Laxmi Infotech SAP Consultant Interview Questions, Process, and Tips

MM stands for Material Management in SAP, a module that deals with procurement and inventory management.

• MM is one of the core modules in SAP ERP system

• It involves processes such as procurement, inventory management, and invoice verification

• MM helps organizations streamline their supply chain processes and optimize inventory levels

A purchase order is a document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

• Official document used in purchasing goods or services

• Specifies the type, quantity, and agreed price of products or services

• Legally binding contract between buyer and seller

• Helps track and manage orders and payments

• May include terms and conditions of the purchase

Source list is used for procurement of materials from specific vendors, while info record contains vendor-specific purchasing data.

• Source list is a list of approved vendors for a material, specifying the sequence in which they should be approached for procurement.

• Info record contains purchasing data specific to a vendor, such as pricing, delivery terms, and payment terms.

• Source list is at the material level, while info...read more

Configuration account determination is the process of assigning general ledger accounts to specific transactions or business processes in SAP.

• Configuration account determination is done in SAP using transaction code OBYC.

• It involves mapping different transaction keys to corresponding general ledger accounts.

• This configuration helps in ensuring accurate financial reporting and tracking of transactions.

• Examples include a...read more