Overview of Sap Material Management | Essential Components | Role in business
SAP MM: - It is one of the most important modules in SAP ERP. SAP MM deals with the material procurement and inventory system in a business process. It makes sure that there is no shortage of any material or no trouble in the supply chain process of an organization thereby making the business process run faster, smoother and efficiently. ‘Master Data’ and ‘Procurement’ are the two terms one should know when talking about SAP MM . Master Data: Everything in MM revolves around Master Data. A certain Master Data is required to record every activity that takes place in the process. It is a core data that stores almost every record. To make any transaction, Master Data is used as a base. Example of Master Data · Material master data · Customer master data · Vendor master data · ...