SAP MM Materials Management S/4HANA based (beginner to guru)

About SAP MM Materials Management S/4HANA based (beginner to guru)

A warm welcome to the SAP S/4HANA MM course by Uplatz.

What is SAP S/4HANA MM?

SAP S/4HANA MM (Materials Management) is a module within the SAP S/4HANA suite designed to streamline and automate the processes related to procurement and inventory management. It helps organizations manage their materials efficiently, ensuring the right materials are available at the right time and in the right quantity. SAP S/4HANA MM leverages the power of SAP's HANA in-memory database, providing real-time data processing and enhanced performance. SAP S/4HANA MM enables organizations to manage their materials and procurement processes more effectively, leading to increased operational efficiency, better inventory control, and cost savings.

How Does SAP S/4HANA MM Work?

Key Components and Processes:

Material Master Data Management

Central Repository: Manages comprehensive data about materials, including descriptions, classifications, units of measure, purchasing data, and inventory data.

Consistency: Ensures data consistency and accuracy across the organization by maintaining real-time updates.

Procurement Process

Purchase Requisitions and Orders: Automates the creation, approval, and processing of purchase requisitions and orders, making procurement efficient and less error-prone.

Supplier Management: Facilitates the evaluation, selection, and monitoring of suppliers to ensure quality and reliability.

Contracts and Scheduling Agreements: Manages long-term agreements with suppliers, helping in securing better procurement terms and conditions.

Inventory Management

Stock Management: Tracks inventory levels, movements, and valuations in real-time, ensuring accurate stock data.

Goods Receipt and Issue: Manages the receipt of goods into inventory and the issuance of goods for production or sales.

Transfer Posting and Stock Transfers: Handles internal stock movements and transfers between different locations or plants.

Material Requirements Planning (MRP)

Forecasting: Uses real-time data and predictive analytics to forecast material needs and ensure timely availability of materials.

Planning Runs: Executes MRP runs to determine material requirements and generate procurement proposals, reducing the risk of material shortages or overstocking.

Invoice Verification

Three-way Matching: Matches purchase orders, goods receipts, and supplier invoices to ensure accuracy and completeness before processing payments.

Discrepancy Handling: Manages invoice discrepancies and processes credit memos.

Valuation and Account Determination

Material Valuation: Supports different methods of material valuation, such as moving average price and standard price.

Account Determination: Automatically determines the correct financial accounts for material transactions, ensuring accurate financial reporting.

Reporting and Analytics

Real-time Analytics: Provides built-in reporting tools and real-time analytics for monitoring inventory and procurement performance.

KPI Dashboards: Offers dashboards to track key performance indicators (KPIs) and support decision-making.

Integration with Other Modules

Seamless Integration: Integrates with other SAP modules such as Sales and Distribution (SD), Production Planning (PP), Quality Management (QM), and Financial Accounting and Controlling (FICO), ensuring smooth end-to-end business processes.

Benefits:

Enhanced Efficiency: Automation of routine tasks reduces manual effort and processing time.

Real-time Data Access: Real-time visibility into inventory levels and procurement activities supports quick decision-making.

Cost Savings: Optimized inventory levels and improved procurement processes lead to cost savings.

Improved User Experience: Modern, intuitive user interfaces and mobile access enhance user productivity.

Uplatz offers this comprehensive course on SAP S/4HANA MM. If you are a Logistics and Supply Chain Management (SCM) consultant or want to become one, then the single most relevant SAP module you need to know well (it’s best to master it!) is SAP MM. This is due to the fact that MM heavily integrates with not just all the core logistics and SCM processes but also with finance and managerial accounting (or controlling).

In this SAP S/4HANA MM training, you’ll explore the organizational structure of MM in S/4HANA infrastructure, which incorporates company codes, plants, storage locations, purchasing organizations, purchasing groups, and calendars. The course covers material master, where you’ll learn about configuration and data and understand the purchasing information record and how it contains data specific to a particular material and business partner. Also you will learn how to create and process purchase requisitions, create a new purchase requisition type to fully grasp the configuration process. Get a grasp on RFQ functions - how they’re created, released, and sent to selected vendors, as well as examine the process in which the quotation is received from the vendor, and how to enter quotations, compare competing quotations, and reject the losing bids. In this SAP S/4HANA MM course, you'll see practical scenarios on how POs are created, including the various functions associated with the PO such as account assignment, message output, and order type. Alongside you will be able to review the variations, such as outline purchase agreements, scheduling agreements, and contacts. In the procurement section there is a review the external service management side of procurement—the service master record, the standard service catalog, and the service entry—along with special procurement types, which enables a company to manage specialized business processes in procurement or inventory management.

All topics related to S4HANA MM planning & inventory, and the related tools/features are covered under this S/4HANA MM course.

Course Objectives

Comprehend the significant service processes in S/4HANA MM

Understand exactly how to complete business procedures in S/4HANA MM

Understand core technical concepts of SAP S/4HANA MM

Configure SAP S/4HANA for your materials management requirements

S/4HANA Sourcing and Procurement process overview

S/4HANA Sourcing and Procurement Organizational Units and Master Data

Maintain critical material and business partner records

Walk through procurement, MRP, inventory management, and more

SAP S/4HANA MM - Course Curriculum

1. Introduction to SAP S/4HANA and Materials Management

Overview of SAP S/4HANA

Introduction to SAP S/4HANA MM

Key Concepts and Terminology

System Navigation and SAP Fiori Launchpad

2. Master Data Management

Material Master Data

Vendor Master Data

Purchase Info Records

Source List and Quota Arrangement

3. Procurement Process

Purchase Requisition

Request for Quotation (RFQ) and Quotation Management

Purchase Order Processing

Outline Agreements (Contracts and Scheduling Agreements)

Procurement of Stock Material

Procurement of Consumable Material

Service Procurement

4. Inventory Management

Goods Receipt and Goods Issue

Transfer Posting and Stock Transfers

Reservations

Physical Inventory and Inventory Adjustments

Batch Management

Handling Unit Management

5. Material Requirements Planning (MRP)

Overview of MRP in SAP S/4HANA

MRP Process and Strategies

Planning Run (MRP Live)

Lot Sizing Procedures

MRP Results and Exception Messages

6. Valuation and Account Determination

Material Valuation

Split Valuation

Automatic Account Determination

Price Control (Standard and Moving Average Price)

7. Invoice Verification

Logistics Invoice Verification Process

Handling of Variances (Price, Quantity)

Invoice Blocking and Release

Subsequent Debits/Credits

Credit Memo Processing

8. Inventory Management Reporting and Analysis

Standard Reports (MB51, MB52, etc.)

Stock Overview and Analysis

Inventory Turnover Analysis

SAP Fiori Analytical Apps for Inventory Management

9. Integration with Other Modules

Integration with SAP SD (Sales and Distribution)

Integration with SAP PP (Production Planning)

Integration with SAP QM (Quality Management)

Integration with SAP FICO (Financial Accounting and Controlling)

10. Advanced Topics in SAP S/4HANA MM

Advanced MRP (e.g., MRP Areas)

Subcontracting Process

Consignment Process

Third-Party Processing

External Services Management

11. SAP S/4HANA Innovations in Materials Management

SAP Fiori Apps for MM

SAP Ariba Integration

SAP S/4HANA Embedded Analytics for MM

Machine Learning and Predictive Analytics in MM

12. Configuration and Customization

Basic Customizing Settings for MM

Organizational Structure in MM

Purchasing Configuration

Inventory Management Configuration

Release Strategy for Purchasing Documents

This SAP S/4HANA MM with Sourcing & Procurement course will give you the fundamental knowledge and a comprehensive overview of the processes in sourcing in SAP S/4HANA. Participants learn about the fundamental elements of materials management. Individuals understand usage of the procurement processes for stock material and consumable materials, the basic functions from purchasing, inventory management and invoice verification.

The SAP S/4HANA MM & Procurement course covers all important topics prescribed for latest SAP S/4 Sourcing and Procurement certification exam C_TS450_1909 SAP Certified Application Associate – SAP MM (S/4HANA Sourcing).