Materials Requirement Planning in SAP

The main function of material requirements planning is to guarantee material availability, that is, it is used to procure or produce the requirement quantities on time both for internal purposes and for sales and distribution. This process involves the monitoring of stocks and, in particular, the automatic creation of procurement proposals for purchasing and production.

In doing so, MRP tries to strike the best balance possible between

  • optimizing the service level and
  • minimizing costs and capital lockup.

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SAP R/3 Purchasing Management

31 Steps to Purchasing Management

Contents:

Step 1: Define a Company
Step 2: Define Company code
Step 3: Assign Company code to Company
Step 4: Define a Plant
Step 5: Maintain Purchasing Organization
Step 6: Maintain Storage Location
Step 7: Assign Plant to Company code

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Step by Step Guide to Upload New Customer Master Record

Step by Step Guide to Upload New Customer Master Record With LSMW

From the material;
The LSM Workbench is an R/3-based tool that supports you when transferring data from non-SAP systems (“Legacy Systems”) to R/3 once or periodically.
The tool supports conversion of data of the legacy system in a convenient way. The data can then be imported into the R/3 system via Batch input, Direct input, BAPIs or IDocs. LSM Workbench provides a recording function that allows to generate a “data migration object” in an entry or change transaction. Through LSMW, we can upload Master Data and Transaction Data.

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Creating Tax Codes

Transaction:  FTXP

This area gives you a step by step explanation on “how to create a tax code in SAP”. Later on these tax codes must be used in the creation of condition tables such as for MWST.

  • Go to transaction code FTXP and select the country for which you need to create a tax code.  This country is automatically linked to the Tax Procedure which has been set up in the menu path [IMG – Financial accounting – Financial accounting global settings – tax on sales/purchases – basic settings – Assign country to calculation procedure].

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FI Checklist for Closing

1 Execute Report for InterCompany Activity & Journal Entries
2 Open posting period for next yr
3 Run Business Area’s Assignment report.
4 Review list of recurring journal entries
5 Execute Recurring Entries for A/R, A/P, G/L
6 Process Parked A/R, A/P, G/L accounting documents
7 Final Cutoff for the Maintenance of Fixed Asset- Add Transfer and Retire

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