Sap mm inventory with procure to pay (p2p) cycle

1. SAP MM -IM
 SAP MATERIAL MANAGEMENT – INVENTORY MANAGEMENT

2. Mandatory Settings
 Plant Parameters
 Number ranges for Inventory documents like Goods receipt (WE), Goods
issue(WA) ,

14. Accounting entries at the time of MIGO- GOODS RECEIPT

15. Procure to Pay Cycle
 Determination of requirements - PR from Stores and other departments - ME51N
 Source determination – RFQ to vendors or Supplier or Manufacturers - ME41N
 Price Comparison - Quotations selections wrt Price /qty/quality / delivery time - ME47 / ME49
 Purchase Order processing - Create PO wrt to Selected Vendor – ME21N
 Order management / po follow ups - Delivery schedules
 Goods Receipt (GR) from Vendor or supplier – MIGO
Accounting entry -
Stock A/c debt + 10 (qty) – BSX (Business transaction event key)
GR/IR Clearing A/c Credit – 10 (qty/val)- WRX (Business transaction event key)
 Invoice Receipt (IR) to Vendor - MIRO
Accounting entry-
GR/IR Clearing A/c Debit + 10*100=1000 qty (qty/val)- WRX (Business transaction event key)
Vendor A/c Credit (value) -10*100=1000 value – KBS -(Business transaction event key)