What is Materials Management (MM)?

Materials Management (MM) is a function in business that focuses on planning, organizing, and controlling the flow of materials from their initial purchase through internal operations to output and distribution. In the context of enterprise resource planning (ERP) systems, MM involves managing the procurement, storage, and movement of materials within an organization. This includes activities like purchasing, inventory management, warehouse management, and materials planning, ensuring that the right materials are available in the right quantities at the right time to meet production demands while minimizing costs and waste.