Material Management
SAP MM stands for Material Management. It is also known as Procure to Pay process. From procuring a material from Vendor and till the payment to be done to Vendor, this whole process is known as Procure to Pay process.
SAP MM is one of the important modules in SAP. It supports the Procurement and Inventory functions like creating Purchase Requisition, Purchase Order and doing Goods Receipt which happen in our daily activities.
MM consists of all Master Data like Material Master, Vendor Master, Info Record, Source List and Service Master. We create or do changes in the Configuration based on the business requirements. We create transactions like Purchase Requisition, Quotation, Purchase Order and Goods Receipt in the system.
Purchasing enables us to effectively handle the following tasks:
- the external procurement of materials or services
- the determination of possible sources of supply for a requirement that arises either in materials planning or directly in a user department
- the monitoring of goods received and services provided
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Thanks for Sharing! SAP MM ensures that the association's production network is always running smoothly, with no shortages or interruptions.
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