This article will explain how lean manufacturing came into existence and how the just-in-time system was started. The Toyota Company was the one that established these concepts in the Operations and Supply Chain of the Car manufacturing industry. Almost all companies are now using these concepts to deliver the desired outputs efficiently. One of the…
Goa is one of the most popular travel destinations for Indian tourists due to its immaculate beaches. The spectacular coastline of more than 100 kilometres in Goa, dotted with hundreds of magnificent beaches, offers breathtaking vistas and tranquillity where visitors can unwind and enjoy the sun. The state of Goa in western India borders the…
“Yoga” When you hear this word, the first things that typically come to mind are asanas, meditation, wellness, and India. Yoga is thought of as one of the most efficient fitness regimens in general. This essay will present the entire image of yoga clearly and understandably. To comprehend yoga, we first will understand the person…
What is Split Valuation In Sap S/4 HANA MM module? The user can use the split valuation to maintain different substance prices at several storage sites. A material, for instance, can be created internally or outside. Generally speaking, the cost of the material will vary based on whether it was made internally or outside. Similarly,…
In investment banking, knowing the difference between the sell-side and buy-side industries is essential. But ironically, many of us are unaware of these critical terms. This article will look at the definition of the Sell Side and Buy side, their meaning, and the market players on each side. Sell Side and Buy Side Let us understand what the sell side and the…
SERVICE PO Service PO is a type of purchase order document in procurement. A service purchase order or service order is a formal document from a purchasing organization to a supplier to procure the services the supplier provides. Let us create one Service PO in SAP S/4 HANA. Path -> T.Code -> AC01 The screen will appear. Click on…
GOODS RECEIPT A GR or Goods Receipt is a movement of goods that posts the receipt of goods from a supplier or production. A GR increases inventory. A GR may be a reservation, a purchase order, or another form of GRs. Steps to create GR from PO Path → SAP Easy Access → SAP Menu → Logistics → Materials Management → Inventory Management → Goods…
In this article, you will define the valuation classes allowed for a material type. If a user creates a material, he or she must enter the material’s valuation class in the accounting data. Configuration of Valuation Class let us follow the steps below to configure the valuation class for the material master in SAP MM….
PURCHASE ORDER A purchase order is a crucial document and one of the primary documents of the purchasing department. This document informs the supplier or vendor about the requirement of the material the buyer needs. A PO can be created manually by referring to a PR, RFQ, contract, or delivery schedule, or it can be…
Request for Quotation RFQ, or simply quotation, is a document the purchasing team uses to ask the suppliers for a fair price for the products or services they need. The purchasing group prepares a proposal and sends it to some vendors. The vendors fill out the bid form and send it back to the purchasing…