Thursday, July 23, 2020

Path to create the company code in the sap step by step:-

IMG ⇒ Enterprise Structure ⇒ Definition ⇒ Financial Accounting ⇒ Define Company

TCode: OX15

Step-1 Type SPRO

Step-2 Click on the Highlighted SAP Reference IMG

Step-3 Click on enterprise structure and then Click on financial accounting.

Step- 4 Click on the Edit, Copy,Delete, Check Company Code

How to Create a Company in SAP & Assign Company Code

Step- 5 Enter the below given fields.

Step- 6 Fill the basic details given below

After the following steps to filled and saved.

Wednesday, July 15, 2020

SAP MM - Procurement Process

The process of buying materials and obtaining services from vendors or dealers is called procurement.It is subdivided into following parts −

Basic procurement is a process of acquiring goods or services in the right quantity, at the right price, and at the right time. However it is critical to maintain a right balance between quantity, price, and time

Structure of the Procurement Type:-

Sr.No.	Procurement Activities & Description
1	Determination of requirement It is the logical subdivision where it is determined what material or services are required, and which supplier can fulfill the requirements.
2	Creating Purchase Requisition It is the phase in which the purchasing department is informed about the requirement of items or services. A requisition is an internal document.
3	Creating Purchase Order It is the phase when an order is created from requisition and it is approved and assigned to a supplier.
4	Goods receipt/ Invoice Received It is the phase in which the material is received by the company and its condition and quality are being inspected. In this phase, an invoice is received from the vendor (seller).
5	Invoice verification/ Vendor Payment It is the phase in which the vendor (seller) is paid from the company and reconciliation of the invoice and PO is accomplished.