SAP S4HANA MM is one of the SAP modules that deal with material and inventory management. The Procurement Process, Master Data (Material & Vendor Master), Account Determination & Material Valuation, Inventory Management, Invoice Verification, Material Requirement Planning, and so on are all covered by SAP MM.
The MM application module is one of the most important modules in SAP ERP software, and it handles procurement and inventory processes that occur in day-to-day corporate operations. Other SAP R/3 System modules such as Finance (FI), Controlling (CO), Sales and Distribution (SD), Quality Management (QM), Plant Maintenance (PM), Production Planning (PP), and Warehouse Management are fully connected with the SAP MM module (WM). It helps with all aspects of materials management, including planning and controlling supplies, purchasing, receiving products, inventory management, and invoice verification.
S4HANA MM Advantages:
- Avoids stocking of superfluous or obsolete items, lowering material costs.
- Inventory losses are kept to a minimum.
- Direct labor costs are lowered, and labor is more effectively utilized.
- Manufacturing cycle times are shorter and more easily regulated.
- Effective inventory management saves money on unwanted material storage.
- Increases transparency and reduces delivery time across the enterprise.
Please contact us if you'd like to join one of our S4/HANA MM Online Training batches.
Email: Sangita@proexcellency.com, info@proexcellency.com
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Website: https://www.proexcellency.com/products/s4hana-mm-online-training