SAP FICO – Overview of Material Management Module
As SAP FICO aspirants, you should know it stands for Finance (FI) and controlling (CO). These two are the core modules of SAP FICO. But they are also tightly incorporated with Materials Management (MM) module.
Purchasing is a component of MM (Material management). It maintenances all the purchases of the material management – material planning and control, purchasing, goods receiving, inventory management and invoice verification.
Responsibilities of MM Purchasing Components:
- External procurement of materials and services
- Fortitude of possible sources of supply
- Checking of deliveries from and payments to vendors