This basically defines the concepts of Inventory, Demand and Sourcing. Regardless of whether you are using R/3, ECC, or HANA, the Materials Master (MM in ECC) still has the same data elements that need to be populated. S4 is just the next generation of the same ERP elements with HANA being the cloud based tool to manage the data and feed it to business modules. Embedded within this tool are similar gui interfaces with better graphics and reporting capabilities.
1. Inventory Management and Physical Inventory
2. Valuation and Account Assignment
3. Configuration of Purchasing
4. Configuration of Master Data and Enterprise Structure
5. Invoice Verification
6. Sources of Supply
7. Document Release Procedure
8. Purchasing Optimization
9. Source Determination
10. Procurement Analytics
11. Consumption-Based Planning
12. Enterprise Structure and Master Data
13. Specific Procurement Processes
14. Basic Procurement Processes
15. Advance Return Management (Especially Vendor return)
16. SAP S/4HANA User Experience
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