what is SAP MM ? | how SAP MM became so successful ?
SAP MM
SAP MM (Materials Management) is a module in the SAP ERP (Enterprise Resource Planning) system that deals with managing materials and inventory within an organization. It covers procurement and inventory management, helping companies efficiently plan and control their supply chains.
History of SAP MM
Here are the key components of SAP MM
Key Features of SAP SD
Procurement Process: Manages the entire purchasing process, from creating purchase requisitions to purchase orders, goods receipts, and invoice verification.
Inventory Management: Tracks the movement of materials, from receiving goods to storing them in warehouses, and managing stock levels.
Material Master Data: Stores all information related to materials, including descriptions, storage conditions, and procurement details.
Vendor Management: Helps manage suppliers, track their performance, and establish contracts and pricing agreements.
Invoice Verification: Ensures that invoices are processed and matched with the goods receipt and purchase order to ensure correct payment.
Reporting: Provides reports and analytics related to procurement, inventory levels, and vendor performance.