Introduction:

SAP MM is one of the primary modules of the SAP ERP. This module is useful for handling the procurement and inventory management processes within an organization. It consists of numerous sub-modules or components that focus on the specific functionalities. Gaining the SAP MM credentials is very beneficial to starting a career in this domain. The SAP MM Certification Cost ranges from 20,000 to ₹85,000, and gaining it can be very beneficial for your career. Let's have a look at some core sub-modules of SAP MM.

• Procurement Processing: This is useful for managing the entire procurement process, from requisition to payment. It includes activities like Purchase Requisition (PR), Request for Quotation (RFQ), Purchase Order (PO), Goods Receipt (GR), and Invoice Verification (IV).

• Inventory Management: It is useful for tracking and managing the stock levels, movements, and valuations. Its key activities include goods receipt and issue, stock transfers, physical inventory, reservations, and stock valuation.

• Master Data Management: The primary purpose of this module is to maintain the essential data for procurement and inventory processes. Its key components are Material Master, Vendor Master, Purchasing Info Record, Source List, and Condition Records.

• Invoice Verification: It ensures accurate processing of vendor invoices, and its key activities are Three-Way Matching, Posting Invoices, Handling Credit Memos and Tax Calculations.

• Material Requirements Planning (MRP): The primary purpose of this module is to plan and ensure the availability of materials for production and sales. Its key activities include MRP Run, Planning Proposals, Procurement Proposals (PR, PO) and Monitoring Stock Levels.

• External Services Management (ESM): It is useful for managing the procurement of services. Its key activities are Service Entry Sheet, Service Confirmation and Service Invoice Verification

• Consignment and Subcontracting: Consignment is useful for managing the materials owned by the vendor but stored at the customer's location. On the other hand, subcontracting manages materials sent to external vendors for processing. Its key activities include consignment stock management, subcontracting purchase orders, and goods issue to the subcontractor and goods receipt from the subcontractor.

• Valuation and Account Assignment: The primary purpose of this module is to manage the financial aspects of materials and procurement. Furthermore, it helps in material valuation along with account assignment in procurement.

• Batch Management: It is useful for tracking the materials with batch characteristics. Along with this, key activities consist of batch creation, batch determination, and batch classification.

• Physical Inventory: This sub-module is useful for telling accurate stock levels through periodic counting. Along with this, its key activities include inventory counting, inventory documentation, and posting differences.

• Logistics Invoice Verification: It is useful for handling the invoices related to logistics services. Its key activities include freight invoice verification and handling logistics costs.

• Output Determination: The key purpose of this module is to manage the automatic generation of documents. Its key activities are output configuration and message types (Email, Print, Fax)

• Reporting and Analytics: This submodule provides insights into procurement and inventory processes. Its key components are Stock Overview, Purchase Order Analysis, Vendor Performance, and Material Consumption.

SAP MM as a Career?

SAP MM is a highly sought-after career path. As a SAP MM professional, you'll be responsible for managing procurement, inventory, and logistics processes. This is a highly demanded job profile that offers a wide range of job opportunities. SAP MM professionals can earn attractive salaries in India. This job profile offers greater career growth, and skilled professionals can gain high-paying jobs. There is a huge demand for SAP MM professionals in cities like Bangalore. It is a leading IT hub where professionals can find many job roles. Therefore, one can find many institutes that provide SAP MM Course in Bangalore. Here are some of the high-paying careers you can explore in SAP MM.

• SAP MM Consultant: These professionals are responsible for implementing and configuring SAP MM systems.
• SAP MM Plant Maintenance Analyst: They have to focus on plant maintenance and inventory management.
• Purchase Executive: They work on managing the procurement processes and vendor relationships.
• SAP MM Functional Configurator: These professionals configure and customize SAP MM systems.
• Material Manager: They oversee inventory management and logistics processes.

Conclusion

SAP MM is a highly sought-after career path that offers a wide range of job opportunities, attractive salaries, and greater career growth. SAP MM provides a comprehensive solution for procurement, inventory, and logistics management. As a SAP MM professional, you'll play a crucial role in managing these processes. Thus, making it a highly demanded job profile. Cities like Bangalore offer numerous job roles for skilled professionals. Enrolling in SAP MM Online Training and pursuing a career in SAP MM can be a lucrative and rewarding experience.