BUS331S Integrated Business Experience Exam 3

Cost Center

Allows companies to track and manage cost (revenues and expenses) at the organizational¸ functional and project levels.

Data Integrity

Concept and process that ensures the accuracy completeness consistency and validity of a company's data.

Employee Lifecycle

Each phase of an employee's career and much of his/her personal life must be captured and retained as data.

Employee Master Record

Contains all the data related to that employee over the course of their career at the company.

Enterprise Structure

Required to represent statutory¸ regional and organizational conditions in an organization for people.

Human Capital Management (HCM) module

Provides the enterprise with the tools and processes to maximize its employees' contributions to the strategic objectives.

Master Data

- Defines the data in an organization uses repetitively to conduct business.

- Core data that is essential to operations.

Infotype

Screens that are used to enter and display employee master data.

Organizational Management module

Manages the organization's departments and the positions attached to those department which mirrors the reporting structure.

Organizational Unit

Another name for department.

Person

An employee in the company who fills a position.

Personnel Action

Group of connected infotypes so the required screens appear one after the other.

Personnel Administration module

Allows companies to enter and process employee-related data.

Personnel Area

Represents a specific area of the enterprise and is organized according to aspects of personnel¸ time management and payroll.

Personnel Development module

Allows for the planning and implementing specific personnel and training measures.

Personnel Management module

Provides functionality to store the employee master record¸ manage employee benefits¸ assess eligibility plans and benefits and enroll employees into benefits plans and track cost and compensation.

Personnel Subarea

Can be a department or branch office based on the company business process. A subdivision of a personnel area.

Position

A specific individual employee assignment.

Subtype

Subdivision of an infotype.

Validity Dates

Start and end date of a record.

Bill of Materials (BOM)

A listing of all the components that make up a product or assembly.

Capacity

Defined as the maximum amount that something can contain or accomplish.

Demand Management

Transfers information to the plant for execution of detailed planning.

Demand Planning

Contains the forecasted sales and planned independent requirements that are transferred to the detailed planning functions at each plant.

Dependent Demand

Demand for component parts or subassemblies.

Dependent Requirement

Based on the demand for another material.

Detailed Planning

Manages the supply/demand scenarios handed down by demand management to a plant.

Exploding the BOM

MRP opens the bill of materials of each finished goods for which it calculated a shortage.

Forecasts

Practice of predicting what will happen in the future by taking into consideration events in the past and present.

Historical Data

Includes data generated either manually or automatically within SAP from other internal computer systems or from external sources such as market data ¸governmental data or trend data from universities.

Independent Demand

What the customer orders meaning the finished product.

Independent Requirement

Demand that is not based on the demand for another item.

Make-to-Stock

Production strategy that is used by businesses to match the inventory with anticipated consumer demand.

Material Master Record

- Contains descriptions of the materials a company procures (buys) ¸produces (makes) and sells.

- Contains all the data an organization needs in regard to the purchase of a material.

Material Requirements Planning (MRP)

Monitor stocks and create proposals for purchasing and production in the form of purchase requisitions and planned orders.

Planned Independent Requirements (PIR)

Represent requirements (forecast) generated by high-level planning and are transferred to detailed planning.

Plant

Organizational level at which we store make and distribute materials.

Production Planning (PP) module

The strategy an organization executes to balance supply and demand.

Product Costing

Process that calculates how much it cost to produce a unit of material including labor¸ materials ¸machines ¸electricity etc.

Product Group

A group of products that have similar planning characteristics.

Production Version

Determines the production techniques by which a material will be produced.

Routing

Details the specific data for how a material is manufactured or assembled.

Safety Stock

Contingency of stock for unplanned events such as higher than expected sales or lower than expected manufacturing yields.

Sales and Operations plan (SOP)

Corporate-wide production and procurement strategy designed to meet forecasted sales levels.

Storage location

A subdivision of a plant and a plant can have many storage locations.

Transactional Data

- In the planning process¸ planned orders and purchase requisitions.

- Data created in the day-to-day transactions.

Work Center

Defined any way the company chooses and is generally organized in a manner that aids in the trancing and management of the work being executed.

Business Partner

A person or organization in which your company has a business interest.

Conditions tab

Contains the individual cost per item and the total cost of the purchase order.

Condition Master Record

Includes prices freights rebates discounts surcharges taxes etc.

Extending a View

Not creating the material again but creating new views.

Good Receipt

When the ordered goods are received.

Good Receipt/Invoice Receipt (GR/IR) Account

An intermediary clearing account in SAP for goods and invoices in transit (received but not yet billed for.)

Integration

Bringing together multiple business functions to operate together.

Invoice Receipt

When the invoice from the vendor is received and entered in the system.

Materials Management (MM) module

Provides support for all phases of procurement and inventory management.

Movement Type

Business rules defined by configuration for what needs to happen in specific circumstances.

Moving Average Price (MAP)

An inventory costing method where the average prices are calculated after obtaining the goods.

Organizational Structure

Represents the required information all material must have to exist in the SAP system.

Payment to Vendor

The payment to a vendor can be done automatically or manually.

PO History Tab

Location on the PO which allows monitoring one place when the goods receipt and invoice receipt activities have taken place.

PO Monitoring

Way to monitor the PO when the ordered goods are delivered as agreed as well as the invoice amount.

Posting

Procedure of transferring an entry from a journal to a ledger account.

Procurement

Another word for purchasing/buying.

Procure-to-Pay

Starts with procurement needs and ends with payment to the vendor.

Purchasing Information Record

Source of information for procuring specific material from a specific vendor.

Purchase Order

Formal request to a vendor for a specific material under the agreed upon conditions.

Purchase Requisition

Trigger that helps a company's buyers know what they need to purchase.

Purchasing Group

A buyer or group of buyers responsible for certain purchasing activities.

Purchasing Organization

Unit responsible for procuring services and materials.

Source of Supply

Determines the sources (suppliers/vendors) that have the items requested on the purchase requisition.

Three-Way Match

Allows the system to look for discrepancies between the purchase order goods receipt and the invoice receipt.

Vendor

A party in the supply chain that makes goods and services available to companies or consumers.

Vendor Selection

Process used to determine how a vendor will be selected.