SAP MM - Material management is one of the very important SAP modules used by a large number of companies. This is related to material procurement, inventory storage and its efficient use in business. The main objective is to increase productivity & reduce costs. It handles the supply chain in such a way that there will be no material shortages and the entire inventory system run smoothly.
In short, SAP MM handles the procurement process, material assessment, invoice verification, purchase order, supply chain, master data management, trade debt, raw material & finished goods management, material availability and cost-effectiveness.
Considering this, here in this article we have provided an overview of SAP MM by describing its key components.
Data Stored in SAP R/3 is categorized as:
Master Data
Where there is production, stock transfer, inventory management, sales & purchase activities involved, master data must be maintained. In other words, master data is core data in the procurement process. Examples are - Master Data vendors, customer master data, master data materials, and data master prices.
Transactional Data
Data associated with business transaction processing is called transactional data.
Organizational Structure of SAP MM
- Plant
- Valuation Area
- Storage Location
- Purchasing Organizations
- Purchase Groups
- SAP MM Sub Modules
- Material Planning
- Purchasing
- External Service Management
- Inventory Management
- Valuation & Account Assignment
- Inventory Verification
- Consumption-based Planning
- Excise Duty
Now SAP has launched SAP S4/HANA LOGISTICS which includes a full business life cycle of business. Starting from the procurement of raw materials to the sale of finished products. Material management is one of the vital processes of SAP S4 Hana Logistics. Because of its high popularity and use, many people choose SAP S4 Hana Logistics as their career choice. Because they need to study this subject to work, many institutions provide online sap training or through the class. Even after the launch of S4hana logistics, SAP MM training is still a query that is dipped and requested in a search engine because people want to study this subject to get a decent job in the SAP sector or to take the next step towards learning and work on SAP S4 HANA logistics.
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