 Sheaf associated with a graded module

A graded module $M$ over a graded ring $S$ determines a quasi-coherent sheaf on the Proj construction $\mathrm{Proj}S$ by taking the degree-zero part of its localization on each standard affine open of Proj. Localization identifies these module sheaves on overlaps. The construction is exact, by exactness of localization and exactness of taking a fixed graded component.