What is ME01 used for in SAP?

The SAP TCode ME01 is used for the task : Maintain Source List….SAP TCode (Transaction Code) – ME01.

SAP Tcode ME01
Screen Number 200
Transaction Type T
Module Materials Management ► Purchasing

What is consignment process in SAP MM?

Vendor Consignment is a process wherein the supplier provides materials and stocks them in the purchaser’s premises. The purchaser is liable to pay the supplier (Vendor) only when the stock is withdrawn (consumed).

What is inventory management in SAP MM?

Inventory management deals with the management of stock, either on value or quantity basis. It includes planning, entry, and keeping records of all the movements of goods. Goods movement creates a document that updates all the stock quantity and value in the inventory that is known as the material document.

What is source determination list?

SAP MM – Source Determination/List

  • Source list includes a list of possible sources of supply for a material over a given framework of time.
  • Source list specifies the time period of ordering a particular material from a given vendor.
  • Source list can be copied from one plant to another plant.

What are the movement types in SAP MM?

Standard SAP Movement Types

Movement Type Description Accounting Effect
101 GR goods receipt S
102 Reversal of GR H
122 RE return to vendor H
123 RE rtrn vendor rev. S

What is invoice SAP MM?

Once goods are procured from a vendor and placed in company’s premises through goods receipt, we need to pay to the vendor for the acquired goods and services. The amount to be paid along with the details of the material is provided by the vendor in the form of a document that is known as the invoice.

Why do we need source list in SAP?

The source list is used in the administration of sources of supply. It specifies the allowed (and disallowed) sources of a material for a certain plant within a predefined period. Each source is defined by means of a source list record.

How is me01 transaction code used in SAP?

As we know it is being used in the SAP MM-PUR (Purchasing in MM) component which is coming under MM module (Material Management) .ME01 is a transaction code used for Maintain Source List in SAP. It comes under the package ME.When we execute this transaction code, SAPLMEOR is the normal standard SAP program that is being executed in background.

What should be included in a sap mm resume?

The section contact information is important in your sap mm resume. The recruiter has to be able to contact you ASAP if they like to offer you the job. This is why you need to provide your: The section work experience is an essential part of your sap mm resume. It’s the one thing the recruiter really cares about and pays the most attention to.

How old do you have to be to use SAP mm?

CIN MM (Product: SAP ERP Business Suite) Sample Resume For 5 Year Experience SAP MM Consultant Sample Resume for 3.6 Yrs Experience Sample Resume For 3 Year Experience SAP MM Functional Consultant Sample Resume 10 Years Experience Sample Resume For 10 Year Experience

How to become a sap mm consulting consultant?

Configure SAP MM systems to meet client business requirements, including connection points with FI, WM, SD, PP and other modules and implementation of SAP best practices A minimum of five (5) years prior SAP MM consulting or equivalent industry experience