If you're looking for SAP FSCM Interview Questions & Answers for Experienced & Freshers, you are in the right place. There are a lot of opportunities from many reputed companies in the world. According to research SAP, FSCM has a market share of about 0.1%. So, You still have the opportunity to move ahead in your career in SAP FSCM. Mindmajix offers advanced SAP FSCM Interview Questions 2021 that helps you in cracking your interview & acquire your dream career as an SAP FSCM Developer.
Purchase to pay cycle
Order to cash cycle
|S.No||Purchase to pay cycle||Order to cash cycle|
|1||It is Company’s perspective||It is the supplier’s perspective|
|2||A quote is not always necessary||The same is of prime importance in this cycle|
|3||Vendors may not always need this||It is often required by the vendors|
Well, it is basically an approach that is very essential for any business to consider in the present time. This is because it brings a diverse array of benefits for one and all. Those who go for it can simply make sure of a very large number of benefits some of which are listed below:
Management of the credit collections and the concerned process is not a simple job in the present time. This is because of changes in the nature of users and their preferences. Another major problem is the competition which is obviously a challenge for any business in the present time. With SAP FSCM, one can simply enhance all the processes related to financial management in the organization. There are several functions in the tool with the help of which it is possible for the users to simply solve the issues related to finance and can enhance the overall visibility of the business.
There are certain things that largely matter. The first thing is to make sure how to sell the product to the customer without offering any discount. Next is to pay attention to the transaction history of the customer to understand the choice and preferences as it would be a useful strategy. It is also important to pay close attention to the risk assessment of the customer.
It is basically a graphical or a proper representation of all the phases which are related to the development of a product and how it is processed further to the vendors or to the customers. It is actually one of the prime aims of the financial supply chain management approach to enhancing this strategy and most of the users pay extreme attention to this.
Yes, it has a direct impact on both of these modules which are very important in any sort of business. With effective management of the financial supply chain, the users can significantly cut down the expenses which are no longer matters and can keep a close eye on the flow of expenses. By cutting down the expenses, it is obvious that profitability can be assured for sure.
Cash Flow facility Structure
It is basically nothing but a policy of the company to collect the pending amount from the vendors, wholesalers, retailers or from the customers in a specific time frame. This is mainly to avoid any pendency and to make sure that better customer relationships can be assured.
Yes, it is true. The SAP FSCM has several features in it through which the users can simply make sure of monitoring the behavior of the employee, his/her loyalty. In addition to this, the SAP FSCM makes sure of understanding the future sales trends with the help of which the organizations can enhance their profits or can simply prepare them for the future.
Financial Progress in a continuous manner is actually a tough job for the business. There are certain factors that can have a direct impact on the same. Some of these factors are:
SAP Financial Supply Chain Management tool is powerful in deriving a lot of information about all the above issues and with the help of the same, the concerned actions can easily be taken by the organizations to keep up the pace simply.
It is basically a situation when a customer, vendor, retailer, supplier, wholesaler, or anyone dealing with an organization fails to accept the policies of the company. The dispute can be due to a mistake or an organization or any other party. Generally, most disputes arrive due to the factors which are related to the financial transactions.
Well, the prime benefit is the concerned processes which are often too complex to handle can easily be broken down into different sub-modules or sections which can be combined at a later stage.
No, there is no such limit and the users can easily keep up the pace without worrying about anything like that.
The potential risk of bad credits can easily be avoided up to a very good extent.
In this approach, the reporting should be considered in the initial stage as it can help the organization in deriving results which are far beyond their imagination. This is because the wastage of time due to mentioning wrong information can easily be avoided in the long run and the users are free to make sure of outcomes that can be trusted for the long run.
Implementation of such a project is a task that needs to have isolated at every stage. This is because the processes are very much different from one another and the users can divide them as per their need. The biggest thing about this technology is more than 80% of the tasks related to implantation are pre-designed. Rest can be done through the proper software implementation.
It simply let the organizations to make sure of managing the payments, liquidity, financial reporting as well as integration of facts in a reliable manner.
It is basically a policy or a strategy with the help of which evaluation is done by an organization on the creditworthiness of a customer based on the data for the purpose of taking credit decisions that can affect the organization and the customer. It is not always necessary that the same credit management approach works for all the customers.
It means Stock Keeping unit and is basically an approach that gives information about a specific financial aspect.
There are certain tasks that largely matters and the good thing is the users are free to keep up the pace in the right manner. There is not always a need for the users to get things done through an approach that always supports the receivables management. This generally includes:
There are certain elements:
It is basically a mechanism that is generally adopted by the organization to get the things done in their own favor or in the favor of both parties involved. With this, the payment problems can be detected easily.
Not always, but in most the cases it is based on different networks and tools
To make the entire inventory readily available and achieve efficiencies
It is nothing but the movement of finance at the desired destinations
It is basically an approach with the help of which the sellers or the organizations can directly or easily send bills to the concerned parties through an electronic approach. This helps them in making payments online without worrying about anything.
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It is basically maintaining a specific level of finance or cash when it goes down due to the reasons such as emergency needs and investments. Every organization has to maintain a financial stock actually.
The overall visibility of the financial flow can easily be expanded with the help of this approach and it has already been proven by the organizations who have already adopted the same. The users can easily recognize the events that have a great impact on the working capital and can improve the same. Also, a lot of information can easily be derived with the help of which the users are free to improve the pricing policy, discount gives, terms affecting and managing the payments, inventory related factors as well as the financial auditing can be improved in no time.
It stands for Business Process Integration.
I am Ruchitha, working as a content writer for MindMajix technologies. My writings focus on the latest technical software, tutorials, and innovations. I am also into research about AI and Neuromarketing. I am a media post-graduate from BCU – Birmingham, UK. Before, my writings focused on business articles on digital marketing and social media. You can connect with me on LinkedIn.