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The procure-to-pay (P2P) cycle is the process of obtaining goods or services from a supplier and paying for them.
1. Requisition: The process starts with creating a purchase requisition for the required goods or services.
2. Purchase Order: Once the requisition is approved, a purchase order is created and sent to the supplier.
3. Goods Receipt: Upon receiving the goods or services, a goods receipt is recorded in the syste...
The process for returning a purchase order involves creating a return order, specifying the reason for return, and processing the return with the vendor.
Create a return order in the system
Specify the reason for return (e.g. damaged goods, incorrect quantity)
Process the return with the vendor by sending the return order and arranging for pickup or return shipment
Movement types in SAP MM are used to control different goods movements in the system.
101 - Goods receipt for purchase order
261 - Goods issue for an order
601 - Goods issue for delivery
A PR screen in SAP MM contains information related to purchase requisitions.
Details of the requested material or service
Quantity needed
Delivery date required
Account assignment details
Approval status
Source of supply information
Release strategy in project management involves defining criteria for approving project deliverables or changes.
Release strategy determines who has the authority to approve project deliverables or changes.
It typically involves setting up a hierarchy of approvers based on certain criteria such as cost, risk, or impact.
For example, a release strategy may require approval from a project manager for changes under $10,000, ...
Purchase info record is mandatory for maintaining vendor-specific purchasing data.
Maintains vendor-specific purchasing data such as pricing, delivery terms, etc.
Helps in ensuring consistency in purchasing decisions and tracking vendor performance.
Enables efficient procurement processes by providing relevant information to buyers.
Used for automatic determination of conditions during purchase order creation.
I applied via LinkedIn and was interviewed before Nov 2023. There was 1 interview round.
I chose HCL for its reputation in providing innovative solutions and its strong presence in the industry.
HCL has a strong reputation for providing innovative solutions in the IT industry
HCL has a global presence and a strong track record of successful projects
HCL offers opportunities for professional growth and development
HCL has a diverse and inclusive work culture
What people are saying about HCLTech
I applied via Naukri.com and was interviewed in Dec 2024. There were 3 interview rounds.
Test consist of 4 Section with 40% passing marks
I applied via Company Website and was interviewed in Nov 2024. There was 1 interview round.
I applied via Walk-in and was interviewed in May 2024. There was 1 interview round.
Errors in material extend can include incorrect data entry, missing information, duplicate entries, and system errors.
Incorrect data entry such as wrong material number or description
Missing information like unit of measure or pricing details
Duplicate entries for the same material
System errors causing inconsistencies in material extend data
I applied via Naukri.com and was interviewed in Jul 2024. There was 1 interview round.
I was interviewed in Aug 2024.
I applied via campus placement at Sanjivani Rural Education Society's College of Engineering, Pune and was interviewed in Nov 2024. There was 1 interview round.
SAP S/4HANA is the next-generation business suite from SAP, built on the advanced in-memory platform, while ECC is the traditional ERP system.
SAP S/4HANA is built on the SAP HANA platform, providing real-time analytics and processing capabilities, while ECC is not.
SAP S/4HANA offers a simplified data model and user interface, enabling faster decision-making and innovation, while ECC has a more complex data model and us...
Scheduling agreements are long-term agreements with vendors for the supply of materials or services.
Scheduling agreements outline the terms and conditions for the supply of materials or services over a specified period of time.
They can include details such as delivery schedules, pricing, and quantities to be supplied.
Scheduling agreements help in planning and managing procurement activities efficiently.
Example: A compa...
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