SAP MM has a really good future. SAP MM Demand In India. The SAP technology is going to stay in the market for at least the subsequent thirty years at the current state and it is still growing. Among the various modules, it’s the functional modules like mm, SD, etc which are in great demand. MM module is in use in most of the SAP projects as the material is one of the basic needs of most of the companies using SAP. You can learn a lot of functional modules like sd, QM or technical modules like SAP ABAP, Basis, etc to add to your market value. Techno functional consultants are among the best paid in the SAP business. So, SAP mm has a very good future scope.
What is SAP MM Module?
We will start off this SAP MM tutorial by learning the SAP MM module. SAP MM module is an integral part of SAP ERP software. SAP Material Management is used by the various business organization to manage their purchasing and transactional data as it is both cost and time-efficient. SAP Material Management is part of the logistic function which helps the industry from procurement to delivery of products. SAP MM module consists of different units to manage material procurement and vendors, check the material condition and quality, and payment of the vendors. Learn more about SAP Material Management in this SAP MM training to get ahead in your career!
What is SAP Business Process in SAP MM Module?
In this SAP MM Tutorial, we will learn about SAP Business Process. SAP Business Process is an integral part of the SAP MM module. It deals with sales, production, distribution, unit maintenance, planning, and warehouse management of an organization. It helps manage inventory and human resources of a company.
In this SAP MM tutorial, we will see some of the features of the SAP MM module.
Some of the key features of SAP MM Module are as follows:
- It deals with inventory management and material management.
- It is a process that keeps in check the scarcity or breach in the supply chain of an organization.
- It manages procurement activities.
- To accelerate productivity and cut the cost, it manages material (products/services) and resources of an organization.
- It deals with Master Data, Valuation of Material, Material Requirement, Invoice Verification, etc.
Advantages of SAP MM Module
- It reduces the cost of operations.
- It minimizes inventory losses by removing unnecessary or obsolete material.
- Automatic material management and procurement activities lead to a smoother and effective process.
Procurement Process In SAP MM Module
This SAP MM tutorial will help you learn about the Procurement Process in an SAP MM module. This SAP MM tutorial will discuss the different types of Procurement processes.
Every organization requires material or service to meet their needs, and thus, they purchase them. This process is known as procurement.
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Types of Procurement in SAP MM Module
Learn about different types of procurement through this SAP MM tutorial.
There are two types of the procurement:
- Basic Procurement
- Special Procurement
Basic Procurement
Now, this SAP MM tutorial will deal with Basic Procurement.
The process of buying the right material and services in an appropriate quantity at the lowest price and at the right time is known as basic procurement.
What is Basic Procurement Lifecycle?
This SAP MM tutorial provides you with different Procurement lifecycle which are:
- Gathering Information: The procurement process initiates with the collection of information about a product and its quantity. Then according to the required products and services, suppliers must be contacted.
- Suppliers: Based on the requirement, suppliers are contacted and requested to fulfil the requirement.
- Consumption, Maintenance, and Disposal: Products and services get evaluated according to their performance. Based on their performance, it gets decided whether the order will get repeated from the same supplier or a new supplier will be contacted.
Special Procurement
Now, this SAP MM tutorial will talk about the Special Procurement under the SAP MM module.
The stocks which do not belong to a company and stored at a specific location are known as special stocks. The method to procure these stocks is known as special procurement.
Types of special procurement and special stocks are:
- Consignment Stocks: The material which is available at store premises is known to be consignment stocks. This material belongs to the seller, but to use it you have to pay the vendor.
- Third-party Processing: In third-party processing, the company passes its orders to the vendors who deliver them directly to the customers. These orders are updated inside purchase orders, purchase requisitions, and sales orders.
- Pipeline Handling: In pipeline handling, the material is not stored by the company; rather, it is stored by the vendor itself. The material is ordered from the vendor whenever it is required by the company.
- Stock Transport Order: When one plant requires some goods, it orders them from another plant of the organization. These goods are procured using the stock transport order. The transfer of goods can be monitored using this stock transport order.
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The Career Options for SAP MM Certified Candidates are:
SAP MM certification provides well-paid jobs in the ERP Market in many domains. What’s essential for SAP professionals is knowledge of business processes running in material management. The work sectors for SAP MM holders can be:
- SAP MM consultants
- SAP MM Plant Maintenance analyst
- Purchase Executive
- SAP MM functional Configurator
- Sap End User
- SAP Functional Analyst in MM
- Team Leader
- Material Manager
The above-stated profiles require the experience of full lifecycle implantation with proper planning and analytical skills. Many companies seek professionals with 2- 4 years experience. SAP MM is designed to facilitate the following business processes in an organization.
- Invoice Verification
- Evaluation of Materials
- Inventory Management
- Purchasing
- Consumption-Based Planning
- Vendor Master and Material Master Data
Chances of SAP MM Growth and Salary
SAP MM Trainee Consultants or SAP MM Associates with required skills are offered high salary packages. It is the leading logistics area which comprises Production Planning, Warehouse management and modules of sales and distribution. For further career growth, you can upgrade to SAP MM /WM or EWM. There is a global demand for SAP MM consultants. That much said a serious commitment and dedication is required to meet the prevailing standards. Although certification is seldom mentioned on job postings, it will go a long way to establish your worth.
The salary paid to SAP MM holders in the US is around $115,538, and the experience will help in upgrading your salary figures.
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