Procurement
What is Materials Management (MM)?
The SAP module covering purchasing, inventory management, invoice verification, and material valuation.
MM supports procure-to-pay and integrates with FI, CO, PP, and SD. Key documents are requisitions, purchase orders, goods receipts, and supplier invoices. In S/4HANA it is often referred to as Sourcing and Procurement.
Related terms
Purchase Order
A formal request to a supplier to deliver goods or services under specified conditions.
Inventory Management
SAP functionality for recording stock quantities and values via goods movements at plant and storage-location level.
Logistics Invoice Verification
The MM process for entering and checking supplier invoices against purchase orders and goods receipts.
Procure to Pay
The end-to-end purchasing process from requisition through purchase order, goods receipt, invoice, and payment.
More in Procurement
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