Why Material management?
Organisation are constantly seeking ways of improving the value chain by ensuring logistics and procurement processes are managed effectively and efficiently.
SAP Materials Management supports the procurement and inventory functions occurring in day to day business operations. It contains many aspects such as purchasing, goods movement , physical inventory and material requirement planning fully integrated with other modules such as finance, controlling, sales and distribution, quality management, plant maintenance, production planning, and warehouse management.
Our Material Management Services
We pride ourselves on providing the highest quality Material management services to address business needs. These services and solutions include:
This solution addresses external procurement of materials and services. It helps streamline the process of choosing the right vendor from possible sources of supply for a requirement identified by the materials planning and control system or arising directly within a user department.
It facilitates monitoring of deliverables and payment process to vendors with appropriate measures in place.
External Service Management
This solution supports the complete cycle of procurement, from bid invitation, bid review, award/order placement phase, acceptance of services, as well as the invoice verification process.
This component deals with the management of material stocks on a quantity and value basis, planning, entry, and documentation of all goods movements. All transactions; deductions and addition to stock, are entered in real time with a single view of current stock situation provided in real time.
Logistics Invoice Verification
In this component, incoming invoices are verified in terms of their content, prices and arithmetics. Logistics Invoice Verification is closely integrated with the components Financial Accounting (FI) and Controlling (CO). It passes on the relevant information about payments or invoice analyses to these components
Why Techinsight Material Management Services?
We have a team of leading experts capable of providing the best advice and solutions for your business. Our material management services has brought immense benefits to our clients’ business over the years. Some of these benefits include:
-Online, real-time recording of procurement and inventory related transactions and activities regardless of geographical location
-Reduced paperwork due to the seamless integration with financials-Reconciliation with finance on vendor accounts
-Better procurement planning and budgeting as a result of accurate and reliable accumulated procurement data.
-Online approval processes with tight access control
-Standard procure to pay volume reporting
-Transparency of procurement processes