WNS SAP Fico Consultant Interview Questions and Answers

Consignment stock is inventory that is owned by the supplier but stored at the customer's location until it is used or sold.

• Consignment stock is owned by the supplier but stored at the customer's location.

• The supplier retains ownership until the stock is used or sold.

• The customer only pays for the stock when it is used or sold.

• Consignment stock can help reduce inventory costs for both the supplier and customer.

• Examples...read more

The t-code to extend material in SAP MM is MM01.

• MM01 is used to create a new material master record.

• It allows you to extend the material to different organizational levels, such as plants or storage locations.

• You can enter all the relevant information for the material, such as description, unit of measure, pricing, and accounting data.

• Once the material is extended, it can be used in various SAP MM processes like purcha...read more

The standard purchase organization is a purchasing entity within SAP MM that represents a legal entity or a group of plants.

• It is used to define purchasing parameters and strategies for a specific group of plants or company codes.

• It helps in streamlining procurement processes and ensuring compliance with purchasing policies.

• It can be assigned to multiple plants or company codes.

• It allows for centralized purchasing and ...read more