We will Slowly move into the technical areas on SAP Rather than just having a look at the Generic Details about SAP. Now a Days there are some specialized modules available in SAP ERP to tackle the Specific Requirements of certain industries. We will First look at the MM(Material Management) Module in SAP. It is one of the biggest module in SAP.
This module mainly deals with the Procurement Process, Master Data (Material & Vendor Master), Inventory Management, Valuation of Material & Account Determination, Material Requirement Planning, Invoice Verification etc. This module is highly integrated with several modules in SAP.
SAP MM (Material Management) one the biggest functional module in SAP ERP. This module mainly deals with the Procurement Process, Master Data (Material & Vendor Master), Inventory Management, Valuation of Material & Account Determination, Material Requirement Planning, Invoice Verification etc. This module is highly integrated with several modules in SAP.
SAP Materials management (MM) covers all tasks within the supply chain, including consumption-based planning, planning, vendor evaluation and invoice verification. It also includes Inventory and Warehouse management to manage stock until usage dictates the cycle should begin again. Electronic Kan-ban/Just-in-Time delivery is supported.
Normal procurement process has the following steps:
- Determination of requirement
- Determination of source of supply
- Vendor selection
- Purchase order creation
- Purchase order monitoring
- Goods receipt
- Invoice verification
Valuable information thanks for sharing Shruthi
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