management belongs to the logistic function which helps the industry from procurement to delivery of products. SAP MM Module consists of various units to handle material procurement and vendors, inspect the material condition and quality, as well as payment of the vendors. What is SAP Business Process in SAP MM Module? SAP Business Process is an integral part of the SAP MM Module. It handles the sales, Manufacturing, Distribution, Unit Maintenance, Planning, and Warehouse Management of a company. It helps manage the Inventory and Human Resources of a company.
Features of SAP MM Module
Some of the key features of SAP MM Module are as follows: It deals with Inventory Management and Material Management. It is a process that keeps in check the scarcity or violation in the Supply Chain of a company. It Manages Procurement activities. To accelerate productivity and cut the cost, it manages Material (products/services) and resources of a company. It handles Master Data, Valuation of Material, Material Requirement, Invoice Verification, etc.
Advantages of SAP MM Module
- It minimizes the cost of operations.
- It reduces inventory losses by removing unnecessary or obsolete material.
Procurement Process In SAP MM Module
This article will certainly help you to understand about the Procurement Process in an SAP MM module. This SAP MM blog article will show the various kinds of Procurement Process.
Every company requires material or service to satisfy their requirements, and thus, they purchase them. This procedure is referred to as procurement.