SAP Materials Management
SAP Materials Management is an essential module in SAP ERP software. It supports procurement and inventory functions in daily business operations. SAP Materials Management has to be integrated with other modules such as Finance, Controlling, Quality Management, Sales and Distribution, Warehouse Management, Production Planning among others for a seamless process.
SAP Materials Management has other sub-modules which are material planning, purchasing, statutory requirements, vendor valuation, invoice verification, and inventory management. The main purpose of Materials Management is to obtain operational efficiency through integration of material movement, acquisition, storage, and others. The procurement process is one of the critical processes in Materials Management as it helps in checking and matching the invoices. It speeds up the process of audit and invoice clearance.
The main benefits which SAP Materials Management provide are that integration with other modules reduces the data re-entry and errors, access to logistics information system, ability to update the material price with the changing average price, ability to determine strategy for different purchased documents, ability to carry out procurement steps of material without stock, ability to rectify invoice verification of vendor, ability to carry out reports transactions , ability to forecast monthly requirements with the help of production and sales program, ability to present different reports with the help of database, ability to manage the complete business flow integration from requisition of purchase to verification of invoice.
Companies Using SAP Materials Management, Market Share & Customers List
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Companies Currently Using SAP Materials Management(Sample Data)
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