What is SAP MM? | SAP Material Management Module
SAP ERP (Enterprise Resource Planning) software contains various modules out of which one module is SAP MM i.e. System, applications, and products in data processing – Material Management. In Day to day business operations, the procurement and inventory functions occurred and that will be supported by the MM application module. SAP MM module contains many facets such as material storage, good getting, purchasing, consumption-based planning, and inventory. SAP MM module integrates with other modules in the SAP R/3 System such as Sales and Distribution (SD), Finance (FI), Controlling (CO), Production Planning (PP), Warehouse Management (WM), Plant Maintenance (PM), and Quality Management (QM).
It supports all phases of materials management like materials planning and control, buying, items getting, inventory mgt, and verification of invoices. There are various sub-modules of SAP MM which we have provided below for your easiness. Check Out!!!
SAP MM Sub Modules
- Material Planning
- Stock Management
- Vendor Valuation
- Invoice Verification
- Statutory Requirements
- Procurement Process
- Assessment location
- Storage locations
- Buying organizations
- Purchasing groups
One of the most essential processes in the SAP MM Module is Procurement/Purchasing. When there is a requirement of material/service of the company, the purchasing process is first started. If Service or material may not be obtained from the internal resource of business then the liable individual of that particular organization has to discover a vendor/supplier that can provide it on a necessary date. Purchasing procedure starts the PR (purchase requisition) production, PO (Purchase order), invoice verification, Good Receipt/Services, and Payment to vendors.
SAP MM Module helps to manage end-to-end logistics and procurement business processes. MM module features are purchase orders, goods receipt accounts payable, BOM’s, requisitions, completed goods, master raw material, inventory management, etc.
For the purchase of goods or services, the SAP MM module Requisitions is a document created and further, it is sent out to the procurement office for order issuance. In the SAP MM module, Appropriations surpassing specific quantities require the confirmation of the vendor. There are two means of placing requisition either with SAP GUI or SAP web.
Order is the legal document released as a promise to the vendor to supply discussed material in the specified quantity together with shipping details and needs. Licensed vendors list display while creating purchase order as per organization material and plant.
Guys, this is all about SAP Material Management Module hope you understand. The demand for SAP MM is increasing day by day therefore many people have decided to get SAP MM online training from the reputed institute. There are various institutes in Delhi NCR that offer SAP MM courses and also have a partnership with SAP Company. Attend demo session for SAP MM training in Noida / SAP MM training in Delhi and after that make your decision.