Benefits of SAP MM Online Training

Benefits of SAP MM Online Training For Beginners

SAP MM is a course in the central component of SAP ERP (ECC) that provides companies with material, inventory and warehouse management capabilities. primary goal SAP MM? — ensure that materials are always stored in proper quantities and without shortages or gaps in the organization's supply chain. It also helps supply chain professionals and other SAP user’s complete product purchases on time and at minimal cost and be able to cope with day-to-day changes in these processes. SAP Basics for Beginners will allow you to learn all of these aspects, to understand them in much more detail.

One of the core modules in SAP ECC, SAP MM is part of SAP ECC's logistics function and plays a vital role in a manufacturer's supply chain. It integrates with other ECC components such as production planning (PP), sales (SD), plant maintenance (PM), quality management (QM), finance and controlling (FICO), and human capital management (HCM). Support for SAP ECC is scheduled to end in 2025, after which it will be replaced by SAP S/4HANA. It's not clear from SAP how MM functionality will migrate to S/4HANA, although the new platform has components to address the core issues behind MM.

SAP MM submodules

Functions SAP MM? include material management, purchasing process management, master data management (materials and vendor master data), inventory management, material requirements planning, and invoice verification. All of these MM sub-modules have functions that perform specific business processes for these modules. They are executed through transactions, the method that SAP ECC uses to complete business processes. The SAP Online Course with job assistance also contains other logistical functions that require material information, such as plant maintenance and project management.

SAP MM Business Benefits

Everything in Materials Management revolves around master data, which is stored and processed in centralized master data tables. Master data types include material master, bill of materials, work center and routing. Master data is used to create transactional data in SAP ECC. For ex when a production order is created in PP, it uses master data from Materials Management for the raw materials needed to produce the finished product, which will later be used to create a sales order in SD.

SAP MM Basics for Beginners

The SAP Enterprise Resource Planning (ERP) platform helps large organizations streamline their processes in every segment of their business, from sales to financial accounting. The SAP Basics for Beginners covers the key concepts of SAP ERP and contains valuable tips to help you get the most out of this enterprise software. Justin explains the difference between master data and transactional data in SAP before diving into frequently used SAP modules including SAP Materials Management (MM) and SAP Sales and Distribution (SD).

SAP MM is one of the most extensive functional modules. This module mainly deals with procurement processes, material master data, invoice verification etc. This module communicates and is integrated with other key SAP modules.

SAP MM covers all the tasks related to the supply chain (Supply Chain), including consumption-based planning, logistics planning, supplier evaluation and invoice verification, etc. It also includes inventory management and warehouses to organize the stock until its use causes the supply cycle to start again.

Some of the components of MM:

Planning based on Consumption: it is in charge of replenishing stock and uses the functionality of MRP (Material Requirements Planning) for this purpose, determining procedures for calculating batches, and making predictions based on technical algorithms.

Purchasing:

The purchasing area of MM provides the ability to determine possible sources of supply of services and materials, the purchase of these materials or services, the subsequent monitoring of orders from suppliers, requisitions, quota requests, prices and conditions, purchase orders and supplier confirmation among many other features.

Inventory Management:

Inventory management components contain the service master records, and control and track all movements of goods, receipts, incidents, receipts of returned goods, stock transfers, reservations, physical inventory, stock determination and inventory management. lots. In addition, this sub-module contains up-to-date cost accounting of various materials, supports various currencies and up-to-date prices of materials, and is capable of calculating actual production cost.

Invoice Verification: supports the verification and evaluation of material such as Last In First Out (LIFO) and First In First Out (FIFO), price change analysis, changes from invoices to credits, taxes, cash discounts, verification of receipts, define the accounting impact of receipts, cancel receipts, shipping costs, and determine billing variances.

External Services Management:

This component fully supports the process of provisioning external services from supplier management, invitations to contests, order forms, service acceptance. Likewise, it is used to define service specifications, record the services performed, confirm said services and then validate the service invoice. Information systems within MM include supplier evaluations, purchasing system and inventory information.

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