Demystifying SAP Material Types: What They Are and Why They Matter..
Categories Materials Management SAP ERP
What is a Material Type? A material type in SAP is a classification that defines how materials are…
What is cost of goods manufactured (COGM)?
The cost of goods manufactured (COGM) includes direct materials, direct labor, and manufacturing overhead. For example: Direct materials:…
What is Valuation of Materials?
Categories Materials Management SAP ERP
Accounting is the process of assigning a value to a company's assets, and inventory valuation is a part…
Purchase Account Management
Categories Materials Management SAP ERP
In some countries, it is mandatory for companies to manage their purchase accounts. However, configuring purchase accounts is…
Different Types of Inventory in Inventory Management
Categories Materials Management SAP ERP
Raw Material Raw materials are unfinished substances or unprocessed natural resources used in the production of completed items.…