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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 Company Website and was interviewed in May 2024. There was 1 interview round.
Movement type 103 is used for GR blocked stock in SAP MM.
Movement type 103 is used to transfer materials from quality inspection stock to unrestricted stock.
GR blocked stock is a special stock category used for materials that have been received but are not yet available for use.
By using movement type 103, the materials are released from inspection and made available for use.
This movement type helps in maintaining accur...
STO with outbound delivery and billing document involves transferring goods between plants within the same company code.
STO (Stock Transport Order) is used to transfer goods between plants within the same company code
Outbound delivery is created to ship the goods from supplying plant to receiving plant
Billing document is created to bill the receiving plant for the goods transferred
Delivery type for STO with outbound de...
Account modifier in OBYC is used to differentiate between different types of transactions for a particular G/L account.
Account modifier helps in determining the correct G/L account to be used for a specific transaction
It allows for customization and flexibility in assigning G/L accounts based on specific criteria
For example, different account modifiers can be used for different types of material movements in SAP MM
Auto PO and ERS require specific prerequisites for successful implementation.
Vendor master data must be maintained accurately
Material master data should be updated regularly
Purchase info records should be created for automatic PO generation
Configuration settings for automatic PO and ERS must be properly maintained
Accounting entries for subcontracting and consignment procurement
Subcontracting procurement involves sending raw materials to a subcontractor for processing
Accounting entry for subcontracting: Raw material consumption account debited, subcontracting charges account credited
Consignment procurement involves sending goods to a consignee who sells on behalf of the company
Accounting entry for consignment: Goods sent to cons...
PR release strategy allows for control over when purchase requisitions are released for further processing.
Release strategy can be defined at both header and item level in SAP MM
Header level release strategy is based on total value or specific fields in the PR
Item level release strategy is based on specific characteristics of the PR items
Release strategy can involve multiple release codes and release groups
Example: PR ...
HANA offers real-time data processing, advanced analytics, and faster performance compared to ECC.
HANA allows for real-time data processing, enabling faster decision-making
HANA offers advanced analytics capabilities for better insights and predictions
HANA provides faster performance due to its in-memory computing technology
HANA supports complex data models and large data volumes more efficiently than ECC
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...
posted on 9 Oct 2024
Percentage, train, interest
Covid 19 impact to the world economy
posted on 27 Feb 2024
I applied via Approached by Company and was interviewed in Jan 2024. There were 2 interview rounds.
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