SAP MM( Material Management ) is one of the important modules in SAP ERP software and MM application module supports the procurement and inventory functions occurring in day-to-day business operations.
Fresher can also do this course.
Materials Management module in SAP consists of several components and sub-components. The most prominent and widely used are Master Data, Purchasing and Inventory.
The goal of this course is to teach you all the major business processes in Material Management, Procurement, Consumption based planning and Physical Inventory - the key process areas in SAP MM.
The material master contains information on all the materials that a company procures or produces, stores, and sells. It is the company's central source for retrieving material-specific data. This information is stored in individual material master records in SAP.
- Procurement to pay Cycle- Procurement process and organization levels
- Reporting and analysis function- Execution of reports like material documents
- Logistic Invoice Verification- Invoice posting, parking, determination of variances.
- Procurements- Creation of Request for quotation, Purchase Requisition, Purchase Order, Contracts, Goods Receipts, Invoice Booking etc.
- Inventory Management- Goods Receipts, Goods Issue, Stock Transfer, Transfer Posting.
- Physical Inventory- Preparing and carrying out physical inventory for materials.
- Vendor Consignment- Procurement Process for Vendor Consignment
- Subcontracting Process