Course Overview
Material Management Module in ERP System Determines needs, identifies a potential source of supply, compare alternative quotations, create a purchase order, track the status of the purchase order, receive goods, and verify invoices upon receipt of goods. An ERP System provides a needed integration between Material Management System and other sub-modules. For example, All purchase orders are assigned to a cost center in the Management Accounting module. In production planning, the inventory function post component needed to fill Production Orders. This shows purchasing and financial accounting share common vendor data.
