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Stock control is an important part of the strategies used by any organizations to manage its supply chains. SAP MM or Material Management is one of the most central modules of SAP’s ERP system that deals with the procurement and management of inventory. Again, it makes supply chain management easier by eliminating or reducing human intervention through automation of some processes that include procurement, inventory management and material needs calculation. In this article, we will discuss how SAP MM online training can help one to master inventory management; the advantages of online training and certification and why ProExcellency in Bangalore is a good learning center for anyone.
Specifically, the paper aims at explaining SAP MM for Inventory Management.
SAP MM is one of the central components of the SAP ERP system, implemented to cover procurement and Indian related activities. It works in conjunction with other SAP modules such as SAP SD which stands for SAP sales and distribution, SAP PP, SAP production planning and SAP FICO which stands for SAP financial accounting and controlling with an aim of achieving proper supply chain management.
What is SAP MM?
SAP MM is one of the important modules of SAP, it assists organizations manage materials and procurement and also of inventory. SAP MM can be described as the process of acquiring materials, handling inventory, and moving these resources within an organization to ensure that organizations have access to materials they require in adequate quantity at appropriate intervals with out having to store large volumes of inventory or running out.
SAP MM is linked with other modules of SAP such as, SAP SD (Sales and Distribution), SAP PP (Production Planning), SAP FICO (Financial Accounting and controlling), and SAP WM (Warehouse Management). Through coupling, information is facilitated to pass through various segments of the company hence giving a complete picture of the inventories and material in the supply chain.
SAP MM in Inventory Management Module: Key Features
In the operation of inventory control, SAP MM has various functions that are essential in the process. Let’s explore some of the key features:
Every Business has its own Material Master Data Management.
Therefore, in SAP, the Material Master holds all information concerning the material. It includes vital information on materials consumed in the operations including raw materials, semi-finished and finished goods. This data includes:
Material Type: Describes whether the material is raw material or a finished product or Trading Material.
Material Group: For further categorization of similar materials to enhance their organization.
Storage Locations: The places that can be described by the physical address within the warehouses where the material is put.
Valuation and Pricing: Physical characteristics such as how it is used, and appraised for the purpose of preparing the balance sheet inventory.
The material master data is vital in inventory management since majority of all the necessary details for stock monitoring and procurement, as well as inventory valuation, originate from the data.
They include; Inventory control and stock control.
SAP MM offers appropriate means for stocking inventory in different locations to a maximum efficiency. It allows businesses to:
Record stock movements (goods receipts, goods issues, stock transfers) in real time.
Control the amounts of stock to make sure that the right quantity of the developed stocks is ready when it is due.
RSS feed for inventory health through the measurement of slow moving, and/or obsolete, or excess inventory.
Physical stock taking and stock taking reconciliation should be carried out by the inventory takers in order to ensure that the records held are correct.
In SAP MM little expenses for holding inventory is possible and the Inventory credibility can be well maintained so that the stock out and over stock conditions do not hamper the production and customer satisfaction respectively.
Procurement Process and Material Requisition and Planning System
SAP MM is involved in the procurement cycle where the materials necessary for a company’s production or consumption are determined and sourced from a vendor, managed and paid for. SAP MM helps businesses automate and streamline procurement processes by providing tools to:
Create purchase orders (requests for goods that are wanted).
Make the creation and tracking of purchase orders possible.
Supervise the handling of suppliers, and assessment of suppliers as well as supplier agreements.
Whenever there are schedules of production or forecasted sales, the company should MRP to determine the amount of material needed.
SAP MM automates these processes, which eliminates risks of error, time wastage, and disparate communication inherent in manual procurement systems hence improving flow of operations and inventory management.
Initial and Subsequent Goods Movement and Its Implication on Stock Valuation
Here again let’s look at how it works in SAP MM In one of the most important activities in inventory management, the movement of goods needs to be recorded. SAP MM allows organizations to manage various types of goods movements, including:
Goods Receipt (GR): Documenting the delivery of material from suppliers or production line.
Goods Issue (GI): Issue of materials to production, sales or other places in an organization.
Stock Transfers: Transfer of stocks within various stock reserves or between stock houses.
SAP MM makes sure that correct inventory counts are maintained, in every movement of inventory physical stock, thus helping in inventory stock controls. It also assists in cost control concerning inventory in the sense that the physical and actual value, that is the cost per material equals the price value, aids in book keeping and accounting.
Inventory different reporting and analysis
In turn, generating reports that give meaningful information about inventory would mean good inventory control. SAP MM offers several built-in reporting features to help organizations make informed decisions, including:
Stock Overview Reports: Contains information about current stock quantity, inventory value, location and transportation history.
Material Consumption Reports: Aids in tracking material consumption and as a result patterns in their use are easily noticed.
Inventory Turnover Ratio Reports: Enables users track the utilization of inventories in order to minimize on cases of overstocking.
Such reports help managers to evaluate the state of inventory and make right decisions about inventory management and further purchases and production.
Interface with Other SAP Functional Modules
SAP MM does not run alone as it interfaces with other SAP modules like SAP SD, SAP PP and SAP FICO so as to maintain compatibility of inventory details in the organization. For example:
Linkage with SAP SD (Sales and Distribution) makes it possible to influence supplier inventories every time materials are delivered to customers.
SAP PP integration provide check for production planning and gives an indication of material availability for certain production run.
SAP FICO integration guarantees that material valuation and costs of inventories are appropriately reflected on the financial books.
This integration tends to make SAP MM a focal point of inventory control and offers organizations an integrated and real-time sight of material and inventory status across the supply chain.

Advantages of using the SAP MM for Inventory Management
Real-Time Data Access: Due to real-time updating of inventory information, material needed, and procurement activities, it becomes easy for the business to make decisions and act upon the changes in demand or availability of the material.
Reduced Operational Costs: SAP MM mainly deals with automation of procurement and inventory where it contributes towards cutting down the manual work and possibilities of mistakes thus the operating costs are cut down and of course cash flow.
Revised customer satisfaction: Due to availability of materials when needed, the SAP MM enables organisations to meet production schedules and timely delivery of goods to customers, hence increases customer satisfaction.
Better Inventory Control: SAP MM helps a business to manage stocks, manage material movements, and forecast the material required so as to avoid overstocking, stockouts as well as maintaining obsolete stocks.
Reduced Purchase Cycle: SAP MM controls some of the most important procurement tasks like preparing purchase requisition and orders, liaising with vendors and tracking status of orders which in turn helps the procurement cycles to run more efficiently.

Why SAP MM Online Training and certification is Important?
As the need for people with special expertize in SAP MM grows greater, it has become possible to find sending of training through the internet. Here are some key advantages of opting for an SAP MM online course:
Flexibility: One advantage of online training is that it is flexible so you can take your time when doing the course amid other employment.
Expert-Led Sessions: To avail a genuine trainer, there’s always platforms such as ProExcellency that offers a trainer with industry-leading training experiences.
Hands-On Practice: The preferred online courses provide practical session that is useful in copying everyday trends hence the experience of the learners.
Certification Readiness: Training programs are conducted in order to deliver certified SAP MM professionals who would further enrich their careers.
Global Reach: It does not matter where you are, because the best programmes are offered with the most favourable reception in the country such as the ProExcellency in Bangalore.

ProExcellency: Welcome to your gateway to SAP MM expert training in Bangalore.
As far as the SAP MM online training in Bangalore is concerned ProExcellency is unarguably one of the best training institute. Located in Bangalore, a global hub for IT and business operations, ProExcellency offers a range of features that make it a preferred choice:
Experienced Trainers: The trainers of ProExcellency have practical knowledge of SAP MM implementation and alike, they are experienced trainers.
Comprehensive Curriculum: All important areas of the supply chain are also due by the end of the course, such as procurement, inventory, valuation, and reporting.
Interactive Learning: Online lectures, recorded Webinars, and question and answer sessions make learning an effective process.
Placement Support: Through our service, ProExcellency helps the learners prepare for interviews and land jobs in the existing challenging job market.


Some of the specific subjects you would find in SAP MM online courses are explained below.
Training about inventory management offered in SAP MM courses, like the SAP MM training in Chennai provided by ProExcellency , offers a complete concept of inventory. Key topics include:
Introduction to SAP MM:
Introducing SAP ERP and focuses on one of the modules; SAP MM.
Overview of SAP MM in inventory management and procurement process.
Master Data Management:
MM and VM both stands for Material Master and Vendor Master data respectively.
Master records management including its creation and control.
Procurement Process:
A purchase requisition form issues an order to the supplier and the goods received acknowledgment form.
Procurement cycle and its link with the inventory control system.
Inventory Management:
Goods issues and goods receipts functions, and handling and storage of stocks.
Inventory quantification and stock transportation policy.
Material Requirement Planning (MRP):
Ideally, it is recommended that potential users of MRP systems have informal knowledge on MRP concepts and configuration.
Material management and acquisition or procurement.
Invoice Verification:
It was found that ERPs could support three way matching of the invoices, purchase orders and the goods received notes.
Dealing with variance and implementations of correct vendor payroll.
Reporting and Analytics:
Production of reports on availability, cost and use of materials and goods.
In sap tools there are analytical tools used in making decisions.
Certification Preparation:
Information, tips, and resources for preparation of SAP MM certification tests.

SAP MM online Certification is very useful for learners in the following aspects:
An SAP MM certification proves your competency in managing the inventory and provides more prospects to your career. Here’s why pursuing certification is important:
Global Recognition: Certificate programs offered by SAP are accredited and appreciated by employers all around the world.
Career Advancement: This is because only certified personnel are usually offered better paying jobs in the market.
Increased Credibility: Certification simply serves to show how determined you are in ensuring that you gain mastery of SAP MM.
Industry Demand: Recruiting professionals certified in SAP MM is preferred by organizations to maintain an optimal performance of their business.
To prepare its clients for the certification exam, the company has incorporated topics that will be tested on the SAP MM online course.
Online SAP MM training in Bangalore
Hailing from the Silicon Valley of India, Bangalore is a city known for its technological and business development. Opting for an SAP MM online course in Bangalore offers several advantages:
Access to a Thriving Job Market: This is a centre for many multinationals, start-ups, IT firms which all need professionals in SAP.
Networking Opportunities: Employment in such healthcare organization can afford an opportunity to be endure of profuse network.
Local Support: As a result, learners will be able to find local resources and support since ProExcellency is located in Bangalore.

To whom does SAP MM Training belong?
SAP MM online training is suitable for a wide range of professionals, including:
There is an identified need among the supply chain professionals who would like to have more knowledge in this field.
Under graduates intending to venture into the SAP consulting industry.
More so, IT professionals looking for new specialization area or additional skill sets to add to their repertoire.
Specifically, food chains, retailers and wholesalers, personnel involved in inventory management such as business analysts, project managers and inventory managers are the target population of this research.
ProExcellency ensures that learners from all over the world take its courses, thus making it a perfect option for anyone wishing to become experts in SAP MM.

Conclusion:
SAP MM training is an add entrance to comprehend inventory management and a perfect initiation to construct a payingly brilliant career connected to the supply chain operations. Unfortunately, it is a field that is not heavily addressed by conventional academic training, although online training programs such as those offered by ProExcellency in Bangalore offer the opportunities, the trainer’s guidance along with the preparation needed in the form of certifications. When you opt for an SAP MM online course, you become equipped with the theoretical understanding and practical expertise needed to manage procurement and inventory for an organisation and would be added value to any organisation.
Don’t wait—begin your road to SAP MM professional with ProExcellency now and open doors to endless possibilities in the growing SAP MM industry of inventory control.