Materials Management covers all tasks within the supply chain, including consumption-based planning, purchasing, vendor evaluation, and invoice verification. It also includes inventory and warehouse management to manage stock until usage dictates the cycle should begin again.
The purpose of the MM-Materials Management module is to provide detailed support for the day-to-day activities of every type of business that entails the consumption of material.
The Materials Management module of SAP R/3 consists of the following components:
- External Services Management.
- Vendor Evaluation.
- Inventory Management.
- Invoice Verification.
- Warehouse Management.
- Consumption Based Planning.
- Material Ledger
In the rest of material you will find the all basics of procurement process with a plenty of clear descriptions.