A brief on output Condition Records Output messages are basically used by the SAP System to remember the preferred mode of communication with the Vendors. Some Vendors may accept Purchase Orders though Fax and others through EDI etc. The output…
As is the case with most competitive exams, SAP certification exam for a procurement associate tests how well a candidate can remember the content in the prescribed manuals ( (TSCM50, TSCM52) . I have successfully completed my certification exam for a…
What is a Trial Balance Sheet? A trial balance sheet is prepared to check if all the transaction have been recorded correctly. It does this by checking the credit balance vs the debit balance. Every company maintain a set of…
According to ABC analysis, it is economical to stock more low-value items than high-value items. This is demonstrated with the example below. Assume that the ordering cost is the same for all kinds of items – A, B & C.…
A business in Mumbai procures material from Delhi and Calcutta. The client wants to maintain two different number ranges to diferentiate the Delhi Vendor POs from the Calcuatta Vendor POs. How can this be accomplished? Create a custom document type…
Copied from http://scn.sap.com/community/erp/logistics-mm/blog/2012/10/03/brief-overview-of-outline-agreements Posted by Rajen Patel in SAP ERP – Logistics Materials Management (SAP MM) on Oct 3, 2012 5:33:29 AM inShare What is Outline Agreements? Where it fits in purchasing process? The outline purchase agreement is often referred…
Classify Accounts Personal Accounts – vendors, customers, trading partners, Capital accounts, bank accounts Real Accounts – Assets accounts, Cash accounts Nominal Accounts – expenses/losses, incomes/gains Rules followed for accounts Personal accounts – Dr(Debit) the receiver and Cr(Credit) the giver Real…
Adapted from Faisal Mahmood’s Integration of Material Management with Financial Accounting in SAP A good readings on automatic Account determination – http://sapdup.peteandmegan.com/2006/10/sap-mm-automatic-account-determination/
Mr. Thomson enjoys his hot oil Massage A rubber products company called RUBCOM makes rubber based products. RUBCOM makes rubber linings used in the Automobiles and gaskets used in pressure cookers. RUBCOM has manufacturing plants situated at Gurgaon and Manesar for…
What is Stock Transfer OrderWhat is Stock Transfer Order? What are the IMG configurations? How do you create a STO?by: Jupalli Samatha The following steps have to be followed in order to configure stock transport order between two plants. 1.…