Master Data: The end-users have master data, which tracks all transactions in data. The Master Data consists of material master, vendor master, and purchasing master.
Inventory Management: The activities are internal transition, inventory receipt, inventory questions, and reservations.
Purchasing: It is a crucial part of MM. The purchasing tasks are external procurement of services and materials, determining the sources of supply, payment to vendors, and monitoring supply to vendors.
Invoicing Verification: The activities concerning the invoicing methods including Automatic Invoices, Invoice Receipts from vendors, and Direct posting of materials are performed in Invoicing Verification.
Material Valuation: The activities including material price changes and different methods of valuation including FIFO, LIFO are related to it.
Physical Inventory: The activities including post difference, physical inventory creation, inventory session, cycle count, and count area are performed as physical inventory in a storage area.
Service Management: It includes activities including service entry sheet and service master.
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