SAP MM Certification Questions and Answers: Set 4

Here, I am posting sample of SAP MM questions ans answers set with only True-False. First try to answers yourself and check the correct answers at bottom. Note: In real time exam, you will not get question on true-false, these SAP MM questions and answers will helps you to clear your concept on respective topic. Some of the answers are not reliable for given SAP MM questions set, however you can find real time actual SAP MM questions with my Premium Set of SAP MM Certification Questions and Answers, because there are lot of chance to get exact SAP MM questions from it and which have accurate

1. What are the ways in which invoice postings are possible in SAP MM Process?

1. Manual posting
2. Automatically through electronic transfer
3. Evaluated receipt settlement
4. Invoicing plan
5. Consignment settlement

2. From where in SAP MM Process, can the terms of payment be an input for invoice verification?

1. User entry
2. Purchase order
3. Purchase order history
4. Vendor master
5. Material master

3. Which of the following does the system copy from the purchase order during invoice verification entry?

Physical Inventory Process in SAP MM

Physical inventory process in SAP is a process of determining that the inventory quantities are exact, or if there are differences in quantity mentioned physically present and that mentioned in the SAP system. Basically, after you are finished with physical inventory process in SAP MM, your system and physical stock levels must be the same.

It is mandatory for legal reasons, and in the most of the times it is conducted once a year.

To simplify the process, check the below diagram, these are the most common steps for doing physical inventory (not only in SAP ERP).

Physical Inventory Process Steps In SAP MM

Besides the legal reasons it is extremely helpful having the correct stock quantities in the system matching the physical stock. Management can have the correct information on the value of stock materials. ATP for sales is correct. MRP is done using the correct input parameters (material stock quantities).

Introduction to Material Master Data in SAP MM

Master data in SAP MM is used as a base for any transaction related to procurement. It requires certain master data to be maintained if you are selling, producing, transferring stock, purchasing, doing physical inventory etc.. We have material master data, customer master data, vendor master data, pricing/conditions master data, warehouse management master data (storage bin master data) etc.

The ones we will focus in MM module are material master and purchase info record is needed.

Material Master Data: What you should know about material master with respect to MM flows?

Material in SAP is a rational representation of certain properties, goods or service that is an item of production, sales, purchasing, inventory management etc. It can be a bike, a bike part, gasoline, shipping service or consulting service, for example which can stored as material master data in SAP MM.