Veljan Hydrair Interview Questions and Answers

Costing in procurement refers to the process of determining the expenses involved in acquiring goods or services.

• Costing helps in identifying the most cost-effective suppliers and negotiating better deals.

• It involves analyzing various cost components such as purchase price, transportation, storage, and handling costs.

• Costing also helps in budgeting and forecasting procurement expenses.

• Examples of costing methods includ...read more

OOPs stands for Object-Oriented Programming. It is a programming paradigm based on the concept of objects, which can contain data and code.

• OOPs focuses on creating objects that interact with each other to solve a problem

• It involves concepts like classes, objects, inheritance, polymorphism, and encapsulation

• Example: In a banking application, a 'BankAccount' class can have attributes like account number and balance, and

The OSI model is a conceptual framework that standardizes the functions of a telecommunication or computing system into seven layers.

• The OSI model stands for Open Systems Interconnection model

• It consists of seven layers: Physical, Data Link, Network, Transport, Session, Presentation, and Application

• Each layer has specific functions and communicates with the adjacent layers

SAP MM follows a standard organizational structure with various levels and elements.

• SAP MM uses organizational units like client, company code, plant, storage location, and purchasing organization.

• These units are linked in a hierarchical structure to define the organizational relationships.

• For example, a company code can have multiple plants, and each plant can have multiple storage locations.

• The purchasing organizatio...read more