Refex Industries Interview Questions and Answers

SAP is a software company that provides enterprise resource planning (ERP) software to manage business operations.

• SAP stands for Systems, Applications, and Products in Data Processing

• SAP's ERP software helps businesses manage their operations, including finance, logistics, and human resources

• MM (Materials Management) is a module in SAP that helps manage procurement and inventory functions

• MM helps businesses streamline ...read more

P2P process for procurement involves direct transactions between buyers and suppliers without intermediaries.

• P2P stands for 'Procure-to-Pay'

• It is a streamlined process that eliminates the need for intermediaries

• Buyers and suppliers can directly communicate and negotiate terms

• Examples include online marketplaces like Amazon Business and Alibaba

MM-FI integration is the integration between Materials Management and Financial Accounting modules in SAP ERP system.

• MM-FI integration ensures that all financial transactions related to materials management are properly recorded in the financial accounting module.

• It involves the transfer of data from MM to FI, such as purchase orders, goods receipts, and invoice verification.

• The integration also allows for the automati...read more

Enterprise structure can be configured by defining organizational units, assigning responsibilities, and setting up reporting structures.

• Define organizational units based on business requirements

• Assign responsibilities to each unit

• Set up reporting structures to ensure effective communication and decision-making

• Ensure proper authorization and access control

• Regularly review and update the enterprise structure to adapt to

PO release strategy refers to the process of releasing purchase orders for procurement.

• PO release can be based on approval hierarchy

• PO release can be based on budget availability

• PO release can be based on vendor performance

• PO release can be automated using workflow tools