SAP MM
The SAP ERP (Enterprise Resource Planning) system has a module called SAP Materials Management, or SAP MM, which is dedicated to handling procurement procedures and materials. It is essential to many corporate processes, including material value, invoice verification, inventory management, and procurement.
Documentation Flow:gives a clear picture of the papers and the order in which they are processed within the system.
Connectivity with Additional Modules: Other SAP modules like SAP WM (Warehouse Management), SAP PP (Production Planning), and SAP SD (Sales and Distribution) are closely connected with SAP MM.
Calculating Accounts and Valuation
Material Valuation: Uses a variety of techniques (such as standard price and moving average price) to ascertain the value of the materials in the inventory.
The process of deciding which accounts to post throughout different transactions is known as account determination.
Master Information
Material Master: A centralised database including details on materials, including supplier information, price, and description.
Vendor Master: Provides contact information, terms of payment, and address information about suppliers.
 system has a module called SAP Materials Management, or SAP MM, which is dedicated){kind=link}