SAP M&M

 

SAP MM (Materials Management) is a SAP ERP (Enterprise Resource Planning) software module. It is designed to help businesses manage the entire lifecycle of materials, from procurement and inventory management to invoice verification. Here’s a brief overview:

Key Features and Functions:

  • Procurement: Streamlines the purchasing process, from creating purchase requisitions and purchase orders to goods receipts and invoice verification.
  • Inventory Management: Tracks and manages stock levels, movements, and valuations. Includes features like physical inventory, stock transfers, and material requirements planning.
  • Material Master Data: Maintains a central repository of information about all materials used in the company, including descriptions, specifications, vendors, and pricing.
  • Valuation: Calculates the value of materials based on various methods and accounts for price fluctuations.
  • Invoice Verification: Matches incoming invoices against purchase orders and goods receipts to ensure accuracy.

Benefits of Using SAP MM:

  • Improved efficiency: Automates many manual processes, reducing errors and saving time.
  • Better inventory control: Provides real-time visibility into stock levels, preventing shortages and overstocks.
  • Accurate valuation: Ensures that materials are valued correctly, impacting financial reporting.
  • Streamlined procurement: Simplifies the purchasing process, making it easier to source materials from the right vendors at the right price.
  • Cost savings: Optimizes inventory levels, reduces waste, and improves vendor negotiating power.

SAP MM Training Demo Day 1 Video:

You can find more information about SAP MM in this SAP MM Link

Conclusion:

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