Key Features of SAP MM

Implementing SAP MM enables organizations to efficiently manage their procurement and inventory processes. This solution helps in automating and streamlining these processes and allows businesses to reduce costs and improve productivity. Along with this, it allows businesses to optimize their procurement and inventory processes. Thus, ensuring that the right materials are available at the right time and the right cost. The SAP MM Training covers the following features:

Procurement Management

• Requisition to Payment: This is for automating various processes ranging from purchase requisitions to vendor payments.

• Purchase Order (PO) Creation: It helps in generating the Generate POs based on material requirements or MRP.

• Vendor Management: This is for maintaining the vendor master data, evaluating performance, and negotiating contracts.

Inventory Management

• Goods Receipt/Issue: This is for tracking the stock movements in real time.

• Stock Transfers: It is for managing the internal transfers between plants or storage locations.

• Inventory Valuation: This uses various methods like FIFO, LIFO, or moving average pricing.

Material Master Data

• Centralize material information

• Classify materials using groups

Invoice Verification

• Match purchase orders, goods receipts, and invoices to prevent discrepancies.

• Integrate with SAP FI for automatic account postings.

• Consumption-Based Planning

• Forecast demand using historical data or MRP to avoid stockouts/overstocking.

Core Components of SAP MM

SAP MM facilitates cost savings and ensures bulk purchasing, vendor discounts, and reduced stock obsolescence. In addition, this credential ensures process efficiency and helps automate the approvals. It also enforces the procurement policies and audit trails for SOX, GDPR, etc. On the other hand, SAP MM facilitates great integration and allows seamless data flow with SAP SD, PP, and FI. The SAP MM Course covers various core components of this solution. The SAP MM Course Fees range from 25000 to 35000. Here are the core components of SAP MM.

SAP MM as a Career in Hyderabad

SAP MM can be a lucrative and promising career in Hyderabad. Being the Indian IT hub, this city is home to some of the leading IT and non-IT companies in India. Therefore, SAP MM professionals can get numerous job openings in various roles. A career in SAP MM requires knowledge of SAP modules like material management, inventory management, and procurement. Along with this, having the knowledge of SAP HANA, SAP S/4HANA, and other SAP modules can be a plus point for you. There is a huge demand for SAP MM professionals in Hyderabad, and these professionals can expect a salary from ₹4.0 lac to ₹17.0 lac per year. Therefore, enrolling in the SAP MM Institute In Hyderabad can be a wise career choice. Here are some of the top companies hiring SAP MM professionals in Hyderabad.

• Wipro Limited

• KPMG

• Infosys

• Tata Technologies

• Lumax Mitra Business Solutions

Conclusion

SAP MM is a powerful solution that enables organizations to efficiently manage their procurement and inventory processes. It reduces costs and improves productivity. With its key features, SAP MM facilitates cost savings, process efficiency, and great integration with other SAP modules. As a career, SAP MM offers lucrative opportunities in Hyderabad. The top companies are hiring professionals with salaries ranging from ₹4.0 lac to ₹17.0 lac per year.