SIL Chemicals Interview Questions and Answers

SAP MM scenarios involve procurement, inventory management, and invoice verification.

• Procurement of materials from vendors

• Inventory management including stock transfer and physical inventory

• Invoice verification and payment processing

• Material requirement planning and forecasting

• Vendor evaluation and selection

• Integration with other SAP modules like FI, SD, and PP

Price determination process determines the price of goods or services, while account determination process determines the accounts to be debited or credited.

• Price determination process involves various factors such as pricing conditions, discounts, taxes, and surcharges.

• Account determination process involves assigning GL accounts to various transactions based on the transaction type and other factors.

• Price determination process is important for accurate pricing and profitabil...read more

Inventory management is the process of efficiently managing the flow of goods in and out of a company's inventory.

• Inventory management involves tracking inventory levels, ordering new stock, and managing stock levels to avoid overstocking or stockouts.

• The cyclic process of inventory management includes receiving goods, storing them, picking and packing orders, and shipping them to customers.

• Inventory management also involves managing inventory costs, such as carrying costs an...read more

Valuation class is used to determine the value of a material and split valuation is used to differentiate the stock of a material based on certain criteria.

• Valuation class is assigned to a material master record and determines the G/L accounts used for accounting transactions.

• Split valuation is used to differentiate the stock of a material based on certain criteria such as origin, quality, or location.

• Split valuation allows for different valuation methods to be used for diffe...read more

P2P process involves procurement of goods and services from vendors through purchase orders and payments.

• Purchase requisition is created by the requesting department

• Purchase order is created and sent to the vendor

• Goods receipt is created upon delivery of goods

• Invoice verification is done to ensure correct payment

• Tables involved: EKKO, EKPO, EKBE, MSEG, RBKP, BKPF