What are the main topics in SAP MM?
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What are the main topics in SAP MM?
SAP MM submodules SAP MM’s functions include material management, procurement process management, master data management (material and vendor master), inventory management, material requirements planning and invoice verification.
What are the common assignment types in SAP MM system?
Lister below the following special procurement types available in the SAP System:
- Consignment.
- Subcontracting.
- Stock transfer using stock transport order.
- Third-Party Processing.
- Returnable transport packaging.
- Pipeline Handling.
What is the MM module in SAP?
SAP MM (Materials Management) is a module of the SAP ERP software package from SAP AG that is used for Procurement Handling and Inventory Management. SAP Materials management covers all tasks within the supply chain, including consumption-based planning, planning, vendor evaluation and invoice verification.
What are the sub modules of SAP MM?
The SAP MM module comprises of many sub-components and the important ones are as follows:
- Master data.
- Purchasing.
- Inventory management.
- Invoicing verification.
- Physical inventory.
- Material valuation.
- Service management.
How do I prepare for SAP MM interview?
Top 21 SAP MM Interview Questions & Answers (2021 Update)
- Determine requirements.
- Source determination.
- Vendor Selection.
- Order Processing.
- Order follow up.
- Goods receipts and Inventory management.
- Invoice Verification.
What is P to P cycle in SAP MM?
Basic Procurement process also known as Procure to Payment (P2P) Cycle. SAP Procure to Pay process is required when we need to purchase materials/services from an external vendor for our company.
What is the pricing procedure in SAP MM?
What is Pricing Procedure? Pricing procedure in MM module is a way to determine prices in purchasing documents. It give us functionality to assign different calculation types for different needs. Defining a pricing procedure can be done by creating an access sequence, and assigning it to condition types.
What is PTP in SAP?
PTP: Procure to Pay: This means procure raw materials from Vendors (based on purchase order raised) , Goods receipt, Invoice Verification and make payment to Vendor. This sequence of activity is called Procure to Pay.