Functionalities of Materials Management

SL. Functionality A C E
No.
A. Master data
Maintenance of Material Master data
Maintenance of Vendor Master data

B Material Requirement Planning

Planning based on Sales forecast
Planning based on Consumption
Planning based on Stock levels

C Purchasing
Approval of Vendors
Source list (Vendor list) for Ordering
Creation of Purchase requisitions
Approval process of requisitions
Source determination
Floating of Enquiries to approved Vendors
Receipt of Quotations
Comparison of Quotations
Approval of Quotations for Order processing
Purchase Order creation
Approval of Purchase Orders
Transmission of Purchase Orders to Vendors
Order acknowledgement and Confirmations
Creation of Contracts for supply of Material
Creation of Delivery schedules
Cash Purchase of materials
Archiving of Purchase documents
Numbering of Purchasing documents
Vendor Evaluation

D Stores Control

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SL. Functionality A C E
No.
Receipt of Raw materials
Receipt of Spares and Consumables for Purchase orders
Receipt of Spares and Consumables without Purchase orders
Check goods received for Conformation with Purchase Order
Posting Stock into Inspection on receipt of goods
Posting & Identification of “Held” stock
Recording of Goods Movement
Update of Stock levels on Goods movement
Maintenance of different Units of measure
Return deliveries to Vendors
Issue of Spares and Consumables
Return of material to Stores
Account code, Department & Cost centre assignment for Goods
issue
Storing of items in assigned locations / Bins
Removal of items from assigned locations / Bins
Numbering system for Goods receipts / Issues
Adjustments to inventory and accounting data with Stores
correction voucher
Physical Inventory processes (Annual and cycle and
continuous)

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