IT2401 Materials Management (MM)

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What type of master data includes information for business activities with an external supplier?

Condition Master Data

Output Master Data

Vendor Master Data (correct)

Purchasing Info Record

How many views is the Vendor Master divided into in SAP S/4HANA?

2

5

3 (correct)

4

Which department typically uses and maintains the Vendor Master Data?

Sales Department

Purchasing and Accounting Departments (correct)

Marketing Department

Human Resources Department

What information is included in the Material Master Data?

All the information a company needs to manage a material Signup and view all the answers

Which part of the Vendor Master Data includes vendor address and preferred communication details?

Client Level Signup and view all the answers

Where can reconciliation account and bank account details be found within the Vendor Master Data?

Company Code Data Signup and view all the answers

What is the smallest organizational unit in the MM organizational structure where a legal set of books can be maintained?

Company Code Signup and view all the answers

Which unit in Materials Management is responsible for differentiating various material stocks in a plant?

Storage Location Signup and view all the answers

In the MM organizational structure, where does the buying activity for a plant take place?

Purchasing Organization Signup and view all the answers

Which unit is responsible for negotiating the conditions of purchase with vendors in Materials Management?

Purchasing Group Signup and view all the answers

What is the organizational unit within Purchasing that serves as the communication channel for vendors?

Purchasing Group Signup and view all the answers

Which unit within Materials Management includes manufacturing, distribution, purchasing, or maintenance facilities?

Plant Signup and view all the answers

What is the purpose of the Sales area in Material Master data?

To specify details on the Delivery Plant and Loading Group Signup and view all the answers

Which view of Material Master data contains material information relevant to the entire organization?

General Information Signup and view all the answers

What does Purchasing Information Record help buyers determine quickly?

Which vendors have offered or supplied specific materials Signup and view all the answers

Which of the following is part of the Procure-to-Pay process in MM Processes?

Notify Vendor Signup and view all the answers

What does the relation between a vendor and a material form in the framework for Purchase Order?

Data on pricing and conditions Signup and view all the answers

Which area of Material Master data includes details on the stock quantity?

Storage Location Signup and view all the answers

What type of document is used to instruct the purchasing department to request a specific good or service for a specified time?

Purchase Requisition Signup and view all the answers

How many ways can a purchase requisition be created?

Two ways Signup and view all the answers

What does MRP stand for in the context of creating a purchase requisition indirectly?

Material Requirement Planning Signup and view all the answers

Which of the following is NOT a way that a purchasing department can process a requisition to determine the appropriate Source of Supply?

Vendor Shipment Signup and view all the answers

What does the Source List record specify for material procurement within a company?

Sole vendor for procurement Signup and view all the answers

When an internal source is identified as a potential supply for materials, how is the requirement usually covered?

Stock transport order Signup and view all the answers

What is a key function of vendor evaluation?

Monitoring vendor relations Signup and view all the answers

Which of the following is a sub-criteria under the Quality criterion in vendor evaluation?

Complaints/Rejection level Signup and view all the answers

What does a Purchase Order primarily serve as?

A formal request to a vendor for specific material or service Signup and view all the answers