SAP MM
SAP MM Interview Questions and Answers
Q1. What is the consignment stock Types of contract
Consignment stock is inventory that is owned by a supplier but held by a customer until it is sold.
Consignment stock is a type of inventory management where the supplier retains ownership of the goods until they are sold by the customer.
The supplier only invoices the customer for the goods that have been sold, not for the entire consignment stock.
Consignment stock is often used in industries where the goods have a long shelf life, such as automotive or electronics.
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Q2. what is AAD?
AAD stands for Automatic Account Determination. It is a feature in SAP MM that automatically determines the correct GL account for a transaction.
AAD is a feature in SAP MM
It automatically determines the correct GL account for a transaction
It saves time and reduces errors in accounting
AAD is based on a set of predefined rules and conditions
Examples of AAD include determining the correct account for goods receipt, invoice receipt, and goods issue
Q3. what is STO
STO stands for Stock Transport Order. It is a type of purchase order used for inter-plant transfers within a company.
STO is used for transferring goods between two plants within the same company code
It is used to track the movement of goods from one plant to another
STO can be created with reference to a purchase order or a delivery document
It is used in SAP MM module
Q4. What is SAP MM
SAP MM (Materials Management) is a module in SAP ERP that manages procurement and inventory functions.
Manages procurement processes such as purchase requisitions, purchase orders, and goods receipts
Handles inventory management including material storage, movement, and valuation
Integrates with other SAP modules like SD (Sales and Distribution) and PP (Production Planning)
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