SAP MM
The administration of materials and procurement procedures is the main emphasis of the SAP Materials administration (SAP MM) module of the SAP ERP (Enterprise Resource Planning) system. It’s important for a lot of business activities, like transportation, material value, inventory management, and procurement.
Procurement: SAP MM facilitates the management of purchase orders, buy requisitions, and goods receipts for organizations. The entire procurement cycle—from request to payment—is streamlined by it.
Material Valuation: SAP MM makes it possible to value materials using a number of techniques, including FIFO (First In, First Out), moving average price, and standard pricing. This aids businesses in keeping their inventory valuation current and accurate.
Inventory Management: The module offers features such as physical inventory, stock movement between plants or storage facilities, and inventory valuation that are necessary for effective inventory management.
Material Requirements Planning (MRP): SAP MM facilitates MRP, which aids businesses in organizing and managing the acquisition of materials in accordance with production schedules and demand projections.
Reporting and Analytics: To assist organizations in analyzing their inventory and procurement data, this module provides reporting tools and analytics. This facilitates decision-making with knowledge and streamlines corporate procedures.
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