What is SAP material management?
SAP Material Management (MM) is a module within the SAP ERP (Enterprise Resource Planning) system that focuses on managing the procurement and inventory processes of an organization. It is one of the key functional modules of SAP and plays a crucial role in supply chain management.
The primary goal of SAP MM is to support the procurement and materials management activities of a company, ensuring the availability of materials required for production, sales, and other business processes. It encompasses various functions related to material planning, procurement, inventory management, and vendor management.
key features of SAP Material Management (MM)
The key features of SAP Material Management (MM) module include:
- Procurement Management: SAP MM enables organizations to streamline their procurement processes by managing purchase requisitions, purchase orders, request for quotations, and vendor selection. It facilitates the creation and management of contracts, outlines the approval workflow, and helps ensure compliance with purchasing policies.
- Inventory Management: SAP MM provides comprehensive inventory management functionality, allowing organizations to efficiently manage their stock levels, track goods movements, and perform inventory valuation. It supports various inventory processes such as goods receipt, goods issue, stock transfers, physical inventory, and batch management.
- Material Valuation: The module enables organizations to determine the value of materials in their inventory. It supports various valuation methods, such as standard price, moving average price, and FIFO (First-In, First-Out). SAP MM also facilitates the management of price changes, material price updates, and the calculation of material costs.
- Vendor Management: SAP MM assists in managing vendor information, including vendor master data, contracts, and pricing agreements. It enables organizations to evaluate and rate vendors based on performance, quality, and delivery, allowing for effective vendor selection and monitoring.
- Invoice Verification: The module provides functionality for invoice verification, ensuring that invoices from vendors are accurately processed and matched with corresponding purchase orders and goods receipts. This helps in managing the accounts payable process and facilitates timely payment to vendors.
- Material Requirement Planning (MRP): SAP MM supports Material Requirement Planning, allowing organizations to plan and optimize their material requirements based on demand forecasts, sales orders, and production plans. It helps in determining when and how much to order or produce to meet demand while minimizing inventory holding costs.
- Integration with Other SAP Modules: SAP MM seamlessly integrates with other SAP modules such as Sales and Distribution (SD), Production Planning (PP), and Financial Accounting (FI). This integration ensures data consistency and enables end-to-end business processes across different functional areas.
- Reporting and Analytics: SAP MM provides robust reporting and analytics capabilities, offering a wide range of pre-built reports and customizable dashboards. It allows organizations to analyze procurement data, inventory levels, vendor performance, and other key metrics to make informed decisions and optimize processes.
SAP material management training in Pune
We provide the best SAP MM Training in Pune. Sap MM training in Pune eLearning Solutions Pune is designed for computer professionals who want to get globally recognized training in SAP MM. We carry out end-to-end training in all SAP MM modules. Sap MM stands for material management.
best training Center for sap mm in Pune as compared to other cities. A professional trainer is available.
SAP MM submodules
SAP MM’s capabilities incorporate material administration, acquirement process the board, ace information the executives (material and seller ace), stock administration, material prerequisites arranging and receipt confirmation.
These MM submodules have capabilities that perform explicit business processes for those modules. These are executed through exchanges, the technique that SAP ECC uses to finish business processes. MM likewise upholds other coordinated factors works that require materials data, like plant upkeep and venture the board.
Why does SAP material management do this?
- a good future in it.
- very important module in SAP.
- Easy to learn.
Where do SAP material management training in Pune?
- Pune is the best option to do.
- SAP MM best training centre is available in Pune.
why you’ll learn in eLearning solutions?
- eLearning solution is a good choice for learning sap mm.
- here good experience professionals are available.
- unlimited server access is available.
- 100% job assurance.
- trainers have experienced trainers with real-time experience so they are guided to a real-time project in sap mm.
- Real-Time Project Training
- Hands-on (Practical) Training
- Flexible Batch Timings
- Minimum Batch Size
- Student Referral Bonus
- Easy Accessible Locations
who can do this course? (SAP material management)
- freshers students like BSc, BE, MCA.
- the sap end user also can do this.
- warehouse as well as store department people can do this course.
- supply chain management people can do this course.
SAP MM module parts
The significant parts of SAP MM modules are –
1) Expert Information
This information is utilized for any exchange. Whether you are moving stock or making an actual stock, it requires some expert information. The end-client can follow each exchange with it. Sorts of expert information are –
Stockroom the executives information
Merchant information
Client information
Estimating information
Material information
2) Material Necessity Arranging
This is handled according to the bills of the materials. The necessity of these materials not entirely settled by these bills.
3) Buying
The primary goal of this undertaking is to get materials and administrations. Buying errands incorporate purchasing materials, deciding stock sources, and checking seller installments. These errands assist workers with satisfying the necessities of the material arranging division.
4) Stock Administration
This part of SAP MM manages dealing with the stock of merchandise. It contains many key cycles, for example, development type definition, merchandise receipt, development of products, and giving merchandise.
5) Material Valuation
This decides the stock worth of a specific material. The material cost and stock amount decide the stock worth. Valuation exercises like LIFO and FIFO and material cost range are additionally connected with Material Valuation.
6) Receipt Check
At the point when a receipt is posted in the SAP framework, it refreshes that receipt information in the MM module. In the wake of dissecting the receipt subtleties, it is sent for additional handling. Exercises, for example, Programmed Endlessly Receipt from Merchant fall under this part.
7) Actual Stock
The various exercises under actual stock are
Stock creation
Post contrast
Cycle count
Stock meeting
Count region
8) Administration The executives
Exercises, for example, administration passage sheet and administration ace fall under this part.
Common FAQs about SAP material management
What is material management in SAP as a consultant?
SAP MM (Materials Management) is quite possibly of SAP’s most practically broad module. The course covers pivotal ideas, for example, Acquirement Cycle, Expert Information (Material and Seller Expert), Stock Administration, Worth of Material and Record Assurance, Material Prerequisite Preparation, Receipt Confirmation, and so on.
What is the salary of SAP Materials Management Consultant in TCS?
What is the compensation of SAP MM Consultant at TCS ? Normal TCS SAP MM Expert compensation in India is ₹ 6.9 Lakhs for experience between 1 years to 8 years. SAP MM Expert compensation at TCS India ranges between ₹ 2.4 Lakhs to ₹ 17.2 Lakhs.
Why is SAP salary so high?
SAP is that the most widely utilized ERP frameworks these days. an intriguing field gives a few testing position and requests experienced and high level abilities experts. The up-and-comers with SAP abilities are in immense interest and can’t found without any problem.
Is SAP consultant a good career for freshers?
Indeed, SAP is a decent course for freshers who are keen on chasing after a profession in big business asset arranging (ERP) programming. SAP is broadly utilized by associations of all sizes and businesses, making it a profoundly popular range of abilities.
What is the salary of SAP MM after 10 years experience?
A mid-profession SAP MM Specialist with 4-9 years of involvement procures a typical compensation of ₹6.6 Lakhs each year, while an accomplished SAP MM Expert with 10-20 years of involvement procures a typical compensation of ₹9.1 Lakhs each year.
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