Top 7 Highest Paid and Emerging SAP Modules in 2018Category: SAP Posted:Dec 20, 2017 By: Robert
SAP, which stands for Systems Applications and Products in Data Processing, is a powerful Enterprise Resource Planning (ERP) system. It contains a suite of software that includes a re-engineering software that provides end-to-end solutions.
SAP was founded in 1972 by five IBM engineers Hopp, Hector, Tschira, wellenreuther and plattner. It has come a long way since then. They have released the latest version of SAP HANA in 2016, which allows it to be run on personal computers or on cloud computing platforms, for students as well as small-scale developers.
SAP is hugely successful and is implemented by many organizations for their everyday business activities. Today, SAP is considered to be the third largest independent software supplier in the world with more than 12 million users, 121,000 installations globally, 1,500+ SAP partners, 25+ industry-specific business solutions, and more than 41,200 customers spread across 120 countries.
SAP is employed in various businesses such as:
- Defense & Security
- Life science
- Oil & Gas
SAP ERP Modules:
There are two Types of SAP ERP Modules.
- Functional Modules
- Technical Modules
SAP has a total of 25 modules, however all the 25 SAP modules are not applied. The most implemented modules are the most successful and has the highest job opportunities. Such vital SAP Modules utilized by numerous organizations are as follows:
- FICO – Finance & Control
- PP – Production Planning
- MM – Material Management
- SD – Sales & Distribution
- HR – Human Resources
- CRM – Customer Relationship Management
- ABAP – Advanced Business Application Management
- XI – Exchange Infrastructure
- Net Viewer
- BIW – Business Information Warehousing
Let’s take a deep dive and look at the sub-modules of SAP ERP modules in demand.
Top 7 High In-Demand SAP Modules in 2017:
The higher the remuneration, the higher the demand. So, it’s safe to say that the pay package for a skill determines its popularity and demand.
According to TechTarget and STechies, the following are the top 7 ERP modules in SAP that are in huge demand. This is merely a list and is not ranked based on its demand or popularity.
1. ECC FI
This module deals in managing the financial transactions within the enterprise. ECC FI helps employees to manage data involved in any business and financial transaction in a unified system.
2. SAP HR/HCM
This module is SAP’s one of the important modules which manages all tasks from hiring an employee to its final termination in an organization. The various components this module consists of are Personnel Management, Organizational Management (OM), Time Management and Pay roll.
3. SAP SCM (Supply Chain Management)
SAP SCM stands for Supply Chain Management one of the module of SAP. This module covers the area of Production Planning (PP), Demand Planning and Business Forecasting. It also controls the information flow and product flow in the organizations.
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 in analyzing and reporting of data from various heterogeneous data sources
6. SAP HANA
SAP HANA is very important 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 that is Materials Management (MM) is a part of Logistics area and helps to manage the procurement activity of an organization from procurement.
It supports all aspects of material management (planning, control etc). It deals with material management and inventory management.
SAP HR is most in-demand SAP skill, followed by SAP BI, SAP HANA, SD MM, SAP HCM, SAP SCM, SAP NetWeaver and ECC FI.
According to Computer Weekly survey, the number of job posting looking for SAP skills rose sharply by 53% last year. This was only partly due to the release of SAP R/3 Enterprise. SAP has also reported that they have delivered the latest release to 1500 companies in just 60 days of this release.
In another survey done by Foote Partners, an FL-based independent IT benchmark research and advisory firm, the Top 7 SAP Skills with the highest demand in 2016 is as follows:
Since there are no surveys predicting the emerging SAP skills for 2107, let correlate the 2016 data with the latest data.
According to Andrea Sprengel Seip, an SAP specialist, “SAP gives you an excellent tool that you can leverage to build your career and thus move into something outside the SAP world,” “Or, you can stay in a corporate SAP environment if you prefer. SAP knowledge gives you that flexibility.”
The ERP scene is constantly changing and you must keep up with these changes. In order to do this, you must choose a module and choose a specialization within that module. In today’s busy world, a range of SAP training can be achieved through virtual classrooms as well. With just a couple of weeks of training, you too can have a lucrative SAP career.