Answer / umesh mohan

Determination of Requirements
Source Determination
Vendor selection and comparison of quotations
PO processing
PO follow-up
Goods receiving and inventory management
Invoice verification
Payment processing

Answer / rajesh

purchase requition - source of supply - vendor selection -
purchase order - goods receipt - invoice verification

Answer / girish

1.Determination of Requirement
2.Determination of source of supply
3.Vendor Selection
4.Order Processing
5.PO monitoring
6.Goods Receipt
7.Invoice Receipt
8.Invoice Verification
9.Payment Process

Answer / mdinamulhaq

* Determination of Requirement
* Creation of Service Specification
* Source Determination
* PO Processing
* Order Follow up
* Goods Receipt or Service Entry
* Service Acceptance
* Invoice Verification

Answer / dulabhai

* Material selection
* Requirment
* vendor selection, RFQ and agreement
* PO
* PO monitoring
* GR/IR
* Invoice verification
* In time payment

Answer / dinesha r

1.Material
2.vendor
3.source availability
4.Agreement
5.Requistion
6.Purchase order
7.Receipt
8.Invoice verification
9.due days of payment
10.payment terms

Answer / patel

Hi,

This is a common question that is asked in the interview. The best to answer this question is as follows:

1) Create a source list with approved vendors, validity period, and a fixed vendor.

2) Now create a PR and assign source list that was created to PR through "Assign Sources of Supply."

3) Create a RFQ
4) Vendor Selection
5) Create a PO
6) Create a GR, and then IR. 
7) Invoice Verification
8) FIN Reconcile the postings of GL accounts
9) Then Admin does the automatic payment processing.

If you have any questions please revert back.

MM flow with Tcodes & tables

5 Answers   IBM, Supertech,

How does the system calculate taxes?

3 Answers  

Looking SAP MM Functional Training?

2 Answers  

what r the priority levels used in SAP, r these defined by individual companies r set same fr all

1 Answers  

What are the main features of consignment stock?

0 Answers  

Please recommend best SAP MM classroom training institute in Hyderabad ? Thank you

0 Answers   Elmec,

Is it possible to have a release procedure without classification for a PO?

4 Answers  

What are the various steps of the mm cycle?

0 Answers  

while i am saving GR in MIGO, the system is asking that "the control area is not assingned to company code xxx" Please suggest me the answer.

5 Answers  

What is purpose of zgr based invoice verification in purchase order?

0 Answers  

How is an item with serial no. managed?

4 Answers  

What is meant by MRP Type and lot sizing?

3 Answers