Karemind Iscripts Senior Functional Consultant Interview Questions and Answers

Order to Cash (O to C) cycle is the process of receiving and fulfilling customer orders.

• Includes order entry, order processing, order fulfillment, and invoicing

• Starts with customer placing an order and ends with payment received

• Involves multiple departments like sales, warehouse, and finance

• Ensures timely delivery of products/services to customers

IRSO stands for Inventory Replenishment Supply Order. It is used in Oracle SCM for managing inventory replenishment orders.

• IRSO is used to automatically generate supply orders based on inventory levels and demand forecasts.

• Setup involves defining replenishment rules, lead times, and order policies.

• Configuration includes setting up approval workflows, notification rules, and integration with other SCM modules.

• Example: S...read more

Dropshipment process involves direct shipment from supplier to customer without passing through the retailer.

• Supplier ships the product directly to the customer on behalf of the retailer

• Retailer acts as an intermediary between supplier and customer

• Retailer does not handle the physical product

• Retailer earns a commission for facilitating the transaction

Key functionalities of inventory include tracking stock levels, managing reorder points, and optimizing inventory turnover.

• Tracking stock levels to ensure availability of products

• Managing reorder points to avoid stockouts

• Optimizing inventory turnover to reduce carrying costs

• Implementing barcode scanning for accurate inventory counts

• Utilizing demand forecasting to plan inventory levels

The bill to and ship to addresses in the sales order form are populated based on the customer's default addresses and any overrides specified during order entry.

• Bill to address is typically the default address associated with the customer account

• Ship to address can be the same as bill to or a different address specified during order entry

• Users can override the default addresses for specific orders if needed

Expected ctc and location

• Research typical salary range for Functional Consultants in the industry

• Consider cost of living in the desired location

• Negotiate based on your experience and skills

My day to day activities involve analyzing business requirements, configuring software, conducting user training, and providing support.

• Analyzing business requirements to understand client needs

• Configuring software to meet client specifications

• Conducting user training sessions to ensure smooth adoption of new systems

• Providing ongoing support to clients for any issues or questions

I believe Accenture aligns with my dreams and goals due to their reputation for innovation and global impact.

• Accenture is known for its cutting-edge technology solutions, which align with my passion for innovation.

• The global reach of Accenture provides opportunities to work on diverse projects and collaborate with talented professionals from around the world.

• Accenture's focus on making a positive impact on society thro...read more

STO stands for Stock Transport Order. It is used to transfer goods from one plant to another within the same company code.

• One step STO involves creating a purchase order directly from the receiving plant to the supplying plant.

• Two step STO involves creating a stock transport order and then a goods receipt at the receiving plant.

• STO helps in tracking the movement of goods between plants and ensures proper inventory mana...read more

Pricing procedure in SAP MM determines the conditions for pricing materials and services in purchase orders and invoices.

• Pricing procedure is a set of condition types that are used to determine the prices of materials and services in procurement processes.

• It is configured in SAP MM using transaction code M/08.

• Pricing procedure is assigned to a purchasing document type in customizing settings.

• It consists of various step...read more