SAP MM ERP

 

SAP MM (Materials Management) is a module within the SAP ERP (Enterprise Resource Planning) system that manages an organization’s procurement and inventory management processes.

Core Functions of SAP MM:

  • Procurement: Handles all aspects of the procurement process, including purchase requisitions, purchase orders, goods receipts, and invoice verification.
  • Inventory Management: Manages the stock levels of materials, including goods receipts, goods issues, stock transfers, and physical inventory.
  • Material Master Data: Maintains the master data for all materials, including descriptions, units of measure, valuation data, and vendor information.
  • Valuation and Account Determination: Determines the valuation of materials and assigns the appropriate accounts for financial postings.
  • Invoice Verification: Verifies invoices against purchase orders and goods receipts.

Key Benefits of using SAP MM:

  • Streamlined procurement process: Automates and standardizes the procurement process, increasing efficiency and reducing costs.
  • Improved inventory visibility: Provides real-time visibility into inventory levels, allowing for better planning and decision-making.
  • Reduced material costs: Enables better negotiation with vendors and reduces the risk of stockouts or overstocking.
  • Improved accuracy and compliance: Ensures that all procurement and inventory transactions are accurate and compliant with company policies and regulations.

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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