Sap Mm Interview Questions For Freshers
SAP MM Interview Questions: Tips for Freshers
SAP MM (Material Management) is a popular module in SAP that deals with managing inventory, procurement, and logistics processes in a company. In an interview for SAP MM freshers, the questions would typically cover topics such as basic knowledge of the module, understanding of procurement, inventory management, and logistics processes, knowledge of SAP MM processes and transactions, knowledge of integration with other SAP modules, etc. The interviewer may also ask questions to assess the candidate's analytical and problem-solving skills. Preparation for understanding the fundamentals of SAP MM and real-life experience with the module can help freshers successfully answer these interview questions.
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1 - What is the use of a purchase requisition and when is it created?
Purchase requisitions are used to request for goods or services from vendors. It is created when there is a need for a material or service which is not available in stock.
2 - How are price determination and conditions related in SAP MM?
Price determination is the process of calculating the final price of a material or service. Conditions are used to determine this price, and they include factors such as discounts, taxes, and surcharges.
3 - What is the difference between a goods issue and a goods receipt?
A goods issue refers to the process of releasing goods from the warehouse for outgoing deliveries, whereas a goods receipt involves receiving goods into the warehouse from an external source.
4 - Name some common types of purchase orders.
Standard purchase orders, blanket purchase orders, and framework purchase orders are some of the common types used in SAP MM.
5 - Can you explain the concept of a goods receipt/invoice receipt (GR/IR) account?
The GR/IR account is used to track the difference between the goods received and the invoice received for a purchase order. It serves as a temporary clearing account until the purchase order is fully processed.
6 - How is inventory managed in SAP MM?
Inventory is managed through the use of material master data, which contains information about the material stocks, such as quantity, location, and storage bin.
7 - What is a consignment stock?
Consignment stock refers to goods that are held in a warehouse but are still owned by the vendor until they are consumed or sold by the company.
8 - What is a release strategy?
A release strategy is a sequence of approvals required for a purchase order or purchase requisition to be released. It is used to ensure that the right people review and approve the request.
9 - How are goods dispatched using a delivery document?
Goods are dispatched by the creation of a transfer order, which contains the material, quantity, and destination location. This transfer order is then used to pick, pack, and ship the goods.
10 - What is the difference between a stock transfer between two storage locations and a stock transfer between two plants?
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A stock transfer between two storage locations involves moving goods within the same plant, whereas a stock transfer between two plants involves moving goods between different plants.
11 - How are stock reservations used in SAP MM?
Stock reservations are used to block a certain quantity of goods for a specific purpose, such as a sales order or production order. This ensures that the reserved stock is not available for any other purpose until the reservation is lifted.
12 - Can you explain the difference between a RFQ and a quotation?
A RFQ (Request for Quotation) is a document used to request quotes from vendors for the goods or services needed. A quotation is the response from the vendor, stating the price and conditions for the requested goods or services.
13 - What are source lists in SAP MM?
Source lists are a list of preferred vendors for a material or a group of materials. This allows the system to automatically select a vendor during the procurement process.
14 - How is a vendor managed inventory (VMI) system used in SAP MM?
A VMI system allows the vendor to manage the inventory levels of the goods they have supplied to the company. The vendor has access to the company's inventory data and can replenish stock accordingly.
15 - What is a scheduling agreement and when is it used?
A scheduling agreement is a long-term outline agreement between the company and a vendor specifying the terms of the goods or services to be provided. It is used when there is a recurring need for goods or services over a period of time.
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