Material Management – MM
SAP ERP Material Management module includes material requirement planning, purchasing, stock management, logistics and invoice management processes of a business. It optimizes all purchasing processes with processing functions based on work flows. It provides automatic seller assessment, reduces the costs of supply and warehouse expenses with accurate inventory and warehouse management, and includes invoice control.
Purchasing activities in a business begins with the planning of required materials. After working on the material requirement planning, the requirements are identified, then the suppliers are identified to meet these requirements and price are requested from the seller having formed the price inquiries. Order is opened for the seller with the best price. The process is completed with the arrival of the goods, warehouse entrance and receipt of the invoice. In this context, we can summarize the functions of SAP ERP MM module that enable efficient and effective operation of the process as follows:
- Requirement planning based on consumption
- Identification of the requirements that emerged with the Material Requirement planning
- Making the contracts with the seller
- Forming the request inquiries and evaluation of the quotations
- Seller selection
- Seller evaluation
- Order confirmation procedure
- Purchase order processes
- Contract, consignee, free purchase processes
- Purchasing external services
- Tracking goods in delivery
- Planning, entrance and visualisation of the movement of goods
- Management of materials on the basis of amount and value
- Stock Management
- Automatic update of financial accounting with the movement of goods
- Seller invoice control
- Digital data transfer with the supplier