Inspiria InfoTech SAP MM Consultant Interview Questions and Answers

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...read more

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...read more

MRP process in SAP is a planning process that helps organizations manage their inventory and production planning efficiently.

• MRP (Material Requirements Planning) is used to plan and manage materials required for production.

• It helps in determining when and how much material is needed based on demand and lead times.

• MRP in SAP involves creating planned orders, purchase requisitions, and scheduling production orders.

• It con...read more

Special stock in SAP MM refers to materials that are not part of the company's regular stock, such as consignment stock or project stock.

• Special stock is managed separately from regular stock in SAP MM

• Examples of special stock include consignment stock, project stock, and third-party stock

• Special stock is identified by special stock indicators in SAP MM

Release strategy is a feature in SAP MM that allows for the control and approval of purchasing documents.

• Release strategy is used to ensure that purchasing documents such as purchase requisitions, purchase orders, and requests for quotation are approved by the appropriate personnel before they can be further processed.

• The release strategy is defined based on various criteria such as document type, value, purchasing org...read more

The number of times issues are solved in support project L1 to L4 varies depending on the complexity and frequency of issues.

• The number of times issues are solved can range from a few times to multiple times per day

• It is important to track the number of times issues are solved to identify trends and areas for improvement

• Examples of issues that may need to be solved multiple times include system errors, data discrepanci

Sub contracting is the process of assigning part of the work or the entire work to another party outside the organization.

• Sub contracting involves outsourcing a specific task or project to a third party.

• The third party is responsible for completing the work as per the agreed terms and conditions.

• Sub contracting can help organizations reduce costs, improve efficiency, and access specialized skills.

• Examples of sub contra...read more

P2P process stands for Procure-to-Pay process, which involves all steps from requisition to payment for goods or services.

• Includes requisitioning, sourcing, purchasing, receiving, invoicing, and payment

• Involves creating purchase orders, receiving goods, approving invoices, and making payments

• Ensures proper controls and compliance throughout the entire process

A credit memo is a document issued by a seller to a buyer, reducing the amount owed by the buyer for goods or services.

• It is used to correct errors in invoices or to provide refunds to customers.

• It shows the amount credited to the buyer's account and the reason for the credit.

• Credit memos are typically issued when there are discrepancies in pricing, quantity, or quality of goods received.

• They are important for maintain...read more