Remark 56.3.10. Let A and B be rings. Let us endow \text{Mod}_ A and \text{Mod}_ B with the usual monoidal structure given by tensor products of modules. Let F : \text{Mod}_ A \to \text{Mod}_ B be a functor of monoidal categories, see Categories, Definition 4.43.2. Here are some comments:
Since F(A) is a unit (by our definitions) we have F(A) = B.
We obtain a multiplicative map \varphi : A \to B by sending a \in A to its action on F(A) = B.
Take A = B and F(M) = M \otimes _ A M. In this case \varphi (a) = a^2.
If F is additive, then \varphi is a ring map.
Take A = B = \mathbf{Z} and F(M) = M/\text{torsion}. Then \varphi = \text{id}_\mathbf {Z} but F is not the identity functor.
If F is right exact and commutes with direct sums, then F(M) = M \otimes _{A, \varphi } B by Lemma 56.3.1.
In other words, ring maps A \to B are in bijection with isomorphism classes of functors of monoidal categories \text{Mod}_ A \to \text{Mod}_ B which commute with all colimits.
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