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SAP MM: SAP Material Management deals with the procurement of the materials and managing the inventory in day-to-day business operations. SAP MM contains sub activities like purchasing, material storage, inventory management, goods receipt generation and invoice receipt generation.
SAP MM is one of the important and interesting modules to go through.
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Consignment Process:
It is one of the special procurements in SAP MM in which vendor places the materials in the company's primases however, the owner of the material will be vendor only until material is consumed.
MRKO transaction:
It is used to settle the consignment liabilities. Payment can be made online to the vendor.
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