T code mm01 creation of material Material: Substance or object dealt with on a commercial basis or used, consumed, or generated during

production ( Industry Sector: branch of industry to which the material is assigned. Material Type: assigns the material to a group of materials such as raw materials, operating supplies or trading goods. Copy From Material: Number of the material whose data you want the system to copy as default values.

Material: Text containing up to 40 characters that describes the material in more detail.

Basic Unit Of Measure: Unit of measure in which stocks of the material are managed. The system converts all the quantities you enter in other units of measure (alternative units of measure) to the base unit of measure. Material Group: Key that you use to group together several materials or services with the same attributes, and to assign them to a particular material group.

Purchasing Group: Key for a buyer or a group of buyers, who is/are responsible for certain purchasing activities. Purchasing Value Key: Key defining the reminder days and tolerance limits valid, as well as the shipping instructions and order acknowledgment requirement of the material for Purchasing.

Valuation Class: The valuation class has the following functions:

1) Allows the stock values of materials of the same material type to be posted to different G/L accounts. 2) Allows the stock values of materials of different material types to be posted to the same G/L account. 3) Determines together with other factors the G/L accounts updated for a valuation-relevant transaction (such as a goods movement). Standard price: A constant price at which a material is valuated without taking goods movements and invoices into account. Moving average price: A price that changes in consequence of goods movements and the entry of invoices, and which is used to valuate a material. The moving average price is calculated by dividing the value of the material by the quantity of material in stock. It is automatically recalculated by the system after each goods movement or invoice entry.

Save MM02 to change material, MM03 to display material Tcode xk01 Vendor Creation

Reconciliation Account in General Ledger The reconciliation account in G/L accounting is the account which is updated parallel to the subledger account for normal postings (for example, invoice or payment).

Terms of Payment Key Key for defining payment terms composed of cash discount percentages and payment periods.

Goods-receipt-based invoice verification A procedure in Invoice Verification allowing assignment of incoming deliveries and invoices to an item of a purchase order.

save T code ME11 create info record

First Reminder/Expediter Number of days representing the time interval at which reminders or urging letters/messages (may also be termed "chasers", "hasteners" (UK) or "expediters" (USA)) are to be issued to the vendor.

Planned Delivery Time in Days Number of calendar days needed to obtain the material or service if it is procured externally. Standard Purchase Order Quantity Quantity of the material that is normally ordered from this vendor. Net Price in Purchasing Info Record Price arrived at after taking all discounts and surcharges into account.

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save. Purchasing info record 5300005726 created Me12 for changing info record, me13 for displaying info record