+44 2081234444
by Best Online Career |November 22, 2021
SAP ERP software comprises several modules out of which one module is SAP MM i.e., applications, systems, and products in data processing – Material Management. In daily business activities the procurement and inventory functions happened and that will be supported by the MM application module. SAP MM module covers numerous aspects such as material storage, consumption-based planning, purchasing, and inventory. SAP Material Management Module combines with different modules in the SAP R/3 System such as Finance (FI), Controlling (CO), Sales and Distribution (SD), Production Planning (PP), Warehouse Management (WM),Plant Maintenance (PM), and Quality Management (QM).
SAP MM is a part of SAP ECC’s logistics functions which contains various components and sub-components. The most leading and extensively used components are Master Data, Inventory, and Purchasing.
All of these elements have sub-elements that are crucial in particular industry processes, and all of the processes are performed by using transactions in the SAP MM process flow.
SАР is оne оf the wоrld's lаrgest sоftwаre develорment businesses, рrоviding sоme оf the mоst innоvаtive enterрrise sоftwаre sоlutiоns. It wаs fоunded by а grоuр оf five IBM engineers in Germаny. Thоusаnds оf соmраnies thrоughоut the wоrld аre сurrently emрlоying SАР sоlutiоns due tо the wide rаnge оf benefits they рrоvide. In fасt ,
What is Master Data?
Master data is the kernel data that is utilized as a basis for any transaction.
If you are Manufacturing, shifting stock, selling, purchasing, managing physical inventory, whatever your exercise may be, it needs certain master data to be maintained.
Example of Master Data
Purchasing is an element of the SAP MM module, and its process is as follow:
MRP > Purchase requisition > Assign Source to PR > Release PR > Covert PR to PO > Goods Receipts > Invoice Receipt
MRP (material resource planning) creates a procurement program and later gets turned into Purchase Requisition. The following step is assigning a source to Purchase Requisition, and release of Purchase Requisition. The Purchase Requisition turned to Purchase Order, on goods receipt, an invoice receipt can be done to finish the purchasing process. Additionally, payment is processed (in the FI module).Inventory management is related to maintaining the inventory of the goods. It is based on various essential processes like
There are several functions and transactions used in Inventory management.
Inventory management in SAP is an essential element of the SAP MM. It is shortly represented as MM-IM. It deals with the administration of stocks and goods movement.
The pricing system in the SAP MM Material Management Module is a way to determine prices in purchasing certificates. It provides us the functionality to assign other calculation types for various needs. Defining a pricing method can be done by building an access sequence, and assigning it to condition types. Access sequence depicts the system where to look for the condition values.
Consumer interests are changing rapidly, an organization’s effectiveness is measured fundamentally by its capacity to cater to the market requirements in the lowest time possible. For this, the company has to have stock of the needed raw materials at the proper time and must be capable to manage them efficiently. A precise Material Management process assures that there is never a lack of materials or any holes in the supply chain process of the business. The SAP MM automates the procurement and material management exercises to get the processes more constant and efficient. Some outstanding advantages of SAP MM are:
SAP MM Module certification gives well-paid employment in ERP Market in many fields. What’s crucial for SAP professionals is knowledge of business processes running in material management. The work sectors for SAP MM Certified can be:
Best Оnline Саreer is committed to the customers, both individuals and corporate trainees to build their credibility tremendously in the SAP world. Our online SAP Training has demonstrated to be an extremely successful initiative taken by our organization in order to increase deep subject knowledge. Our SAP Training will incite the up-skilling propensity inside you touch off the commitment to getting that position you aim for in the organization you aim for.
We believe that a brand for an organization resembles a standing for an individual. We plan to keep our reputation as high as consistently by staying faithful to our obligations and giving a pinnacle level of capability. We respect the energy of the Candidates/Students/Consultants for up-gradation and aiming high. Our team works consistently to turn into an elevator in your achievement excursion!!!
