Answer Posted / girish

The contract does not contain specific delivery dates or the individual delivery quantities. These are specified subsequently in release orders issued against the contract when customer requires them.
Characteristics of contract:
 Contracts are outline agreements. They do not contain details of the delivery dates for each of the items.
 To inform vendors of which quantity you need for which date, you enter contract release orders for a contract. A release order is a purchase order that references a contract.
 If a purchasing information record with conditions exists for the material and the vendor, the system automatically suggests the net price according to these conditions when you create the contract item.
 Contract validity period is defined in the contract header as the validity period
 For each item in a quantity contract, you define the target quantity and purchase order conditions.

Scheduling agreement
Details of the delivery date and quantity communicated to the vendor in the form of the delivery schedule.
Characteristics of scheduling agreements:
 Before creating a scheduling agreement, the purchasing user must define account assignment, purchasing organization, and purchasing group.
 A scheduling agreement can be created for subcontracting, consignment, and Third Party.
 Valid material number or account assignment category is mandatory for creating scheduling agreement
 Details of delivery dates and quantities are communicated to the vendor in the form of delivery schedules.
 Delivery schedule lines can be created with or without reference to a purchase requisition. Schedule lines can also be generated automatically using the MRP system.

Explain why a 'material master' is divided into views?

1120

---

What are the various steps of the mm cycle?

1181

---

What is the use of ‘split valuation’?

1299

---

If the recruiter is expecting thorough Knowledge\exp on the following topics:- o Material master o Vendor master o Purchasing o Release strategy o Inventory management What type of questions can i expect ? Please mention some important questions

2472

---

Which documents are generated in migo 101 movement type? Which accounts are effected in the process?

1371

---

Explain lot sizing

1081

---

Give some example of master data in material management (mm).

1165

---

What are the transactions that will result in a change of stock?

1112

---

what are the types of special stock available?

1144

---

What are the month end activities in sap mm?

1178

---

What is the difference between contract and scheduling agreement?

1150

---

What’s the real value of this upgrade from a technology perspective?

1094

---

How you can link a document to a vendor master record?

1130

---

What do you mean by consignment stock?

1034

---

What is a 'batch' in the context of 'batch management'?

1213

---