Soltant Consultants Private Limited Interview Questions and Answers

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

• MM-FI Integration ensures that all accounting transactions are recorded accurately and in real-time.

• It helps in tracking the financial impact of all procurement and inventory transactions.

• It enables automatic account determination for goods movements and invoice verification.

• It facilitates the creation of accounting documents and updating of G/L accounts.

• Exampl...read more

Subcontracting process is when a company outsources a part of its production process to a subcontractor.

• The company provides raw materials to the subcontractor

• The subcontractor processes the materials and returns the finished goods to the company

• The company is responsible for quality control and payment to the subcontractor

• SAP MM module helps in managing the subcontracting process

Consignment is a business arrangement where a supplier provides goods to a customer, but retains ownership of the goods until they are sold.

• The supplier owns the goods until they are sold

• The customer only pays for the goods once they are sold

• The supplier may take back unsold goods

• Consignment can help reduce inventory costs for the customer

Batch Management is a process of managing and tracking the movement of goods in batches.

• It helps in tracking the movement of goods in batches

• It ensures that the products are of consistent quality

• It helps in complying with regulatory requirements

• It helps in managing inventory effectively

• Examples include pharmaceuticals, food and beverage, and chemicals

Release strategy is a process to control the release of purchase requisitions and purchase orders based on predefined criteria.

• Release strategy is used to ensure that the right people approve the purchase requisitions and purchase orders.

• It involves setting up release codes, release groups, and release indicators.

• Release codes are used to define the approval levels and release groups are used to group together the release codes.

• Release indicators are used to assign the releas...read more

Pricing Procedure is a set of condition types that determine the price of a product or service in SAP MM.

• Pricing Procedure is used to calculate the net price of a material or service.

• It consists of condition types that are used to determine the price.

• Each condition type has a specific purpose, such as tax, discount, freight, etc.

• The pricing procedure is determined based on the sales area, customer, and material.

• It can be customized to meet the specific pricing needs of a comp...read more