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Are you aiming to become an SAP MM Associate at PwC? Have you already applied for the job and received a call for an interview? Now you must be thinking about how to prepare for the said interview. This blog provides exactly what you are searching for. So, let us look into some of the frequently asked PwC SAP MM Associate Interview Questions in this blog.
PwC SAP MM Associate Interview Questions: Introduction
PwC, or PricewaterhouseCoopers, is a leading global provider of professional services. It provide customers in various sectors with audit, tax, and consulting solutions. The firm PwC, which employs over 284,000 people and operates in over 157 countries. It is renowned for its competitive hiring practices and high standards. This article will walk you through the important PwC SAP MM Associate Interview Questions you may face. And it will allow you to prepare properly and boost your chances of securing your ideal job with PwC.
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PwC SAP MM Associate Interview Questions and Answers
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A diverse range of trained workers may be employed by product manufacturing organizations to oversee various areas of the production process. These occupations may be quite fulfilling and frequently require a large number of software and human solutions. It might help to be aware of the kinds of questions you can encounter in an interview. That is if you’re hoping to work as an SAP MM consultant or in other similar professions. In this post, we look at a list of PwC SAP MM Associate Interview Questions. We will present sample responses to help you prepare.
What is included in a material master record, and what data does it contain?
In SAP MM, a material master record is a master data record that holds details on a material that a company purchases, manufactures, stores or sells. It is utilized in many SAP MM business operations and serves as the primary information source for material.
A material’s description, classification, units of measurement, availability of stock, price, and accounting information are just a few of the details that may be found in the material master record. It also contains details on the plant where the material is kept, the vendor who provides the product, and the storage areas inside the plant. Purchasing, inventory control, and production scheduling are just a few of the business operations that rely on the material master record, which is generated and updated centrally in SAP MM.
What is the purpose of a purchase order and what data is needed to make one?
A purchase order, or PO, is a formal document that a buyer issues to a vendor to obtain products or services. When the buyer needs outside acquisition of goods or services, a purchase order is made in SAP MM. You need vendor information (vendor name, address, and contact details), Material or service information (description, quantity, and price), Delivery information (delivery date and location, special shipping instructions), Payment terms (payment terms and conditions like payment method, payment date and discounts if there is any) and account assignment information (general ledger account and cost centre etc.).
What is a goods receipt?
Acknowledging the receipt of goods or services from a seller is known as a goods receipt (GR). It is an important phase in the procurement process since it guarantees that the items received correspond to the purchase order and that any differences can be resolved.
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What is a goods issue?
The process of releasing products or resources from inventory for use in manufacturing, shipping, or other company operations is known as a goods issue (GI). A production order, sales order, material transfer, or any other reason can all start a goods issue in SAP MM.
What is a purchase requisition?
An SAP MM document called a purchase request (PR) is used to start the procurement process for goods or services that a department within a business needs. It is an internal document that may be used to make requests for goods or services from an authorized list that is established by a user within the company.
What distinguishes a purchase order from a purchase requisition?
A purchase order (PO) and a purchase requisition (PR) differ primarily in the following ways. A PO is a legally binding document that is delivered to a vendor to request the delivery of goods or services, whereas a PR is an internal document used to start the procurement process.
An organization’s user creates a PR to start the procurement process for supplies or services that a department needs. It is used to request the creation of a purchase order to acquire the necessary goods and to convey the internal demand for supplies or services.
On the other hand, a purchase order (PO) is a document generated within SAP MM that is sent to a vendor to request the provision of products or services. It includes precise information regarding the goods or services that are being sought, such as the amount, cost, and date of delivery. A purchase order (PO) binds the seller to provide the required products or services after it has been generated.
What does SAP MM employ a source determination for, and how does it work?
The act of finding and choosing the best source to acquire the goods or services that a business needs is known as source determination. It entails choosing the best source of supply after weighing options according to criteria including cost, reliability, quality as well as delivery time.
Source lists, info records, and quota arrangements are a few of the tools and methods available in SAP MM for source determination. These tools let the user choose the best source based on predetermined criteria and give information about the supply sources that are accessible.
SAP MM uses source determination to make sure that goods and services are acquired from the most reliable source at the best terms, with the least amount of risk. Organizations may enhance the performance of their supply chain and streamline their procurement procedures by assessing different supplier sources.
What role does the batch record have?
A batch describes the amount of a certain product that is manufactured or processed simultaneously under the same conditions. The materials created in this batch have the same qualities and values. On the other hand, the batch record provides details on a specific batch product and aids in determining if the product has undergone GMP (Good Manufacturing Process) testing.
What exactly is a vendor master record, and what kind of data does it include?
In SAP MM, a vendor master record is a master data record that holds details on a vendor that provides goods or services to a company. It serves as a single repository for data utilized in several SAP MM business operations, including accounts payable, inventory management, and buying.
A vendor’s name, address, contact information, conditions of payment, bank information, and other details are all contained in the vendor master record. It also contains details on the vendor’s supplies or services, including costs, delivery schedules, and quality ratings. Several business processes require the vendor master record, which is produced and kept up to date centrally in SAP MM, to purchase goods or services from the vendor.
What is a request for a quotation?
A document prepared in SAP MM called a request for quotation (RFQ) is used to ask suppliers for quotes when buying goods or services. It is usually employed when a company want to evaluate terms and prices from several suppliers before deciding which one to buy from.
Describe the process of creating consignment stocks.
Consignment stocks are made by standard purchase orders or requisitions. You must indicate the K category for the consignment item while generating consignment stocks, among other factors to take into account. Consequently, consignment retailers get the given products and an invoice receipt is not produced.
What is a service entry sheet?
A document prepared in SAP MM called a service entry sheet (SES) is used to process and record services rendered by a vendor. It is used to start the payment process and verify that the services have been provided by the conditions that were agreed upon.
What is a stock transfer order?
Materials or stock can be moved between locations within an organization using a stock transfer order (STO), a document generated in SAP MM. When materials need to be moved from one factory to another or from one storage facility to another, they usually employ it.
Describe what CBP is in detail. How do CBP and MRP vary from one other?
The stock’s historical consumption values, or CBP, are used to project future needs. The net need for commodities is computed using historical consumption figures.
The way that MRP and CBP differ is that MRP requires you to forecast the amount of materials needed based on sales and operations planning (SOP). Predicting the material requirement while working at CBP requires you to consider past material demand.
What is a consignment purchase order?
A specific kind of purchase order called a Consignment Purchase Order (CPO) is made in SAP MM and is used to acquire items that belong to a vendor but are kept in the buyer’s inventory until they are used up or sold. Until the materials are taken out of the consignment stock, the vendor is still the owner.
What is a subcontracting purchase order?
A specific kind of purchase order produced in SAP MM called a Subcontracting Purchase Order (SCPO) is used to acquire materials from a vendor who will utilize those components to make an assembly or completed product. The production procedure and shipping the completed items back to the customer are the vendor’s responsibilities.
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Tips for Preparing for Interviews
You are probably already aware of SAP’s standing as a market leader in corporate software if you are looking for a job there. Still, some people may find the SAP interview process intimidating.
Soft skills and technical understanding are needed to prepare for an SAP interview. Speaking boldly about your experience, being able to express yourself properly, and showcasing your problem-solving skills are all essential for a successful interview. The following tips can help you practice for your upcoming interview and answer the PwC SAP MM Associate Interview Questions confidently.
Conduct Research About the Firm
Learn about the latest news, services, and products offered by SAP. See if the business has started any special projects in the past several months. You may better match the company’s values with your responses by using this knowledge.
Brush Up on Technical Abilities
SAP is recognized for its enterprise software solutions, so be prepared to discuss your expertise working with these technologies. Review any technical ideas or abilities stated in the job description, such as programming languages or database administration. It is best if you can use an online certification course that offers excellent mentorship to get through the interview.
Have you heard about the Entri Elevate SAP S&P Sourcing and Procurement (MM- Material Management) certification course? They provided recorded sessions, group discussions, live classes, assessments, mentorship and even placement assistance. Their coaching will certainly help you in answering PwC SAP MM Associate Interview Questions.
Prepare Answers for Frequent Interview Questions
The frequent SAP interview questions listed above can help you get started. Include questions about the exact position that you are applying for. Prepare comments that include particular, tangible examples rather than theoretical or philosophical answers that are unrelated to your personal experience or understanding.
Work on Your Communication Abilities
Make a recording of yourself answering questions from the interview and review it later. Take note of your body language, tone, and speaking tempo. Then correct accordingly to attain the required improvements you may need. You can take the help of a mentor or a peer to polish up the soft skills required for an interview.
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PwC SAP MM Associate Interview Questions: Conclusion
All the frequently asked PwC SAP MM Associate Interview Questions discussed above along with the preparation tips given can help you answer all the PwC SAP MM Associate Interview Questions confidently. Start your preparation in advance by joining the Entri Elevate SAP S&P Sourcing and Procurement (MM- Material Management) certification course.
Frequently Asked Questions
How do you handle service procurement in SAP MM?
In SAP MM, service procurement is managed by generating a service master record, specifying service requirements, and producing service purchase orders. The procedure also includes filling out service entry forms to validate service completion and issuing service bills.
Candidates should demonstrate their understanding of service procurement procedures, including the various phases and papers required. Look for evidence of their ability to handle service contracts while adhering to company policies.
Which steps are included in SAP MM's subcontracting process?
The first step in the subcontracting process in SAP MM is to create a subcontracting purchase order that details the supplies that must be sent to the subcontractor. After that, the subcontractor receives the materials and uses them to make the final products.
A goods receipt is sent upon delivery of the finished items, and the system adjusts the accounts and inventories in line with that information. Seek applicants who can elucidate the significance of overseeing subcontracting partnerships and guaranteeing the precision of financial transactions and material movements.
How do you manage SAP MM's automatic reorder point planning process?
Setting a minimum stock level for materials is part of SAP MM’s automatic reorder point planning. To refill the supply, the system automatically creates a buy requisition when the stock level drops below this threshold.
Candidates must exhibit their comprehension of setting up reorder points, modifying safety stock levels, and making timely procurement arrangements to prevent stockouts. Look for instances of how they have enhanced procurement efficiency and optimized inventory levels.
Could you describe how SAP MM's purchase order release strategy operates?
Determining approval procedures based on parameters such as order value, material type, and purchasing organization is part of the release strategy for purchase orders in SAP MM. Before being implemented, a purchase order must go through the specified approval process.
The ability to handle exceptions, guarantee adherence to corporate standards, and set up and manage release plans should all be highlighted by candidates. Assess their capacity to manage the procurement process with a balance between control and efficiency.
Which data is contained in a Material Master Record, and what is it?
In SAP MM, an organization’s master data record including information on materials it purchases, produces, or sells is called a Material Master Record (MMR). It is a primary repository for data needed in many SAP MM business operations, including production scheduling, inventory control, and buying.
The MMR includes a variety of details on a material, including its name, description, and kind. It also contains details on the material’s suppliers, stock-keeping units (SKUs), costs, and other pertinent information for the management and acquisition of the material.
Transactions MM01, MM02, or MM03 in SAP MM can be used to construct and manage the MMR.
