SAP MM- Full overview of Material & Vendor Master config

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Description: Vendor and material masters are the important master data for every organization, were each vendor having business with the organization, the data will be updated in the company vendor master data were each details of vendor will be updated in the vendor master.Because the company will be procuring goods and services from the vendors and to maintain their business run smoothly and if any changes made to the details that’s needs to be updated in the vendor master. E.g.: the company use to manufacture the cars and basically, we use to receive the few external parts from suppliers and if we don’t receive in time then production is impacting, and sales will impact and finally business will impact, to overcome this every details of vendor will be maintained in vendor master.Xk01-Vendor master creationXk02-Vendor master changesXk02-Display vendor masterXk04-Display the changesXk05-Block the vendorXk06-Flag for deletionMKVZ-list of vendors-reportBasically, this data will be filled by MDM team or vendor management team and here in this case all 3 departments can create this vendor master data.If Vendor master is creating this new vendor, then financial data and purchasing data will be provided by respective FI, MM Consultants to them, and the transition they will use is XK01.Financial Data:Financial data will be purely for FI people and they have all the details of those fields and thy will be providing the details to Vendor master team.Here we will be filling Reconciliation number: ---the number which belongs to GL accountCash management group: the payment details like whether it’s an international payment, one-time vendor payment, standard vendor payment, domestic payment.The T-code to create only vendor master financial data is FK01.Purchasing Data:
Category: IT & Software > Other IT & Software > SAP Materials Management (SAP MM)
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Price: 19.99
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Source: Impact
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