SAP MM- Full overview of Material & Vendor Master config

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 creation

Xk02-Vendor master changes

Xk02-Display vendor master

Xk04-Display the changes

Xk05-Block the vendor

Xk06-Flag for deletion

MKVZ-list of vendors-report

Basically, 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 account

Cash 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:

Purchasing data will be always part of MM department, they use to get the details related to purchasing fields.

Few fields are:

Order currency: The currency of the vendor needs to be maintained as per the country of vendor supplying goods.

Terms of payment: it explains the payment terms of the vendor, like data of payment after the goods has been shipped.

Like 30 days after shipping, 45 days after shipping.

We can even the customize the payment terms as per the organization standards.

Controlling data- Where it explains the controlling like

GRbasedIV- IV will be posted wrt GR

Auto ERS-GR and IR will be posted wrt PO

Returns order- applicable or Not

We can create the purchasing data of vendor master in MK01.

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