SAP MM
Materials and inventory management for businesses is handled by the SAP Materials Management (SAP MM) module of the SAP ERP (Enterprise Resource Planning) system. It is essential to many commercial operations, including purchasing, managing inventories, and verifying invoices. The following are some of SAP MM’s main attributes and features.
Acquisition Procedure
A purchase request, or PR, is a document that starts a procurement process by stating what items are needed.
Request for Quotation (RFQ): Asks suppliers of the necessary materials for quotes.
Purchase Order (PO): Purchase orders are made in order to obtain supplies from authorised suppliers.
Master Data Administration
Material Master: Provides details on every material that a company manufactures or purchases.
Vendor Master: Contains data on the vendors or suppliers from whom goods are purchased.
Verification of Invoice
Verifies accuracy by comparing incoming invoices with purchase orders and goods receipts.
oversees the procurement’s financial components by approving invoices and starting the payment procedure.
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