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LTIMindtree
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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.
I applied via Naukri.com and was interviewed in Nov 2023. There was 1 interview round.
Cycle counting is a method of inventory management where a small subset of inventory is counted on a continuous basis.
It involves counting a small portion of inventory regularly instead of doing a full physical inventory count all at once.
Helps in identifying and correcting discrepancies in inventory records more frequently.
Improves inventory accuracy and reduces the need for large-scale physical counts.
Commonly used i...
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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 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.
P2P Process is Procure to Pay process which involves purchasing goods or services from a vendor and making payment for them.
P2P process starts with creating a purchase requisition based on the need for goods or services.
Next step is to create a purchase order to specify the details of the purchase, such as quantity, price, and delivery date.
Goods or services are received from the vendor and the receipt is recorded in t...
Types of invoice posting include standard invoice, credit memo, and subsequent debit.
Standard invoice: Regular invoice for goods or services received.
Credit memo: Document issued to reduce the amount owed by a customer.
Subsequent debit: Additional charges added to an invoice after it has been posted.
I applied via Company Website and was interviewed in Mar 2024. There was 1 interview round.
Subcon process refers to subcontracting process where a company outsources part of its manufacturing process to a third-party vendor.
Subcon process involves sending raw materials to a subcontractor for processing or assembly.
The subcontractor then returns the finished goods to the company.
The company pays the subcontractor for the services rendered.
Subcon process helps companies focus on core competencies and reduce co...
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
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