What are the Features and Benefits of SAP MM?

1. What are the Features and Benefits of SAP MM? Solve the complexities of purchasing and transactional data with SAP MM to save both time and money Introduction SAP MM is an essential module from the SAP ERP environment. SAP MM looks after the Material Management processes in an organization. It is significantly one of the largest functional modules in SAP. This module basically looks after the Procurement Process, Master Data (Material & Vendor Master), Inventory Management, Material Requirement Planning, Valuation of Material & Account Determination, Invoice Verification, etc. To work efficiently on the SAP MM module, a well-versed SAP MM training can be a great medium to build its understanding. Therefore, go through a good training session to develop an understanding that will help you forever. Different functional areas under SAP MM SAP MM is a crucial area within Logistics in SAP functions. It is an essential component of Logistics as it strongly integrates with all other components of SAP Logistics. MM consists of the following components; SAP MM-PUR: Purchasing SAP MM-IM: Inventory Management SAP MM-CBP: Consumption-based Planning SAP MM-IV: Invoice Verification

2. SAP MM-EDI: Electronic Data Inter-exchange SAP MM-IS: Information System Overall SAP MM look after all your business processes. Starting from planning and purchasing to inventory management and quality control it manages all for you. This module has features and functionality that are fully integrated with the other important modules like Finance and Control, Sales and Distribution, Production Planning, etc. The procurement process consists of a chain of events taking place in a specific set of orders. Starting from the creation of a Purchase Requisition (PR), it further moves to the authorization of PR and the creation of a Purchase Order (PO). Further, the Goods Receipt (GR) is generated on receipt of the ordered goods, Invoice Verification takes place and the Quality Control activities are set in motion. Thereafter, lastly, the payment is sent ahead to the vendors for their goods /services. Benefits of SAP MM Customer demands are rapidly changing. And an organization’s efficiency is primarily measured by its ability to satisfy market demands in the shortest time possible. For this to happen, the business needs to have stock of the essential raw materials at the right time and must be able to use them efficiently. A well- defined Material Management process ensures there is never a shortage of materials or any gaps in the supply chain process of the organization. The SAP MM automates procurement and material management activities to make the processes smoother and more effective. Some significant benefits of SAP MM are: ●SAP MM reduces material costs by eliminating the stocking of unnecessary as well as obsolete materials ●It even minimizes the Inventory losses for the organization ●Results in less labor costs and also ensures efficient uses of labor ●Reduces manufacturing cycle times and can be controlled effectively ●Effective inventory management and less expenditure on unwanted material storage ●Improves the overall delivery time and enhances transparency across the organization Conclusion SAP MM is playing an active role in the organization today. However, to successfully implement the process of SAP MM, there is a requirement for professionals, who can do this on behalf of the organization. You can go through SAP MM Training in Gurgaon for learning its functionalities. Hence, work in varied roles with multiple opportunities.