Learn SAP MM Full Course Online-SAP Material Management Course-SAP MM Training Institute

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SAP MM

Description

SAP MM (Materials Management) is a crucial module within the SAP ERP (Enterprise Resource Planning) system, focused on managing an organization's materials and procurement processes.
Here's an overview of SAP MM along with key topics covered in SAP MM training:

SAP MM Overview:

1. Master Data

Master Data: Creation and maintenance of material information.

Vendor Master Data: Managing information about suppliers and vendors.

Info Records: Storing information about vendor-specific conditions.

2. Procurement Process

Purchase Requisition (PR) and Purchase Order (PO): Creating and processing procurement documents.

Request for Quotation (RFQ): Managing quotations from vendors.

Outline Agreements: Setting up contracts and scheduling agreements with vendors.

3. Inventory Management

Goods Receipt (GR): Recording the receipt of goods and services.

Goods Issue (GI): Documenting the issue of goods.

Stock Transfer: Transferring stock between different locations.

4. Valuation and Account Determination

Defining valuation areas and classes.

Account determination for material movements.

5. Invoice Verification

Matching invoices, purchase orders, and goods receipts (three-way match).

Managing invoice blocking and release.

6. Material Requirement Planning (MRP)

Planning for materials based on demand and supply.

MRP run and processing.

7. Special Procurement Processes

Subcontracting: Managing materials provided to subcontractors.

Consignment: Monitoring and managing consigned stock.

Pipeline and Stock Transfer Orders: Handling stock transfers between plants.

8. Vendor Evaluation and Performance Monitoring

Assessing and evaluating vendor performance.

Managing vendor rating and scoring.

9. Reporting and Analytics

Utilizing standard SAP MM reports.

Customizing reports and analytics for specific business needs.

10. Integration with Other SAP Modules

Integration with SAP SD (Sales and Distribution).

Integration with SAP PP (Production Planning).

Integration with SAP WM (Warehouse Management).

11. Customization and Configuration

Customizing SAP MM based on organizational requirements.

Configuration of document types, number ranges, and account determination.

12. SAP MM Best Practices

Implementing industry-specific best practices.

Optimizing processes for efficiency and performance.

Benefits of SAP MM:

Streamlined Procurement: Efficient management of procurement processes from requisition to payment.

Inventory Optimization:Accurate tracking and management of inventory levels.

Cost Savings: Improved negotiation and vendor management contribute to cost reduction.

Enhanced Reporting: Access to real-time data for better decision-making through analytics and reporting tools.

Compliance:Ensuring compliance with procurement policies and regulations.

Roadmap

Floyd Miles

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15 Course

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