SAP MM Interview Questions and Answers
Ques 11. Explain the concept of 'Material Valuation' in SAP MM.
Material Valuation in SAP MM involves assigning a value to materials in the inventory. Different valuation methods, such as moving average price and standard price, can be used.
Ques 12. What is the purpose of the 'Vendor Master' in SAP MM?
The 'Vendor Master' in SAP MM contains information about the vendors from whom materials or services can be procured. It includes details like address, payment terms, and communication methods.
Ques 13. Explain the concept of 'Material Requirement Planning (MRP)' in SAP MM.
Material Requirement Planning in SAP MM is a system that helps in planning and managing the procurement of materials based on demand forecasts and production schedules.
Ques 14. What is the purpose of the 'Quota Arrangement' in SAP MM?
The 'Quota Arrangement' in SAP MM is used to distribute procurement quantities among multiple vendors. It helps in achieving a balanced distribution of materials.
Ques 15. How does 'Release Strategy' work in SAP MM?
Release Strategy in SAP MM is a workflow mechanism that allows specific individuals to release or approve documents such as purchase orders based on predefined criteria.
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