SAP MM Interview Questions and Answers
Ques 26. What is 'Landed Cost' in SAP MM?
'Landed Cost' in SAP MM includes all costs associated with bringing goods to the warehouse, such as shipping, customs duties, and insurance. It provides a comprehensive view of total costs.
Ques 27. Explain the concept of 'Release Indicator' in SAP MM.
'Release Indicator' in SAP MM is a flag that determines whether a document, such as a purchase order, requires approval before it can be processed further.
Ques 28. What is 'Vendor Evaluation' in SAP MM?
'Vendor Evaluation' in SAP MM involves assessing and rating the performance of vendors based on factors like delivery timeliness, product quality, and adherence to terms and conditions.
Ques 29. Explain the purpose of the 'Consignment Stock' in SAP MM.
The 'Consignment Stock' in SAP MM allows a company to store materials at a customer's location until they are consumed. Ownership is transferred only when the materials are used.
Ques 30. What is the significance of the 'Automatic PO Creation' feature in SAP MM?
The 'Automatic PO Creation' feature in SAP MM allows for the automatic creation of purchase orders based on predefined criteria, streamlining the procurement process.
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