ERP MM The Materials Management (ERP MM) module is a software that is consist of all master data, system configuration, and dealings to complete the acquisition to pay process. This process map spans from MRP produced procurement proposals through the final detail receipt and verification.

The ERP MM module helps an organization to manage its material resources and inventory transactions proficiently. This software also helps to access real-time stock information, track part recognition information, mechanize transactions with wireless barcode expertise, advertise inventory in multiple dimensions, and many more.

Materials Management is an easy process with the help of which a company is provided with the products and services that is necessary to achieve its aims of purchasing, storage and movement of materials. The ERP MM module is associated to planning, securing, storing and supplying the suitable material of right quality, right quantity at right place in accurate time so as to synchronize and schedule the production movement in an integrative way for a manufacturing undertaking. Most of the companies buy materials, transport them in to the plant, change the materials in to parts, accumulate parts in to end products, sell and transport the products to the customers.

All these activities like purchase of materials, flow of materials, produce them in to the product, supply and sell the product in the market needs various types of materials to administer and control their storage, flow and supply at various places. It is only doable by competent materials management. The materials requisites preparation, procuring, stock planning, storage, inventory management, materials supply, moving and materials handling are some of the functions of materials management.

OVER VIEW OF MATERIAL MANAGEMENT

  • Material group
  • Purchasing group
  • Purchasing area
  • Determination of Purchasing area
  • Material master
  • Vendor master
  • Purchasing info record
  • Source list
  • Outline agreement
  • Quota arrangement

PROCUREMENT PROCESS IN MM

  • RFQ / Quotation
  • Maintain Quotation
  • Price comparison
  • Purchase requisition
  • Automatic purchase order

VENDOR EVALUATION

  • Price
  • Quality
  • Delivery
  • Service

PRICING PROCEDURE FOR P.O.

  • Define condition table
  • Define access sequence
  • Define condition type
  • Define calculation schema
  • Define schema group
  • Define schema determination

CONSUMPTION BASED PLANNING / MATERIAL REQUIREMENT PLANNING

  • Material master data with MRP views
  • Forecast based planning
  • Manual Reorder planning

INVENTORY MANAGEMENT

  • Goods receipt
  • Goods issue
  • Stock Transport order (STO)
  • Transfer posting
  • Stock transfer
  • Subcontract order
  • Vendor consignment stock
  • Reservation

PHYSICAL INVENTORY MANAGEMENT

  • Physical inventory document
  • Count
  • Post the differences

INVOICE VERIFICATION

  • Invoice
  • Credit memo
  • Subsequent debit
  • Subsequent credit
  • Invoice block / release

RELEASE PROCEDURE FOR PURCHASE ORDER

  • PP
  • SD
  • FICO

ASAP ROAD MAP

  • INTERVIEW ORIENTED TRAINING
  • DISCUSSION ON INTERVIEW QUESTIONS
COMMENCING NEW BATCHES
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