ERP Modules: The process flow involves in SAP MM module are of many components and its subcomponents. However, the key factors that are involves are Master data, including vendor master data and material master data, Purchasing, and inventory functions on day-to-day basis. Without this cycle, SAP ECC (SAP ERP) is incomplete.
The further exploring these responsible factors includes Inventory of physical and non-physical inventory and its management, Logistic invoice verification, master data (for both vendor and material) and material resource planning.
ERP modules (Enterprise Resource Planning) are software components that comprise an ERP system. These modules are intended to manage and simplify certain business processes across an organization's departments. Among the most frequent ERP modules are:
Financial Management: This topic covers financial transaction management, budgeting, forecasting, and reporting.
Human Resource Management is in charge of handling employee data such as salary, attendance, benefits, and performance.
Inventory Management: This module handles inventory management, procurement, order processing, and delivery.
This module is in charge of managing client orders, sales forecasting, marketing activities, and customer relationship management.
Production Management: This module handles production planning, scheduling, and tracking, as well as bill of materials (BOMs) and product management.
This module covers the complete supply chain, from suppliers to customers, including procurement, logistics, and inventory management.
These modules are frequently combined to give a holistic perspective of a company's business operations, allowing for better decision-making, higher efficiency, and improved cross-departmental communication.
What is mean by T-codes in SAP? ERP modules
These are the transaction based T-codes means to process the certain information in SAP for vendor and organization (plants, material information, purchasing details, and storage locations, and so on) to have smooth business dealing with almost in worry free environments. There are many transaction codes or T-codes for every field in SAP.
What requires for all the process that happens in SAP ERP modules work smooth?
Master data (plays very crucial roles in MM)
Both The organization (vendor and plant) requires data to gather from suppliers, vendors, as well as from the customers Or voice versa. Some data to create Master Data are Material Master Data (get price conditions etc) which we derive from the Supplier or Vendor, Customer Master Data and Vendor Master Data includes address and other accounts details.
Purchasing in ERP modules
The purchasing involves few steps where requirements recognized. It is called as MRP (material resource planning) on the current situation of the inventory. However, as the part of planning and source and thus PR (purchase requisition), an internal document which never goes out the organization created based on current requirements. Thus, PR get assigned to the source or vendor and the PR gets created with price agreement or as per the RFQ (request for quotation). The vendor selection with quote comparison process happens before or after PR creation.
Therefore, once the Preq (purchase requisition) created, it converted into PO (purchase order) once the price got final. Thus, it sends out to the desired vendor or supplier. Once the goods arrived at the store (warehouse) the goods get receipted and invoice receipt done after three-way matching of the invoice.
This is why SAP ERP modules is effective and the world's most reliable software
It is fasted and make us no regret upon the shortage of materials in supply chain process. It has ability to level up the inventory as per your requirements.
SAP MM module has to deal with other modules. It has Sales and Distribution (SD), Warehouse Management (WM), Quality Management (QM), Production and Planning (PP), Controlling (CO), and the Finance (FI). Hence, all the internal and external factors are being considered at the decision stage.
SAP is the only that handles material and inventory management effectively.
SAP ERP (ERP modules) Central Component (SAP ECC) helps thousands of businesses. Thus, from Procurements to Pay, the cycle such as master data, material valuation, inventory, planning, invoice verification, goods receipting notes, invoice offsets (credit note, debit notes etc) other many functions. However, it helps us to smooth the businesses of both the vendor and organization. In SAP, we can also calculate the vendor performance, automate the ordering process in an outline agreement under the schedule agreement. So at the end, it reduces many human efforts by saving cost as we as time with excellent customer satisfaction.
