What Is SAP MM: Features & Sub Components?

What Is SAP MM: Features & Sub Components? trainingeducation.substack.com/p/what-is-sap-mm-features-and-sub-components

SAP MM is an SAP ERP component that manages the material, inventory, and warehousing of a business. Thus, it provides a helping hand in managing the supply chain process. To learn its workings and further know about it one can visit SAP MM Training in Noida.

Sub Components Of SAP MM SAP MM is a working component of SAP ECC’s logistics functions and has further subcomponents themselves. These are the sub-components of SAP MM1. SAP MM Master Data- Master data is used as a base for any transaction. Any transaction within a company such as purchasing, selling, producing. Etc. requires master data 2. SAP MM Purchasing- Material Resource Planning gets transferred into purchase Requisition. Then it purchases the requisition and releases it. Further, the PR converts into a purchase order. After that, that the payment process is done in the FI module.

3. SAP MM Inventory Management- It deals with the inventory of the goods. In addition, it consists of few key processes such as4. SAP MM Invoice Verification- This sub-module handles all the processes related to invoice like invoice Receipts from vendors, Automatic Invoices. Etc.

1/2

5. SAP MM Physical Inventory- It manages the processes such as post difference, cycle count, inventory session. Etc. as physical inventory in the storage area.

6. SAP MM Material Valuation- This sub-module handles the activities such as LIFO, FIFO which are related to evaluating the material.

7. SAP MM Service Management- It manages the processes such as service master.

Features Of SAP MM SAP MM assists in reducing the cost of operations to its minimum. Additionally, it also helps in minimizing the inventory losses and results in a much smoother and efficient process. Above all, it assists in cloning the foreign trade data from master records into MM and SD documentations.

Due to the known features of this tool, many companies and businesses use it for the better functioning of the company. Therefore, there is an increasing demand for skilled professionals in it. SAP MM Training in Gurgaon provides one of the best training classes for this tool. These are some of its features.

This component of SAP ERP can work in both inventory management and material management.

It assists a company in dealing with various business activities such as procurement, material valuation, inventory management. Etc. It also ensures that material supply is in abundance in the supply chain process.

Above all, it boosts the performance of a business by enhancing productivity and reducing costs.

2/2