Material management is concerned with planning, organizing, and controlling the flow of materials from initial purchase through operations and distribution. The Materials Management (MM) module in SAP supports procurement and inventory functions. MM consists of master data, transactions, and the procure-to-pay process. Key functions include purchasing, inventory management, invoice verification, and integration with other SAP modules like finance, sales, and production. An SAP MM consultant's roles include configuration, implementation support, and troubleshooting issues.
SAP MM (Material Management) is one of the most important modules in SAP ERP software program. SAP MM software module supports the procurement and stock capabilities going on in each day organization operations.
Every agency acquires material or offerings to complete its enterprise needs. The process of buying materials and acquiring offerings from providers or dealers is procurement.
SAP MM (Material Management) is one of the most important modules in SAP ERP software program. SAP MM software module supports the procurement and stock capabilities going on in each day organization operations.
Every agency acquires material or offerings to complete its enterprise needs. The process of buying materials and acquiring offerings from providers or dealers is procurement.
Refresher of basic Materials Management terms. Sometimes the simple things are all that matters. These slides are easy to understand and would remind you what SAP MM is all about.
Some levels of confusion between SAP MM and SAP S/4 HANA still exist with the majority of the people these days. In this infographic, we provide clarity for those who are wrestling with the differences between the two.
sitc training is introducing SAP Material Management corporate training contact us:+91-9533456356, by real time specialists in SAP Material Management corporate Training everywhere the india like Hyderabad, Bangalore, Mumbai, Chennai, Pune, kerala, Maharashtra, Karnataka, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Punjab, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand, West Bengal etc.
SAP Material Management corporate training placement and certification.
For any more details please contact
India +91-9533 456 356
USA:+1-847-787-7647
https://www.facebook.com/spectoittraining
Refresher of basic Materials Management terms. Sometimes the simple things are all that matters. These slides are easy to understand and would remind you what SAP MM is all about.
Some levels of confusion between SAP MM and SAP S/4 HANA still exist with the majority of the people these days. In this infographic, we provide clarity for those who are wrestling with the differences between the two.
sitc training is introducing SAP Material Management corporate training contact us:+91-9533456356, by real time specialists in SAP Material Management corporate Training everywhere the india like Hyderabad, Bangalore, Mumbai, Chennai, Pune, kerala, Maharashtra, Karnataka, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Punjab, Sikkim, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand, West Bengal etc.
SAP Material Management corporate training placement and certification.
For any more details please contact
India +91-9533 456 356
USA:+1-847-787-7647
https://www.facebook.com/spectoittraining
Are you looking for a comprehensive guide that can help you in selecting which type of software is needed for your business process to function efficiently? Have a glance on this presentation to know about Enterprise Resource Planning (ERP) software and Warehouse Management Solution (WMS) software with an in–depth detailing about the differences, usability and applicability of both the solutions.
SAP ERP1. Describe the Production Planning and Execution process.docxkenjordan97598
SAP ERP
1. Describe the Production Planning and Execution process (as implemented in SAP ERP) starting from sales and operations planning all the way to the receiving of the finished goods into stock. Use a diagram to show the linkages between the different modules.
The diagram above shows the role of the application functionality, Production Planning and Control, within the SAP ERP system. The Production Planning and Control application deals mostly with quantity and time-based planning and controls the production process. Within the Production Planning and Control system, various modules are interconnected to facilitate data exchange and document flow, and to increase functionality. The diagram below shows a breakdown of these main modules within Production Planning and Control.
Sales and Operations Planning contains some of the higher level planning. For example, it includes the overall planning at the company level. The main function of Sales and Operations Planning is to determine the quantities to be produced. To this end, Sales and Operations Planning is a forecasting and planning tool where sales and production goals can be set on the basis of historical, existing, and estimated future data. Consequently, Sales and Operations Planning is mostly useful for medium and long-term planning. Additionally, Sales and Operations Planning gives the user the ability to do rough-cut planning to come up with an idea of the different types of resources and production capacities required to meet the goals set by the Sales and Operations Planning function itself. Once the goals are set, and the production quantities are determined, it is time to utilize the next module, Demand Management.
The main function of Demand Management is to pick up where Sales and Operations Planning left off by calculating the independent requirements for production. To do this, once the data from Sales and Operations Planning is transferred to Demand Management, requirement dates and requirement quantities can be determined in accordance with planning strategy. The planned independent requirements will then, in turn, be given individual dates and will go on to facilitate production planning.
The next step in the process is Material Requirements Planning, or MRP. MRP is the main function of production planning. It will take the demand program that was created within Demand Management and integrate that information with things like lead times, lot sizes, and scrap quantities. MRP will create the planned orders at every bill of materials level to cover the requirements. The long-term planning part of this step is used to determine how a change in the planned independent requirements will affect capacity utilization, stocks, and external procurement.
The next step in the Production Planning and Execution Process is to create the planned orders that will ultimately be integral to the production process. It is important to know that the planned orders are not binding a.
Adidas 2010 world cup campaign is very famous and most successful campaign. In 2010 world cup time they launched revolutionary boot called F50 adizero with messi, zidane, villa etc. the campaign was clearly structured and well organized they used both offline and online to promote.
Most small businesses struggle to see marketing results. In this session, we will eliminate any confusion about what to do next, solving your marketing problems so your business can thrive. You’ll learn how to create a foundational marketing OS (operating system) based on neuroscience and backed by real-world results. You’ll be taught how to develop deep customer connections, and how to have your CRM dynamically segment and sell at any stage in the customer’s journey. By the end of the session, you’ll remove confusion and chaos and replace it with clarity and confidence for long-term marketing success.
Key Takeaways:
• Uncover the power of a foundational marketing system that dynamically communicates with prospects and customers on autopilot.
• Harness neuroscience and Tribal Alignment to transform your communication strategies, turning potential clients into fans and those fans into loyal customers.
• Discover the art of automated segmentation, pinpointing your most lucrative customers and identifying the optimal moments for successful conversions.
• Streamline your business with a content production plan that eliminates guesswork, wasted time, and money.
The digital marketing industry is changing faster than ever and those who don’t adapt with the times are losing market share. Where should marketers be focusing their efforts? What strategies are the experts seeing get the best results? Get up-to-speed with the latest industry insights, trends and predictions for the future in this panel discussion with some leading digital marketing experts.
Top 3 Ways to Align Sales and Marketing Teams for Rapid GrowthDemandbase
In this session, Demandbase’s Stephanie Quinn, Sr. Director of Integrated and Digital Marketing, Devin Rosenberg, Director of Sales, and Kevin Rooney, Senior Director of Sales Development will share how sales and marketing shapes their day-to-day and what key areas are needed for true alignment.
AI-Powered Personalization: Principles, Use Cases, and Its Impact on CROVWO
In today’s era of AI, personalization is more than just a trend—it’s a fundamental strategy that unlocks numerous opportunities.
When done effectively, personalization builds trust, loyalty, and satisfaction among your users—key factors for business success. However, relying solely on AI capabilities isn’t enough. You need to anchor your approach in solid principles, understand your users’ context, and master the art of persuasion.
Join us as Sarjak Patel and Naitry Saggu from 3rd Eye Consulting unveil a transformative framework. This approach seamlessly integrates your unique context, consumer insights, and conversion goals, paving the way for unparalleled success in personalization.
How to Run Landing Page Tests On and Off Paid Social PlatformsVWO
Join us for an exclusive webinar featuring Mariate, Alexandra and Nima where we will unveil a comprehensive blueprint for crafting a successful paid media strategy focused on landing page testing.With escalating costs in paid advertising, understanding how to maximize each visitor’s experience is crucial for retention and conversion.
This session will dive into the methodologies for executing and analyzing landing page tests within paid social channels, offering a blend of theoretical knowledge and practical insights.
The Pearmill team will guide you through the nuances of setting up and managing landing page experiments on paid social platforms. You will learn about the critical rules to follow, the structure of effective tests, optimal conversion duration and budget allocation.
The session will also cover data analysis techniques and criteria for graduating landing pages.
In the second part of the webinar, Pearmill will explore the use of A/B testing platforms. Discover common pitfalls to avoid in A/B testing and gain insights into analyzing A/B tests results effectively.
Come learn how YOU can Animate and Illuminate the World with Generative AI's Explosive Power. Come sit in the driver's seat and learn to harness this great technology.
The session includes a brief history of the evolution of search before diving into the roles technology, content, and links play in developing a powerful SEO strategy in a world of Generative AI and social search. Discover how to optimize for TikTok searches, Google's Gemini, and Search Generative Experience while developing a powerful arsenal of tools and templates to help maximize the effectiveness of your SEO initiatives.
Key Takeaways:
Understand how search engines work
Be able to find out where your users search
Know what is required for each discipline of SEO
Feel confident creating an SEO Plan
Confidently measure SEO performance
10 Video Ideas Any Business Can Make RIGHT NOW!
You'll never draw a blank again on what kind of video to make for your business. Go beyond the basic categories and truly reimagine a brand new advanced way to brainstorm video content creation. During this masterclass you'll be challenged to think creatively and outside of the box and view your videos through lenses you may have never thought of previously. It's guaranteed that you'll leave with more than 10 video ideas, but I like to under-promise and over-deliver. Don't miss this session.
Key Takeaways:
How to use the Video Matrix
How to use additional "Lenses"
Where to source original video ideas
For too many years marketing and sales have operated in silos...while in some forward thinking companies, the two organizations work together to drive new opportunity development and revenue. This session will explore the lessons learned in that beautiful dance that can occur when marketing and sales work together...to drive new opportunity development, account expansion and customer satisfaction.
No, this is not a conversation about MQLs and SQLs. Instead we will focus on a framework that allows the two organizations to drive company success together.
Mastering Local SEO for Service Businesses in the AI Era is tailored specifically for local service providers like plumbers, dentists, and others seeking to dominate their local search landscape. This session delves into leveraging AI advancements to enhance your online visibility and search rankings through the Content Factory model, designed for creating high-impact, SEO-driven content. Discover the Dollar-a-Day advertising strategy, a cost-effective approach to boost your local SEO efforts and attract more customers with minimal investment. Gain practical insights on optimizing your online presence to meet the specific needs of local service seekers, ensuring your business not only appears but stands out in local searches. This concise, action-oriented workshop is your roadmap to navigating the complexities of digital marketing in the AI age, driving more leads, conversions, and ultimately, success for your local service business.
Key Takeaways:
Embrace AI for Local SEO: Learn to harness the power of AI technologies to optimize your website and content for local search. Understand the pivotal role AI plays in analyzing search trends and consumer behavior, enabling you to tailor your SEO strategies to meet the specific demands of your target local audience. Leverage the Content Factory Model: Discover the step-by-step process of creating SEO-optimized content at scale. This approach ensures a steady stream of high-quality content that engages local customers and boosts your search rankings. Get an action guide on implementing this model, complete with templates and scheduling strategies to maintain a consistent online presence. Maximize ROI with Dollar-a-Day Advertising: Dive into the cost-effective Dollar-a-Day advertising strategy that amplifies your visibility in local searches without breaking the bank. Learn how to strategically allocate your budget across platforms to target potential local customers effectively. The session includes an action guide on setting up, monitoring, and optimizing your ad campaigns to ensure maximum impact with minimal investment.
SEO as the Backbone of Digital MarketingFelipe Bazon
In this talk Felipe Bazon will share how him and his team at Hedgehog Digital share our journey of making C-Levels alike, specially CMOS realize that SEO is the backbone of digital marketing by showing how SEO can contribute to brand awareness, reputation and authority and above all how to use SEO to create more robust global marketing strategies.
Search Engine Marketing - Competitor and Keyword researchETMARK ACADEMY
Over 2 Trillion searches are made per day in Google search, which means there are more than 2 Trillion visits happening across the websites of the world wide web.
People search various questions, phrases or words. But some words and phrases are searched
more often than others.
For example, the words, ‘running shoes’ are searched more often than ‘best road running
shoes for men’
These words or phrases which people use to search on Google are called Keywords.
Some keywords are searched more often than others. Number of times a keyword is searched
for in a month is called keyword volume.
Some keywords have more relevant results than others. For the phrase “running shoes” we
get more than 80M relevant results, whereas for “best road running shoes for men” we get
only 8.
The former keyword ‘running shoes’ has way more competition from popular websites to
new and small blogs, whereas the latter keyword doesn’t have that much competition. This
search competition for a keyword is called search difficulty of a keyword or keyword
difficulty.
In other words, if the keyword difficulty is ‘low’ or ‘easy’, there won’t be any competition
and if you target such keywords on your site, you can easily rank on the front page of Google.
Some keywords are searched for, just to know or to learn some information about something,
that’s their search intention. For example, “What shoe size should I choose?” or “How to pick
the right shoe size?”
These keywords which are searched just to know about stuff are called informational
keywords. Typically people who are searching this type of keywords are top of a Conversion
funnel.
Conversion funnel is the journey that search visitors go through on their way to an email
subscription or a premium subscription to the services you offer or a purchase of products
you sell or recommend using your referral link.
For some buyers, research is the most important part when they have to buy a product.
Depending on that, their journey either widens or narrows down. These types of buyers are
Researchers and they spend more time with informational keywords.
Conversion is the action you want from your search visitors. Number of conversions that you
get for every 100 search visitors is called Conversion rate.
People who are at different stages of a conversion funnel use different types of keywords.
Unleash the power of UK SEO with Brand Highlighters! Our guide delves into the unique search landscape of Britain, equipping you with targeted strategies to dominate UK search engine results. Discover local SEO tactics, keyword magic for UK audiences, and mobile optimization secrets. Get your website seen by the right people and propel your brand to the top of UK searches.
To learn more: https://brandhighlighters.co.uk/blog/top-seo-agencies-uk/
Digital Money Maker Club – von Gunnar Kessler digital.focsh890
Title One is a comprehensive examination of the impact of digital technologies on
modern society. In a world where technology continues to advance rapidly, this article delves into the nuances and complexities of the digital age, exploring Its implications across various sectors and aspects of life.
Digital Commerce Lecture for Advanced Digital & Social Media Strategy at UCLA...Valters Lauzums
E-commerce in 2024 is characterized by a dynamic blend of opportunities and significant challenges. Supply chain disruptions and inventory shortages are critical issues, leading to increased shipping delays and rising costs, which impact timely delivery and squeeze profit margins. Efficient logistics management is essential, yet it is often hampered by these external factors. Payment processing, while needing to ensure security and user convenience, grapples with preventing fraud and integrating diverse payment methods, adding another layer of complexity. Furthermore, fulfillment operations require a streamlined approach to handle volume spikes and maintain accuracy in order picking, packing, and shipping, all while meeting customers' heightened expectations for faster delivery times.
Amid these operational challenges, customer data has emerged as an important strategy. By focusing on personalization and enhancing customer experience from historical behavior, businesses can deliver improved website and brand experienced, better product recommendations, optimal promotions, and content to meet individual preferences. Better data analytics can also help in effectively creating marketing campaigns, improving customer retention, and driving product development and inventory management.
Innovative formats such as social commerce and live shopping are beginning to impact the digital commerce landscape, offering new ways to engage with customers and drive sales, and may provide opportunity for brands that have been priced out or seen a downturn with post-pandemic shopping behavior. Social commerce integrates shopping experiences directly into social media platforms, tapping into the massive user bases of these networks to increase reach and engagement. Live shopping, on the other hand, combines entertainment and real-time interaction, providing a dynamic platform for showcasing products and encouraging immediate purchases. These innovations not only enhance customer engagement but also provide valuable data for businesses to refine their strategies and deliver superior shopping experiences.
The e-commerce sector is evolving rapidly, and businesses that effectively manage operational challenges and implement innovative strategies are best positioned for long-term success.
A.I. (artificial intelligence) platforms are popping up all the time, and many of them can and should be used to help grow your brand, increase your sales and decrease your marketing costs.In this presentation:We will review some of the best AI platforms that are available for you to use.We will interact with some of the platforms in real-time, so attendees can see how they work.We will also look at some current brands that are using AI to help them create marketing messages, saving them time and money in the process. Lastly, we will discuss the pros and cons of using AI in marketing & branding and have a lively conversation that includes comments from the audience.
Key Takeaways:
Attendees will learn about LLM platforms, like ChatGPT, and how they work, with preset examples and real time interactions with the platform. Attendees will learn about other AI platforms that are creating graphic design elements at the push of a button...pre-set examples and real-time interactions.Attendees will discuss the pros & cons of AI in marketing + branding and share their perspectives with one another. Attendees will learn about the cost savings and the time savings associated with using AI, should they choose to.
Mastering Multi-Touchpoint Content Strategy: Navigate Fragmented User JourneysSearch Engine Journal
Digital platforms are constantly multiplying, and with that, user engagement is becoming more intricate and fragmented.
So how do you effectively navigate distributing and tailoring your content across these various touchpoints?
Watch this webinar as we dive into the evolving landscape of content strategy tailored for today's fragmented user journeys. Understanding how to deliver your content to your users is more crucial than ever, and we’ll provide actionable tips for navigating these intricate challenges.
You’ll learn:
- How today’s users engage with content across various channels and devices.
- The latest methodologies for identifying and addressing content gaps to keep your content strategy proactive and relevant.
- What digital shelf space is and how your content strategy needs to pivot.
With Wayne Cichanski, we’ll explore innovative strategies to map out and meet the diverse needs of your audience, ensuring every piece of content resonates and connects, regardless of where or how it is consumed.
2. MATERIALS MANAGEMENT
DEFINITION:
Material management is concerned with
planning, organizing and controlling the flow of
materials from their initial purchase through
internal operations to the service point through
distribution.
SCOPE
Emphasis on the acquisition
aspect
Inventory control and stores
management
Material logistics, movement
control and Handling aspect
Purchasing, supply
, transportation , materials
5R
Aim
To GET
The Right quality
Right quantity of supplies
At the Right time
At the Right place
At the Right cost
3. MM in SAP
The Materials management (MM) function
of SAP is part of the logistics area.
It is one of the important modules in SAP
ERP software and MM application module
supports the procurement and inventory
functions occurring in day-to-day business
operations.
The Materials Management module consists of
all master data, system configuration, and
transactions to complete the Procure to Pay
process.
This process map spans from MRP generated
procurement proposals through final invoice
receipt and verification.
4. Purchasing
Valuation
It includes material price
change, balance sheet
valuation, actual costing/material
ledger
Foreign trade
Manage import and export
processes, integrating them
efficiently into the supply chain
External procurement of materials and services
And Determination of possible sources of supply
for a requirement identified by the materials
planning and control system or arising directly
within a user department
Inventory
management
It deals with Management
of material stocks on a
quantity and value basis
Material master
It information on all the materials
that a company procures or
produces, stores, and sells.
Logistic invoice verification
MRP
It is situated at the end of the logistics supply chain
that includes Purchasing, Inventory
Management, and Invoice Verification.
It includes, Reorder point
procedure
Forecast-based planning
Time-phased materials
planning
Service master
Product catalog
The materials and prices in the product
catalog
It provides a basic process for the
procurement of externally performed
services.
5. ORGANIZATIONAL STRUCTURE
The organizational structures form a
framework of a company in which
business is conducted.
A hierarchy in which the organizational units in an
enterprise are arranged according to tasks and
functions
MM module is fully integrated with other modules in the SAP R/3
System such as Finance (FI), Controlling (CO), Sales and Distribution
(SD), Quality Management (QM), Plant Maintenance (PM), Production
Planning (PP), and Warehouse Management(WM).
7. Client:
Represents a grouping or combination of
legal, organizational, business and/or
administrative units with a common purpose.
Company Code:
Company Code represents an independent accounting unit within a client. Each
company code has its own balance sheet and its own profit and loss statement.
Plant:
Operational unit within a
company code.
Storage Location:
This level contains the data specific to a storage
location. Stock levels are an example of the
data maintained for each storage location.
Purchasing Organization:
An organizational unit responsible for procuring materials or
services for one or more plants and for negotiating general
conditions of purchase with vendors. The purchasing organization
assumes legal responsibility for all external purchase transactions.
Purchasing Group:
The purchasing organization is further subdivided into purchasing
groups, which are responsible for day-to-day buying activities. A
purchasing group can also act for several purchasing organizations
9. JOB roles of SAP MM consultant
Role during implementation of the project
Understand the business requirements, Setting up organization
structure of MM and relevant configuration like Purchase
organization, valuation area plants, storage location, and warehouse
structure etc.
Finalization of material groups, purchasing groups, payment
terms, Inco terms, material master, vendor master and all purchasing
and inventory documents, Pricing Procedure, Purchase requisition
and purchase order and set up of Indian taxation structure.
Role during support project
Interaction with client through net meetings, calls & emails.
Handling Tickets & Tasks and responsible for closing the same within defined
SLAs, and troubleshooting the issues in the system and providing
support, Executing the needed changes in configuration, analysis and
resolution of production support calls
Raising Change Requests (CRs) and writing functional specifications for them
and Preparing test data for testing CRs, Testing CRs (Change Requests) and
preparing test results
10. Menu Path:
SAP Easy Access
Tools
Customizing
IMG
Execute Project
Reaching SAP
implementation guide(IMG)
18. • Invoicing
Invoice Posting
Variances and Blocking Reasons
Release Blocked Invoices
Automatic Settlements - Evaluated Receipt
Settlement (ERS)
• Valuation and accounts assignment
Materials Price Change
• Basic overview
Materials Valuation Type
SAP overview
Configure Automatic Account Determination
SAP MM overview
• Materials Requirements Planning (MRP)
• Procurement process in SAP MM
Planning Requirements
Master Data
Over All Procedures
Materials Master
Planning Run
Vendor Master
• Reporting in SAP MM
purchasing
Reporting at Document Level
Special stocks and special procurement types
Reporting with the Logistics Information
source determination
System
release procedures for purchasing documents
• Configuration
• Inventory management
Enterprise Structure in MM
Goods Receipt
Materials Master
Goods Issue
Purchase Requisition
Transfer Posting
• Integration of MM with various modules
Reservation
Overview of integration of MM with other
Physical Inventory
modules FICO, SD and PP
SYLLABU
S
19. Salary range for SAP MM
consultant
freshers
lessthan 1 year
1-4 years
5-9 years
10-15 years
15 years and more
0
2
4
6
8
10
12
14
20. CONCLUSION
• SAP SD module is the one which is very interesting and important module in SAP compare
to other modules.
• This includes the material management in industry, it is responsible for all the steps during
the purchase of materials and maintaining that materials.
• MM module is integrated with other SAP modules such as controlling(CO), sales and
distribution(SD), quality management(QM), plant maintenance(PM), production
planning(PP), warehouse management(WM) and financial accounting(FI).
• This module has a great impact on every industry because every industry works on
this, so demand for this module is more compare to other modules in SAP.
• The opportunities in MM module are more, every time it has bull run demand.
• More of this module is related for MBA professionals in any specialization but it is related
to who did specialization in Marketing and finance, even for others also it is very good as
we can observe in many job portals and other sources.
• In Mm module salaries providing by companies are huge and compare to previous years
the salaries are increased 3-4 % according to payscale.com and ITJOBSWATCH.com.
Editor's Notes
Definition of the materials management module and its scope,The aim of this module is we can indicate with 5R’s those are,To achieve right quality and quantity at right time, right place, with right cost.
This is the materials management module role in SAP
These are the components and functions of MATERILS MANAGEMENT module in SAP, it includes PurchasingValuationInventory managementForeign tradeMaterial masterLogistic invoice verificationMRP(materials requirement planning)Product catalog andService master.
This is the organizational structure of MM module, this is very important in MM Module.
This is the structure of an organization in MM module and sub modules of MM.
This is the explanation of each factor in organizational structure of module MM in SAP.
Process flow of SAP MM module, this I have explained in one topic explanation in 17th slide.
These are the job roles of MM consultant in SAP.This data is integrated from different sources.
This is the screen shot for reaching SAP implementation guide (IMG)
Screen shot for SAP reference image.
This is the screen that shows nodes related to MM and other modulesMenu path for MM area – SAP Customizing Implementation Guide (IMG) > Enterprise Structure > Definition SAP Customizing Implementation Guide (IMG) > Enterprise Structure > Assignment SAP Customizing Implementation Guide (IMG) > Logistics – General > Material Master SAP Customizing Implementation Guide (IMG) > Materials Management
Screen shot for creating a plant in MM module.
Screenshot for creating a storage location in SAP.
Screenshot for creating a purchase order
Screenshot for invoice verification
One topic explanation: MM process flowThis is the typical procurement cycle for a service or material consists of the following phasesDetermination of RequirementsMaterials requirements are identified either in the user departments or via materials planning and control. This can cover both MRP proper and the demand-based approach to inventory control. The regular checking of stock levels of materials defined by master records, use of the order-point method, and forecasting on the basis of past usage are important aspects of the latter.wecan enter purchase requisitions our self, or they can be generated automatically by the materials planning and control system.2. Source DeterminationThe Purchasing component helps to identify potential sources of supply based on past orders and existing longer-term purchase agreements. This speeds the process of creating requests for quotation (RFQs), which can be sent to vendors electronically via SAP EDI, if desired.3. Vendor Selection and Comparison of QuotationsThe system is capable of simulating pricing scenarios, allowing us to compare a number of different quotations. Rejection letters can be sent automatically.4. Purchase Order ProcessingThe Purchasing system adopts information from the requisition and the quotation to help you create a purchase order. As with purchase requisitions, we can generate Pos our self or have the system generate them automatically. Vendor scheduling agreements and contracts are also supported.5. Purchase Order Follow-UpThe system checks the reminder periods we have specified and - if necessary - automatically prints reminders or expediters at the predefined intervals. It also provides uswith an up-to-date status of all purchase requisitions, quotations, and purchase orders.6. Goods Receiving and Inventory ManagementGoods Receiving personnel can confirm the receipt of goods simply by entering the Po number. By specifying permissible tolerances, buyers can limit over- and under deliveries of ordered goods.7. Invoice VerificationThe system supports the checking and matching of invoices. The accounts payable clerk is notified of quantity and price variances because the system has access to PO and goods receipt data. This speeds the process of auditing and clearing invoices for payment.
Reference from: http://payscale.comCountry: INDIA currency: INR updated: 13th NOV 2013The above mentioned numbers are average of my sources which I have colleceted data from various job portals, companies and http://payscale.com