What are the key components of SAP Material Management (MM) module?

Key Components of SAP Material Management (MM) Module

In the SAP Material Management (MM) module, the key components include:

• Material Master Data: This component manages all information related to materials such as their descriptions, prices, and units of measure.
• Vendor Master Data: It deals with the information of all vendors from whom materials are procured.
• Purchasing: Involves the procurement process, including purchase requisitions, purchase orders, and goods receipt.
• Inventory Management: This component is responsible for managing the storage and movement of materials within the organization.
• Invoice Verification: Deals with the verification and processing of invoices from vendors.

Overall, the SAP Material Management (MM) module plays a vital role in the efficient management of materials and procurement processes within an organization.