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Materials management is a core supply chain function and includes supply chain planning and supply chain execution capabilities. Specifically, materials management is the capability firms use to plan total material requirements. The material requirements are communicated to procurement and other functions for sourcing.
SAP IT Operations Analytics (ITOA) [1] SAP Jam; SAP Knowledge Warehouse (KW) SAP Manufacturing; SAP Marketing Cloud; SAP Materials Management (MM), a module in SAP ERP Central Component (ECC), that provides companies with materials, inventory and warehouse management capabilities [2] SAP Master Data Management (MDM)
Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software -based, but it is possible to conduct MRP by hand as well.
SAP is a component of the DAX and Euro Stoxx 50 stock market indices. [13] The company is the largest non-American software company by revenue and the world's third-largest publicly traded software company by revenue. As of December 2023, SAP is the largest German company by market capitalization. [14]
Inventory (American English) or stock (British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. [ nb 1 ] Inventory management is a discipline primarily about specifying the shape and placement of stocked goods.
SAP WM was the company's first foray into a specific Warehouse Management Solution. By 2025, SAP WM will no longer be supported and will be completely replaced by SAP EWM. [3] Like SAP WM, SAP EWM is a part of SAP Supply Chain Management (SAP SCM) and supports all the processes within the logistics chain.
SAP S/4HANA is an enterprise resource planning (ERP) software package meant to cover all day-to-day processes of an enterprise (for example, order-to-cash, procure-to-pay, plan-to-product, and request-to-service) and core capabilities. [1]
DSM of materials additionally allows for the modelling of the end-of-life product flow which is the sum of all discarded products leaving the use phase according to the lifetime distribution chosen. This enables forecasting of waste volume and recycling potential and provides essential information for resource and energy use reduction strategies.