SAP MM, or SAP Materials Management, is a module within the SAP ERP system that deals with various aspects of material management such as procurement process, master data (material and vendor master), consumption-based planning, and inventory management.
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Procurement: Managing the complete procurement process, including purchase requisitions, purchase orders, and request for quotations (RFQs).
Inventory Management: Tracking and managing inventory levels, goods receipts, and issues. This includes features such as goods movement, stock transfers, and physical inventory.
Material Valuation: Determining the value of materials in the inventory, which can involve various valuation methods such as standard price, moving average price, and actual costing.
Vendor Management: Managing vendor information, including vendor evaluation and rating, as well as maintaining the vendor master data.
Logistics Invoice Verification: Verifying and processing invoices from vendors, ensuring that the invoices match the purchase orders and goods receipts.
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