Material Management

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Enterprise resource planning (ERP) is a cross-functional enterprise system driven by an integrated suite of software modules that supports the basic internal business processes of a company. ERP gives a company an integrated real-time view of its core business processes such as production, order processing, and inventory management, tied together by ERP applications software and a common database maintained by a database management system. ERP systems track business resources (such as cash, raw materials, and production capacity) and the status of commitments made by the business (such as customer orders, purchase orders, and employee payroll), no matter which department (manufacturing, purchasing, sales, accounting, and so on) has entered the data into the system. ERP facilitates information flow between all business functions inside the organization, and manages connections to outside stakeholders.

Enterprise system software is a multi-billion dollar industry that produces components that support a variety of business functions. IT investments have become the largest category of capital expenditure in United States-based businesses over the past decade. Enterprise systems are complex software packages that offer the potential of integrating data and processes across functions in an enterprise. Although the initial ERP systems focused on large enterprises, there has been a shift towards smaller enterprises also using ERP systems.

Organizations consider the ERP system a vital organizational tool because it integrates varied organizational systems and enables flawless transactions and production. However, an ERP system is radically different from traditional systems development. ERP systems can run on a variety of computer hardware and network configurations, typically employing a database as a repository for information.

Material Management Course Outline

  • Introductions to MM
  • Master Data
  • Source Determination
  • Purchasing
  • Document Types for Purchasing Documents
  • Release Procedure for Purchasing Documents
  • Conditions or Pricing Procedure or Price Determination
  • Procedure for Services
  • Inventory Management (IM)
  • Physical Inventory (PI)
  • Special Stocks and Special Procurement Types
  • Valuation and Account Determination
  • LOGISTICS Invoice Verification
  • Integration With Other Modules
  • Assignments / Mini Projects

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