SAP MM is one of the most widely utilized SAP modules. Companies use this to manage the procurement and inventory aspects of an organization. At Teks students are provided with the best faculty and learning tools used in this course where students can excel their management skills and knowledge.
What is SAP Material Management (MM)?
SAP MM (Material Management) is a module designed to help organizations with all things material management, procurement handling, and inventory management. It covers the procurement to payment process, from inventory to final invoice receipt and verification, and streamlines the procurement process to ensure the right materials are available when needed.
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Modules of SAP MM
1. MM – CBP (Consumption-Based Planning)
Consumption-based planning uses past consumption values to forecast future requirements using statistical procedures. The primary role of the MM-CBP component is to monitor stocks and automatically create procurement proposals for production and purchasing. The proposal triggers when stock levels go below a pre-defined reorder point or by forecasting requirements using past consumption values.
2. MM – PUR (Purchasing)
The purchasing component ensures seamless communication among all participants in the procurement process, thereby ensuring that the purchasing unit of an organization functions smoothly. The primary tasks of the purchasing element are:
- handling external procurement of materials and services
- monitoring deliveries from vendors
- tracking payments to vendors
- determining possible sources of supply for a requirement
3. MM – SRV (External Services Management)
This component supports bid invitations, order/award placements, acceptance of services and invoice verification. It provides a platform for managing and coordinating external services. It supports two types of external services:
- planned services where the nature and scope of requirement is known at the start of the procurement phase
- unplanned services where the scope of requirement is unavailable and procurement relies on a value limit
4. MM – IV (Inventory Management)
This component deals with the following tasks:
- tracking and managing material (physical) stocks based on quantity and value
- maintaining the physical inventory of goods
- planning, entering and documenting the movement of all goods
5. MM – IV (Logistics Invoice Verification)
The logistics invoice verification is a process that comes at the end of the logistics supply chain. It includes tasks like purchasing, inventory management and invoice verification. This component helps in verifying incoming invoices based on prices, content and quantity. As soon as a vendor sends a purchasing invoice, this component adds it to the system, then passes it to financial accounting and other elements in materials management.
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What is the career scope after pursuing a SAP Material Management certification course ?
The SAP MM certification is one of the most sought after professional certifications in the IT industry. Holding an SAP MM certification makes it easy to secure a highly-paid job in the ERP market. SAP MM certification gives you access to various career paths like:
- SAP MM consultant
- SAP MM associate
- SAP team lead
- SAP functional analyst in materials management
- plant maintenance analyst
- supply chain specialist
- logistics manager
Eligibility criteria for SAP Material Management course
Before you apply for the SAP MM examination, it is a good idea to check the prerequisites for the programme:
- You need to have a recognised undergraduate or postgraduate degree in any discipline
- Basic business knowledge and working experience in procurement, material handling, inventory, purchase and vendor management.
Candidates of various streams can apply for the SAP MM certification, having a professional degree in computer science, engineering or business administration gives you an advantage in completing the certification.
I hope reading this article on SAP Material Management has given you a brief on what SAP MM actually is and what you need to pursue a career in it. This is a type of course that can be mastered by learning under the guidance of experienced people. So, if you want to learn and become a player in this field The Teks academy in Hyderabad is the best place where you can learn this program.
