The MM module of SAP R/3 is used for material procurement and management. This is the largest of all the SAP modules and is divided into the following sub components:
=> Purchasing —Allows users to control the entire purchasing process.
=> Inventory Management — Allows users to keep track of the material in stock. It also helps users to perform operations, such as goods receipts, goods issues, and physical stock transfers.
=> Invoice verification — Allows users to verify invoices that come from vendors. The invoices are compared with the purchase order and the good receipts in the following three ways:
? Content
? Price
? Quantity
=> Physical Inventory— Allows users to keep track of the material stored in an organization on the basis of the measuring units, such as counting, or weighing, at a given storage location at a specific time.
=> Valuation —Allows users to calculate the value of all fixed and current assets along with all the payables at a certain time with the appropriate legal requirements.
=> Material Requirements Planning (MRP) — Helps users to create a material procurement plan in a plant or company.
=> Material Master — Helps users to manage all the materials related data.
=> Service Master — Helps an organization to keep the records of the services that it procures.
=> Foreign Trade/ Customs — Allows users to manage the export and import of merchandise between customs territories.
=> Purchasing —Allows users to control the entire purchasing process.
=> Inventory Management — Allows users to keep track of the material in stock. It also helps users to perform operations, such as goods receipts, goods issues, and physical stock transfers.
=> Invoice verification — Allows users to verify invoices that come from vendors. The invoices are compared with the purchase order and the good receipts in the following three ways:
? Content
? Price
? Quantity
=> Physical Inventory— Allows users to keep track of the material stored in an organization on the basis of the measuring units, such as counting, or weighing, at a given storage location at a specific time.
=> Valuation —Allows users to calculate the value of all fixed and current assets along with all the payables at a certain time with the appropriate legal requirements.
=> Material Requirements Planning (MRP) — Helps users to create a material procurement plan in a plant or company.
=> Material Master — Helps users to manage all the materials related data.
=> Service Master — Helps an organization to keep the records of the services that it procures.
=> Foreign Trade/ Customs — Allows users to manage the export and import of merchandise between customs territories.
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