Fundamentals of ERP System: ERP Stands for Enterprise Resource Planning is the software to run the operations of any organization through the integration of different functions in the system. ERP has been generated to record every transaction that occurs in the organization for the tracking of every activity and transactions. ERP is configured mostly by MIS teams and there are various software and modules of ERP that exist in the market to further specify the business operations and better reporting.
SAP MM Module
MM is one of the modules in SAP called SAP MM Module, MM stands for Materials Management which refers to functions of the supply chain including procurement, inventory management, warehousing, and sales. Materials management is a process to ensure any shortage of raw material, components, and finished goods, it helps in maintaining the minimum stock which is also called buffer stock to run sales smoothly. SAP MM Module also includes monitoring of inventory, sales forecast, and current sales of each SKU which comes under MRP (Material Resource Planning). MRP comes under the production planning of Supply Chain.
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