BCSE ERP Materials Management (MM) 2

Question 1

What is a 'blanket purchase order' in SAP MM?

Accepted Answer

A long-term PO with a value limit that covers multiple deliveries over a period without specifying quantities upfront

Answer

A blanket PO (also called a value contract) sets a total spending limit for a vendor over a time period, allowing multiple goods receipts without creating individual POs each time.

Question 2

In SAP MM inventory management, what is 'movement type 101'?

Accepted Answer

Goods receipt against a purchase order

Answer

Movement type 101 in SAP MM represents a goods receipt (GR) posted against a purchase order, increasing stock in the warehouse.

Question 3

What is the purpose of a 'source list' in SAP MM?

Accepted Answer

A record that specifies approved vendors for a material within a specific time period

Answer

A source list in SAP MM defines which vendors are approved to supply a specific material within a defined validity period, and can enforce sourcing rules.

Question 4

What is 'consignment stock' in SAP MM?

Accepted Answer

Vendor-owned stock stored at the customer's premises, only paid for when consumed

Answer

Consignment stock in SAP MM is inventory physically located at the company's plant but owned by the vendor; payment is only triggered when the stock is withdrawn for use.

Question 5

Which SAP MM function is used to verify and post a vendor invoice?

Accepted Answer

MIRO

Answer

Transaction MIRO (Materials Invoice, Receipt Order) is used in SAP MM to enter and verify vendor invoices against purchase orders and goods receipts.

BCSE ERP - Business Certified SAP ERP Practice Test

BCSE ERP - Business Certified SAP ERP Practice Test

BCSE ERP Materials Management (MM) 2