Recently I have come across another informative site for various SAP topics. Differing from other LSMW tutorials, this site gives very detailed steps with screenshots and notes. You will also find tips and tricks for some specific objects. You can see tutorial from HERE .
You will also find a lot topics under FICO, HCM, Reporting Tools, BW, Cross Systems. To visit site click HERE
Inventory Turnover is a prominent KPI in a lot of businesses. Kowboy, who runs SAP Mental Notes site, has posted a topic which you will get understanding the concept of Inventory turnover. Giving the formula, he also presents very clear real life scenarios for insight . You can read post from HERE
There are three methods with which you can revaluate your stock for Balance Sheet purposes.Irrespective of the method you select, you will be able to valuate your stock either at the Company Code level or at the Valuation Area level:
1. LIFO (Last-In-First-Out): This method is based on the assumption that the materials received last were the ones issued/consumed first. The valuation is based on the initial receipt.
2. FIFO (First-In-First-Out): Here the assumption is that the materials received first are the ones consumed/issued first. So, the valuation is based on the most recent receipt. The FIFO method can also be used in conjunction with the lowest value method. By this you can determine whether the system should make a comparison between the FIFO determined price and the lowest value price. You can also determine whether the FIFO price should be updated in the material master record.
3. Lowest Value Method: Here, the stocks are valued at their original price or the current market price whichever is lower. This method is suitable when the inventory needs to be valued to take into account material obsolescence, physical deterioration, or changes in price levels.
For more details visit SAP Help pages
I know title gives such a sense that as if this post contains a pdf document, that i have been used to do, but no :). Surfing and discovering new sites, i have encountered another good ABAP related site, managed by an SAP Consultant, Manohar Tiwari. He gives expert answers for the most common question that all ABAP freshers bear on their mind. Answered questions so far are as following;
Interactive Forms based on Adobe software is SAP’s new solution for forms development as a part of Netweaver. First of all what are forms and what they are used for; Forms are documents used by end users to share knowledge, offer a service, collect and provide answers and etc..Smartforms and SAPscripts are other tools to create forms provided by SAP. There are two type of scenarios available for developers to create forms; Online and Offline Forms
Besides the normal posting periods, SAP allows for defining a maximum four more posting periods, which are known as Special Periods as these are used for year-end closing activities. This is achieved by dividing the last posting period into more than one (maximum four) period. However, all the postings in these special periods should fall within the last posting period.
Example: Take fiscal year with 12 posting periods and 4 special periods. If the posting date falls in the 12th period, the transaction can instead be posted in one of the four special periods.
The special periods cannot be determined automatically by the system based on the posting date of the document. The special period needs to be manually entered into the ‘posting period’ field in the document header.
Materials Management covers all tasks within the supply chain, including consumption-based planning, purchasing, vendor evaluation, and invoice verification. It also includes inventory and warehouse management to manage stock until usage dictates the cycle should begin again.
The purpose of the MM-Materials Management module is to provide detailed support for the day-to-day activities of every type of business that entails the consumption of material. Read more →