Silver Touch Technologies Interview Questions, Process, and Tips

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

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

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 a...read more

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 determinatio...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 in...read more

GR/IR process is used to reconcile Goods Receipt (GR) and Invoice Receipt (IR) in SAP MM.

• GR/IR clearing account is used to record the difference between GR and IR

• GR is created when goods are received and IR is created when invoice is received

• GR/IR clearing account is cleared when the difference between GR and IR is resolved

• If GR is greater than IR, the difference is posted as a credit to GR/IR clearing account

• If IR is ...read more