SAP refers to the Software Products developed by company SAP SE which are used by over 293,500 customers in 190 countries across the world. The core products used by large companies are SAP ERP, SAP SCM, SAP CRM, SAP SRM, SAP PLM, SAP BI, HANA, S4 HANA, SAP Business Suite, SAP Fiori, SAP Lumira, SAP NetWeaver, SAP Business by Design, SAP Business One, Business Objects and SAP Success Factors.

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Purchasing starts with the identifying the material requirements and ends with the placement of Purchase Order. Then, supplies sends materials which are received in the plant and stored in appropriate storage location or warehouse. Materials are now identified with the term "Inventory".Taking this course will teach you essential skills needed for a career in Inventory and Warehouse Management at medium to large companies.

Learn the placement, management and handling of the inventory within the SAP system in this course by SAPXPERT.COM from XPERT Tutor Sumit Jain.

General Ledger Account is required by system to automatically make financial postings while receiving materials into inventory, issuing them into production or to customer order, adjusting inventory count or scrapping items, etc. This is required because SAP is an ERP system and all components are integrated with each other. System uses the settings maintained in "Automatic Account Determination for Goods Movements or Physical Inventory Adjustments" to determine the GL Account.

Learn MM-FI integration in SAP in this course by SAPXPERT.COM from XPERT Tutor Sumit Jain.

Companies choose Subcontracting Process over in-house production in order to lower the production cost, gain capacity immediately without investment into production facility or skills of labor or to evaluate make/buy decision. Raw materials are sent to subcontractor (vendor) which makes the finished product. Finished products are received by the company and placed into the inventory. Supplier then bills for only the services.

Learn how to manage the subcontracting process in SAP MM in this course by SAPXPERT.COM from XPERT Tutor Sumit Jain.

Materials stored at the customer location are known as Consignment Stock. The customer only pays for these goods when they are removed from the consignment stock. Hence, the company owns the stock but it does not need a storage space which is the advantage. SAP offers the functionality to process consignment orders and manage such stock.

Learn managing consignments in the SAP MM in this course by SAPXPERT.COM from XPERT Tutor Sumit Jain.

Every organization acquires goods to complete its business needs. Besides these goods procurement, an organization may require occasionally some kind of services. These services will include small maintenance task like changing the lights, painting and housekeeping. These services are carried out by external contractors and hence the whole process of procurement of services is known as service management. Services are directly posted to consumption. ™System stores the services that have been procured as a record in a sheet called as service entry sheet.

Learn the service procurement in SAP with this course by SAPXPERT.COM from XPERT Tutor Sumit Jain.

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