SAP MM refers to Material Management & it is a module of SAP ERP Central Component that provides companies with materials, inventory & warehouse management capabilities. The main goal is to make sure that is kept in quantities & without shortage in an organization’s supply chain. If you want to learn about this module in detail, then you should join SAP MM Training in Delhi comes with lots of amazing tools for managing material procurement and vendors. You can also use the module for managing payments to vendors and checking material conditions/quality. It enables a firm to manage all its transactions data easily. However, the module is time-efficient and can make the process of Material Management for an organization.
Submodules Of SAP MM
It includes material management, procurement process management, master data management & master data management. All of these MM modules perform specific processes for these modules. They are implemented through transactions, the method that SAP ECC uses to complete business processes. It also supports other logistic functions that require material information, such as maintenance & project management.
Benefits of SAP MM
- It revolves around the master data, which is stored & manipulated in centralized master-data tables including material master, work center, bill of material & routing.
- It is useful to create transactional data in SAP ECC.
- However, it enables a firm to be easily manageable & optimizes its inventory management & material management process.
- Moreover, a firm that can quickly track problems in its supply chain.
- Similarly, it is useful for managing procurement activities.
- Despite this, it reduces the material management cost.
Procurement Process of SAP MM
The procurement process is a key process under SAP MM modules. It starts where there is a need for the material. If the materials are not available within the company, the employees have to look after a retailer.
- Basic Procurement is the process of acquiring goods at a specific quantity, time & price. It is to maintain the balance between time, quantity & price.
- Special Procurement involves the procurement of special stocks. And these stocks don’t belong to the company.
What Are the Opportunities Available for SAP MM?
SAP MM consultant & SAP MM Associates offering highly-salary packages. Moreover, you can upgrade to SAP EWM. It is one of the most excellent certificates, especially in Manufacturing & Trading Industries. If you want to pursue your career in this, then it has a proper scope in delivery firms.
However, it provides well-paid jobs in ERP markets in many domains. Mainly, for this, it is essential to business processes that run in material management. The salary ranges from INR 307K to 1076 K. It increases when you have the required skills & gain industrial experience. Following are the companies hiring for this position:
- Wipro
- Infosys
- IBM
- Tech Mahindra
- Accenture
What are the steps in the basic procurement Lifecycle?
- Gathering information about the products.
- contacting suppliers to complete the requirement.
- However, it consumes & evaluates the quality of the product.
- In other words, it places new orders for supplying with the performance of the product.
Why you Must Get an SAP MM Certification?
The followings are the reason why you must get an SAP MM certification:
- Job Opportunities: By obtaining MM certifications, you can open your doors in various domains in this field. For examples
- MM Consultant
- SAP functional analyst
- Material Manager
- Purchase Executive
- Huge Salary: – By obtaining MM Certifications, you can earn a huge amount of salary in your services. If you take on average, an SAP MM certification holder can easily earn around $116,000 per annum in the US. Similarly, on the other hand, in India SAP MM earns around 5,00,000-7,00,000 per annum.
- Promotion: – It helps you to reach the ladder faster to achieve your success. As per the survey, SAP Management Consultant, that has Material Management Certifications get promotions more quickly. On the other hand, SAP consultants don’t have a certification & it takes time for the promotions.
Conclusion
Overall, SAP MM has become popular among organizations. By using it, a firm can effortlessly manage its material management & the process of inventory management. Moreover, this module empowers a firm to rectify the problems in its supply chain. Nowadays, SAP MM Training Institute in Gurgaon helps you to obtain proper certification of it. It is an excellent functional module of an organization. Besides it, it handles all the business transactions.