SAP (Systems, Applications and Products) is an ERP (Enterprise Resource Planning) software by the same name as the company. The SAP is used in various businesses such as- Automotive, Aerospace, Defense, Finance & Security, Education, Healthcare, Media, Oil & Gas, Life science, Telecommunications, Pharmaceuticals.
What is SAP ERP?
An ERP is a legitimate representation of the business which is connected centrally and helps in performing the first transactions and real-time reporting. For example, If you are working with a company A which has various divisions. e.g. Accounts Payables, Risk Analysis, CRM, Sales & Marketing, etc. Through ERP(SAP), it is possible to capture the transactions happening in various departments through specific screens. Also, its access can be restricted, i.e. A person having the CRM access cannot use the Risk Analysis screen, etc. Also, multiple reports of the transactions happened in numerous functions can be pulled easily by your MD or MIS team to review the performance at various levels.
Benefits of SAP
With the help of SAP, the organisational bodies can work independently, with the necessary access controls and approvals and also the management can combine regulatory performance reporting.
The main SAP ERP modules are:
- Technical Modules
- Functional Modules
There are 25 modules in SAP. However, there are some modules which are implemented the most and have the highest job opportunities. The SAP modules being widely implemented are:
- FI – This module helps to manage the financial transactions within the organisation. With the help of this module, employees can take care of the data involved in any business transaction within a system.
2. SAP HR/HCM – It is one of the essential modules of SAP which takes care of all the tasks from entry to exit of an employee in an organisation. It comprises various components, namely, Organizational Management (OM), Personnel Management, Time Management and Payroll.
3. SAP SCM – SAP SCM stands for Supply Chain Management. This module deals with Production Planning (PP), Demand Planning and Business Forecasting. It also controls the information flow and product flow in the organisations.
4. SAP NetWeaver – SAP NetWeaver enables Provision, Composition and Management of SAP and non-SAP applications across all heterogeneous software environments.
5. SAP BI – This Module deals with analysing and reporting data from various data sources
6. SAP HANA – SAP HANA is a significant module of SAP. It is an in-memory data platform that is deployable as an on-premise appliance, or in the cloud. It is a revolutionary platform, which is best suited for performing real-time analytics and developing and deploying real-time applications.
7. SD MM – SAP MM refers to Materials Management (MM). It is a part of the Logistics area which manages the procurement activity of an organisation. All aspects of material management (planning, control etc.), are supported by this module. It deals with material management and inventory management.