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What is inventory management in SAP MM?

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What is inventory management in SAP MM?

Inventory management deals with the management of stock, either on value or quantity basis. It includes planning, entry, and keeping records of all the movements of goods. Goods movement creates a document that updates all the stock quantity and value in the inventory that is known as the material document.

How do I prepare for SAP MM interview?

2) What are the essential components in SAP MM?

  1. Determine requirements.
  2. Source determination.
  3. Vendor Selection.
  4. Order Processing.
  5. Order follow up.
  6. Goods receipts and Inventory management.
  7. Invoice Verification.

What questions are asked in SAP MM interview?

Frequently Asked SAP MM Interview Questions

  • What is the difference between CBP and MRP?
  • What do you know about SAP MM?
  • Explain in detail the order of purchase?
  • What are the important criteria in purchasing?
  • What is the code for deleting a particular batch?
  • How is a receipt posted?
  • What is known as RFQ?
  • What is CBP?

How important is inventory management in the SAP?

SAP Inventory Management is suitable for businesses of any size and focuses on organizing and streamlining product storage and fulfillment. This system helps boost customer satisfaction by linking service goals with stock investments throughout an entire supply chain.

What is GR blocked stock?

Gr Blocked Stock : Gr blocked stock is a stock which we accept it on conditional basis. Suppose you order a material for which quality check certificate is not received along with the material. So you put the material in Gr blocked stock using movement type 103.

What is the difference between warehouse management and inventory management?

Warehouse management is the process of handling inventory and related tasks within a warehouse. Inventory management deals with managing stock for the whole business and forecasting business trends.

What are essential components SAP MM?

SAP MM can be divided into five major components. These are: materials management, plant maintenance, quality management, production planning and control, and a project management system.

What are the movement types in SAP MM?

Standard SAP Movement Types

Movement Type Description Accounting Effect
101 GR goods receipt S
102 Reversal of GR H
122 RE return to vendor H
123 RE rtrn vendor rev. S

What is P2P cycle in SAP MM?

The P2P cycle, also known as the procure to pay process, is a key business function in SAP and other ERP systems. It covers the entire process of acquiring goods and services from suppliers and paying for them. This process begins with requisitioning goods or services and pays the supplier for those goods or services.

How do I review inventory materials in SAP?

MMBE: How to get SAP Stock Overview

  1. Enter T-Code in Command bar MMBE. Enter Material No . Select display level for which we want to see stock overview. Click on execute Button.
  2. Output will be displayed as below- Stock overview for material 9554 is displayed. Stock at Company /Plant / storage location is displayed.

What is a 321 Movement in SAP?

Movement Type: 321 is used to Transfer Goods From Quality to UnRestricted Stock.

What is 103 and 105 movement type in SAP?

103 – to put material in GR blocked stock. No accounting documents generated. 105 – to put GR blocked stock into URU, QI or Blocked stock.- Accounting documents are generated.