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Logistics Invoice Verification in SAP MM

What is Logistics Invoice Verification in SAP MM?

Logistics invoice verification is the final step in procure to pay cycle. It begins with the vendor submitting the invoice for the goods sold. The Accounts Payable group, after receiving the invoice from the vendor, enters it in SAP. … Read More

Vendor Consignment Stock

What is SAP Procurement – Vendor Consignment Stock?

Vendor Consignment Stock

This is a special kind of stock which can be viewed under SAP inventory transaction MMBE but it belongs to the vendor. As per the need, the company withdraws stock from Vendor Consignment Stock, which results … Read More

Invoice Verification

What are all accounts important for Invoice Verification?

As we know that the Invoice Verification is a sub-component of MM and it has its integration with other sub-component of MM Module such as Purchasing and Inventory Management. Since SAP R/3 is an integrated system and information/Data flows from … Read More

Batch Management Configuration in SAP MM

Batch Management Configuration in SAP MM

Batch Management Configuration: This post explains a quick guide on how to use standard SAP Batch Determination for a material transfer.  For an internal goods movement we need SAP to pick the batch from stock with the earliest Shelf Life … Read More

Vendor Consignment Stock

Special Stocks and Procurement Types in SAP MM an Overview

Special Stocks are those stocks which are not belongs to our company code. These are not placed in our storage locations & no physical inventory is performed and treated as special stocks for the reason of ownership.

Different types … Read More

materials management terms

Materials Management Terms in SAP

Materials Management Terms in SAP

Controlling (CO)

An organizational unit in Accounting that reflects a management-oriented structure of the organization for the purpose of internal control.  Operating results for profit centers can be analyzed using either the cost of sales … Read More