ERP Material ManagementERP - Material Management includes sub components as follow:
- Purchasing : All the activities related to material procurement i.e. Purchase Requisition, Request for Quotation, Purchase Orders, Outline Agreement (Contract and Scheduling Agreement), release procedure
- Inventory Management: All the activities for managing inventory in storage area i.e. Goods Receipt, Goods Issue, Interanal Transfer (Material movements), Reservations
- Logistics Invoice Verification: All activities related to invoicing process i.e. Invoice Receipt from Vendor, Automatic Invoice, Direct posting for material
- Physical Inventory: All activities realted to carry out physical inventory in storage area i.e. Creating of physical inventory document, count, post difference, special inventory process (Cycle count, Inventory session)
- Master Data in Material Management: Material Master, Vendor Master, Purchasing Master (Info Record, Source List, Quota Arrangement)
- Material Valuation: All activities related to material valuation i.e. Material price change, Different kind of valuation ie. LIFO, FIFO, Lowest Value
- Service Management: All activities related to Service management ie. Service master, Service entry sheet
- Foreign Trade and Customs: All activities related to the import process
- Product Catalog: All activities related to catelog management