Regent Enterprises Interview Questions and Answers

General information about electronic products which is used in daily life and technical questions related about the electronic equipments.

Q1. Information about yourself and Negotiation about LPA
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Q1. What is SAP? What is use of MM in SAP
Ans. 
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
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Q2. P2P process for procurement
Ans. 
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
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Q3. Define MM-FI integration.
Ans. 
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
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Q4. How to configure Enterprise structure
Ans. 
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
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Q5. PO release strategy?
Ans. 
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
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