by Shanmugapriya J, on Jun 13, 2023 10:24:47 AM
1. What is SAP MM S/4 HANA?
SAP MM S/4 HANA is an integrated module of the SAP ERP system that focuses on materials management and procurement processes.
2. What are the key features of SAP MM S/4 HANA?
Some key features of SAP MM S/4 HANA include real-time analytics, intelligent automation, simplified data models, and enhanced user experience.
3. What is the difference between SAP MM and SAP MM S/4 HANA?
SAP MM S/4 HANA is the next-generation version of SAP MM, built on the SAP HANA platform. It offers enhanced functionalities and improved performance compared to SAP MM.
4. What are the different procurement types in SAP MM S/4 HANA?
The procurement types in SAP MM S/4 HANA include standard procurement, subcontracting, consignment, third-party procurement, and stock transfer.
5. What is a purchase requisition in SAP MM S/4 HANA?
A purchase requisition is a formal request to procure materials or services. It initiates the procurement process and contains details such as item, quantity, delivery date, and account assignment.
6. What is a purchase order in SAP MM S/4 HANA?
A purchase order is a formal document issued to a vendor, requesting the delivery of goods or services at specific terms and conditions, including quantity, price, and delivery dates.
7. What is a release strategy in SAP MM S/4 HANA?
Release strategy is a workflow-based approval process for purchase requisitions and purchase orders. It ensures that specific criteria, such as value limits, are met before the document is released for further processing.
8. What is the difference between a purchase requisition and a purchase order?
A purchase requisition is an internal document used to initiate the procurement process, while a purchase order is a legally binding document sent to a vendor to procure goods or services.
9. What is the purpose of the info record in SAP MM S/4 HANA?
The info record in SAP MM S/4 HANA stores information about a specific material and vendor combination, such as pricing conditions, delivery details, and payment terms. It helps streamline procurement processes by providing default values for purchase orders.
10. How is inventory managed in SAP MM S/4 HANA?
Inventory is managed in SAP MM S/4 HANA through various processes, including goods receipt, goods issue, stock transfer, physical inventory, and inventory valuation.
11. What is the purpose of the goods receipt process in SAP MM S/4 HANA?
The goods receipt process in SAP MM S/4 HANA involves recording the receipt of goods or services from a vendor into the inventory. It updates stock levels and triggers subsequent processes like invoice verification.
12. How is invoice verification performed in SAP MM S/4 HANA?
Invoice verification in SAP MM S/4 HANA involves matching the vendor's invoice with the corresponding purchase order and goods receipt. It ensures the accuracy of invoiced quantities, prices, and terms before making payments to vendors.
13. What is the purpose of a material master record in SAP MM S/4 HANA?
The material master record in SAP MM S/4 HANA contains essential information about a specific material, including description, pricing, storage location, procurement details, and accounting data.
14. How does SAP MM S/4 HANA integrate with other SAP modules?
SAP MM S/4 HANA integrates with other SAP modules like FI (Financial Accounting), SD (Sales and Distribution), and PP (Production Planning) to ensure seamless flow of data across different business processes.
15. What is the purpose of condition types in SAP MM S/4 HANA?
Condition types in SAP MM S/4 HANA are used to define various pricing elements, such as discounts, taxes, freight charges, and surcharges, for procurement processes.
16. What is the purpose of the account determination in SAP MM S/4 HANA?
Account determination in SAP MM S/4 HANA determines the appropriate general ledger (GL) accounts to be posted when performing procurement or inventory management transactions.
17. How do you handle stock transfer between two storage locations in SAP MM S/4 HANA?
Stock transfer between storage locations in SAP MM S/4 HANA is performed using a stock transfer order. The goods issue is recorded at the sending storage location, and the goods receipt is recorded at the receiving storage location.
18. What is the difference between a consignment process and a subcontracting process in SAP MM S/4 HANA?
In a consignment process, the materials are stored at the customer's location until they are consumed, while in a subcontracting process, the customer provides the raw materials to the subcontractor for processing.
19. How do you handle a return purchase order in SAP MM S/4 HANA?
A return purchase order in SAP MM S/4 HANA is created to return defective or excess goods to the vendor. It is processed similar to a standard purchase order, but with a negative quantity.
20. What is the purpose of release procedures in SAP MM S/4 HANA?
Release procedures in SAP MM S/4 HANA enforce a hierarchical approval process for purchase requisitions, purchase orders, and other procurement-related documents, ensuring compliance with organizational rules and policies.
21. How does SAP MM S/4 HANA support inventory valuation methods?
SAP MM S/4 HANA supports various inventory valuation methods such as moving average price (MAP), standard price, and FIFO (First-In-First-Out). These methods determine how the value of inventory is calculated.
22. What is the purpose of the source list in SAP MM S/4 HANA?
The source list in SAP MM S/4 HANA is used to define a list of approved vendors for specific materials. It ensures that only approved vendors can be selected during the procurement process.
23. How do you handle vendor consignment stock in SAP MM S/4 HANA?
Vendor consignment stock in SAP MM S/4 HANA is managed by maintaining a separate storage location for the consignment stock. The stock is owned by the vendor until it is withdrawn and used by the company.
24. What is the purpose of material requirements planning (MRP) in SAP MM S/4 HANA?
Material requirements planning (MRP) in SAP MM S/4 HANA ensures that materials are procured and available in the required quantities and at the right time to meet production or customer demand.
25. How can you evaluate the performance of procurement processes in SAP MM S/4 HANA?
The performance of procurement processes in SAP MM S/4 HANA can be evaluated using key performance indicators (KPIs) such as procurement cycle time, on-time delivery, cost savings, and vendor performance metrics.
