SAP MM
SAP MM stands for “Materials Management” and it is a module within the SAP ERP (Enterprise Resource Planning) system. The SAP MM module is used to manage procurement activities and inventory management within an organization.
Purchasing Management: This includes creating purchase orders, managing RFQs (Request for Quotation), negotiating prices with vendors, and creating contracts.
Inventory Management: This includes stock management, inventory valuation, and inventory tracking.
Material Requirement Planning (MRP): This includes planning material requirements, monitoring stocks, and creating purchase requisitions.
Invoice Verification: This includes verifying invoices, managing accounts payable, and processing payments to vendors.
Master Data Management: This includes maintaining data related to materials, vendors, and purchasing info records.
Overall, SAP MM helps organizations to manage their material and inventory more effectively, thereby reducing costs, improving efficiency, and enhancing customer satisfaction.
SAP MM Training in Hyderabad.
Introduction to SAP MM: overview of the module, its role in SAP ERP, and its key features and functions.
Procurement Process: understanding the procurement process in SAP MM, including the creation of purchase requisitions, purchase orders, and goods receipts.
Inventory Management: managing inventory levels, material movements, and physical inventory counts in SAP MM.
Material Valuation: understanding the different methods of material valuation in SAP MM, including standard price, moving average price, and FIFO.
Invoice Verification: verifying vendor invoices against purchase orders and goods receipts, and managing the payment process in SAP MM.
Master Data: managing master data in SAP MM, including material master records, vendor master records, and purchasing info records.
Reporting and Analytics: generating reports and analyzing data in SAP MM using tools such as SAP Query and SAP BW.
Integration with Other SAP Modules: understanding how SAP MM integrates with other SAP modules such as SAP FI (Financial Accounting) and SAP SD (Sales and Distribution).
SAP MM Configuration: basic configuration settings for SAP MM, including organizational structure, document types, and number ranges.
Case Studies and Project Work: applying SAP MM concepts and skills to real-world case studies and project work.