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ERP S/4 HANA MM (Procurement)

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Placement Point Solutions specializes in ERP S/4 HANA Sourcing and Procurement, a transformative module designed for modern procurement challenges. This module focuses on key areas like Operational Procurement, Contract Management, Supplier Management, and Procure-to-Pay processes. Leveraging the advanced capabilities of the ERP HANA database, it offers real-time analytics, streamlined procurement operations, and enhanced supplier collaboration. ERP S/4 HANA Sourcing and Procurement is essential for businesses seeking to optimize their procurement processes, reduce costs, and improve supplier relationships through efficient, data-driven decision-making.

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    Module 1: Introduction to ERP S/4 HANA MM
    • Overview of ERP S/4 HANA MM module
    • Importance of materials management
    • Benefits of using ERP S/4 HANA MM
    • Role of ERP S/4 HANA MM in supply chain operations
    Module 2: Master Data Management
    • Managing material master data
    • Vendor master data management
    • Purchasing info records
    • Source list maintenance
    Module 3: Procurement Processes
    • Requisition processing
    • Purchase order creation
    • Vendor evaluation and selection
    • Contract management
    Module 4: Inventory Management
    • Goods receipt processes
    • Goods issue processes
    • Stock transfer processes
    • Physical inventory management
    Module 5: Invoice Verification
    • Invoice receipt and verification
    • Three-way match process
    • Credit memo processing
    • Automatic payment programs
    Module 6: Material Valuation
    • Standard price valuation
    • Moving average price valuation
    • LIFO/FIFO valuation methods
    • Material ledger and actual costing
    Module 7: Purchasing Analytics
    • Purchase order analytics
    • Vendor performance analysis
    • Spend analysis
    • Procurement KPIs tracking
    Module 8: Material Requirement Planning (MRP)
    • MRP process overview
    • MRP run scheduling
    • Planning parameters setup
    • MRP results analysis
    Module 9: Source Determination
    • Source determination strategies
    • Source list creation
    • Quota arrangement setup
    • Subcontracting procurement
    Module 10: Contract Management
    • Contract creation and maintenance
    • Contract release strategy
    • Contract monitoring and tracking
    • Contract expiration and renewal
    Module 11: Supplier Relationship Management (SRM)
    • Supplier collaboration
    • Supplier performance evaluation
    • Vendor rating and ranking
    • Supplier relationship analytics
    Module 12: Invoice Processing
    • Invoice receipt and verification process
    • Invoice automation techniques
    • Invoice matching and reconciliation
    • Invoice approval workflows
    Module 13: Vendor Collaboration
    • Vendor self-service portals
    • Collaboration on purchase orders and invoices
    • Vendor communication channels
    • Vendor relationship management
    Module 14: Purchase Requisition Management
    • Requisition creation and approval
    • Requisition tracking and monitoring
    • Requisition conversion to purchase orders
    • Requisition reporting and analytics
    Module 15: Material Master Data Governance
    • Material master data creation and maintenance
    • Data quality management
    • Data governance policies and procedures
    • Master data governance tools and technologies
    Module 16: Inventory Optimization
    • Inventory analysis and classification
    • ABC/XYZ analysis
    • Inventory reduction strategies
    • Inventory turnover optimization
    Module 17: Warehouse Management Integration
    • Integration between MM and WM modules
    • Goods receipt posting in WM
    • Goods issue posting in WM
    • Stock transfer between storage locations
    Module 18: Cross-Functional Integration
    • Integration with ERP SD for sales order processing
    • Integration with ERP PP for production planning
    • Integration with ERP FI for financial accounting
    • Streamlining business processes through integration
    Module 19: Material Traceability
    • Material traceability requirements
    • Lot and batch management
    • Serial number management
    • Material tracking and tracing
    Module 20: Procurement Strategy
    • Procurement planning
    • Make-or-buy decisions
    • Procurement sourcing strategies
    • Procurement risk management
    Module 21: Contract Negotiation and Management
    • Contract negotiation techniques
    • Contract terms and conditions
    • Contract lifecycle management
    • Contract compliance monitoring
    Module 22: Demand Forecasting
    • Forecasting methods and techniques
    • Demand planning processes
    • Forecast accuracy measurement
    • Collaborative forecasting with vendors
    Module 23: Supplier Diversity and Inclusion
    • Promoting supplier diversity
    • Inclusive sourcing practices
    • Supplier diversity metrics
    • Supplier diversity initiatives
    Module 24: Compliance and Risk Management
    • Regulatory compliance requirements
    • Risk assessment and mitigation
    • Compliance monitoring and reporting
    • Supply chain risk management strategies
    Module 25: Future Trends in Materials Management
    • Industry 4.0 and digital transformation
    • Emerging technologies in materials management
    • Sustainable materials management practices
    • Anticipated challenges and opportunities in MM
    
                    
                  
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