SAP FSCM Interview Questions

06 October, 2020


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Are you looking for an SAP FSCM Interview Questions? Then you’re at the right place. There are wonderful opportunities for SAP FSCM developers in this fast pacing world. So, you can excel your career in SAP FSCM with a good salary package. Our Tekslate experts compiled Advanced SAP FSCM Interview Questions and Answers that help you to crack the interview and acquire the dream job as an SAP FSCM developer. 

SAP FSCM Interview Questions And Answers

Here Are The SAP FSCM Interview Questions

Q1) Explain about SAP FSCM?

Ans: (FSCM) Financial Supply Chain Management means managing the demand and supply of equivalents/cash. It optimizes the financial and information flows between business partners and organizations.

Q2) Explain about the major benefits of SAP FSCM?

Ans:  Following are the major benefits of SAP FSCM: 

  • The cycle improvement accomplished can be separated into various streams. Cycle proficiency and controls can be seen inside the Credit Collection groups and other related groups. 

  • The Collection work list guarantees the right client is called at the opportune time inside the Collection cycle. This will empower more clients to be called, as the volume of exertion to record a client contact is improved into a solitary exchange. 

  • Logging debates eliminates disconnected manual cycles, and lessening the time spent to log and cycle questions will legitimately improve the money assortment measure prompting more money being gotten in a snappier time period. 

  • The new form of Credit Management gives more precise credit information utilizing interior and outside information, decreasing the expected danger for awful obligations. 

Q3) Where is reporting found for SAP FSCM?

Ans: In this methodology, the revealing ought to be considered in the underlying stage as it can help the association in inferring the outcomes, which are a long ways past their creative mind. This is because wasting time due to the inconsistency of the evaded over the long haul, and the clients are allowed to ensure results that can be trusted for the since quite a while ago run.

Q4) Explain the implements of SAP FSCM?

Ans: A business can't include into any arrangement except if they comprehend the full capacity of a framework, else they are over-dependent on the execution accomplice to settle on choices for them. Because of this, they are running business workshops on a proof of idea inside the client's scene empowers the client to settle on choices with a superior comprehension. Thus this will diminish the resulting stages including, manufacture, test and preparing.

Q5) What is meant by SAP FSCM Credit Management?

Ans: The straightforward answer here is no if you have Enhancement Package 5. Anyway, you have to actualize WS-RM to supplant the activity PI does. In the event that you have a PI worker, it doesn't bode well to take a gander at the WS-RM alternative. On the off chance that you don't have PI and need Credit Management, it merits thinking about WS-RM (on the off chance that you have Enhancement Pack 5). To be reasonable, this is a more significant amount of innovation for your BASIS group to choose the scene approach they intend to receive.

Q6) What are the advantages that an organization can have through effective FSCM?

Ans: Indeed, it is fundamentally a methodology that is extremely basic for any business to consider right now. This is on the grounds that it brings various advantages for everyone. The individuals who let it all out can basically ensure countless advantages, some of which are recorded underneath: 

  • Monetary Chain Supply Management essentially ensure that the accessibility of fund at the opportune time 

  • Better client relationship the executives can likewise be guaranteed 

  • Ideal conveyance of items to the sellers and to the clients 

  • A nearby eye can be kept on the creation, just as on the stock accessibility 

  • The clients can ensure no misfortune happen because of any minor monetary issues 

  • It is likewise workable for the clients to ensure ordering the items effectively when one needs to manage a huge number of items.

Q7) What version of SAP to be on FSCM?

Ans: On the off chance that you are utilizing SAP ERP 6, at that point, the centre cycles and usefulness can be gotten to. In any case, it ought not to be ignored that new usefulness has been delivered in the most recent Enhancement Packages. A few clients can see the advantage of actualizing SAP FSCM promptly and will work with their current Enhancement Package form. Others will perceive a portion of the new usefulness and hold up until their ERP framework is on the applicable Enhancement Package.

Q8) How to design a global template for SAP Financial Supply Chain Management?

Ans: Before planning the cycles to help the Credit Collections group, the hierarchical units should be characterized. Assortments and Credit Management have separate authoritative units to speak to the different levels inside a Company. Where measures are to be normal, authoritative units can be shared, and where contrasts are required remarkable qualities are required. Breaking out the full execution into small pieces empowers the answer to be turned out and empowering fast successes.

Q9) What are the things that one would pay attention to while handling customer related financial functions?

Ans: There are certain things that generally matter. The main thing is to ensure how to offer the item to the client without offering any markdown. Next is to focus on the exchange history of the client to comprehend the decision and inclinations as it would be a valuable methodology. It is additionally critical to give close consideration to the danger evaluation of the client.

Q10) What do you mean by the term “Y” in the product flow?

Ans: It is fundamentally a graphical or an appropriate portrayal of the apparent multitude of stages which are identified with the improvement of an item and how it is prepared further to the merchants or to the clients. It is really one of the prime points of the monetary gracefully tied the board way to deal with upgrading this procedure and a large portion of the clients give extraordinary consideration to this.

Q11) What are the advantages than an organization can have with In-house Cash?

Ans: Following are the advantages that an organization can have with In-house Cash:

  • Controlling the general number of financial balances necessity 

  • Tax exploits

  • Fast instalments of outside exchanges (yet dangers may be included)

Q12) How would you deal with the underpayments from customers in FSCM?

Ans: We will create a dispute case for underpayments, through that we will handle the customers of FSCM. 

Q13) Tell us any one of the important components in Financial Supply Chain Management?

Ans: Cash Flow Facility Structure is one of the key components in Financial Supply Chain Management. 

Q14) Explain about the major factors that can impact the financial progress of an organization and how FSCM will help to improve it?

Ans: Financial Progress in a consistent way which is a difficult task for the business. There are some of the major factors that can directly affect the equivalent. Following are some of the significant factors: 

  • Unexpected abdication of skilled representatives are dealing with major Financial duties 

  • Postponements occur due to improper dealing of financial responsibilities.  

  • Moving of departments and their heads 

  • Deferrals in the administrations influencing the creation and the client relations 

  • Sudden costs show up because of issues, for example, quality or the cases forced by the clients 

SAP Financial Supply Chain Management apparatus is incredible in inferring a great deal of data pretty much all above issues, and with the assistance of the equivalent, the concerned moves can undoubtedly be made by the associations to keep up the movement basically.

Q15) Explain the term “Disputes”?

Ans: It is basically a circumstance when a client, seller, retailer, provider, a distributor or anybody managing an association neglects to acknowledge the arrangements of the organization. The question can be because of the mix-up or an association or some other gathering. By and large, most debates show up because of the variables which are connected with the budgetary exchanges.

Q16) Can FSCM have a direct impact on the portability and the expenses of an organization?

Ans: Truly, it directly affects both of these modules, which are significant in such a business. With viable administration of the financial supply chain, the clients can fundamentally chop down the costs, which does not make any difference anymore and can watch out for the progression of costs. By chopping down the costs, clearly, productivity can be guaranteed without a doubt.

Q17) Explain the term “Credit Collection”?

Ans: Basically, it is a strategy of the organization to gather the forthcoming sum from the merchants, wholesalers, retailers or from the clients in a particular time period. This is predominantly to dodge any tendency and to ensure that better client connections can be guaranteed.

Q18) How to implement the SAP FSCM Project, and what are the pros and cons that are associated with it?

Ans: Execution of such a venture is an errand that requires disengagement at each stage. This is on the grounds that the cycles are a lot of not quite the same as each other, and the clients can isolate them according to their need. The greatest thing about this innovation is over 80% of the undertakings identified with implantation is pre-planned. Rest should be possible through the correct programming execution.

Q19) What are the benefits that the treasury and the risk management can bring for an organization dealing with finance?

Ans: It just lets the associations ensure dealing with the instalments, liquidity, money related announcements just as joining of realities in a solid way.

Q20) Explain about customer credit management?

Ans: It is essentially an arrangement or a procedure with the assistance of which assessment is finished by an association on the reliability of a client dependent on the information to assume praise choices that can influence the association and the client. It isn't generally fundamental that a similar credit the executive's approach works for all the clients.

Q21) What SKU stands for?

Ans: Stock Keeping Unit is a strategy which gives information about a particular financial aspect.

Q22) Tell us about the important tasks in Collection Management?

Ans: There are certain functions that to a great extent, matters and the beneficial thing is the clients are allowed to keep up the movement in the correct way. There isn't generally a requirement for the clients to complete the things through a methodology that consistently upholds the receivables of the executives. Following are the incorporates: 

  • Assessment of the records 

  • Improving or checking the record 

  • Receivables processing

Q23) Can a finance supply chain management be based on different networks always?

Ans: Not always, but in most of the cases it is based on different networks and tools

Q24) What according to you, is the prime objective of the SAP Financial Supply Chain Management?

Ans: To make the entire inventory readily available and achieve efficiencies

Q25) What is Logistics in the FSCM?

Ans: It is nothing but the movement of finance at the desired destinations

Q26) What BPI term stands for?

Ans: The term BPI stands for Business Process Integration. 

Q27) What is meant by Finance Replenishment?

Ans: Basically, it is a particular level of finance when it goes down because of the reasons, for example, crisis needs and speculations. Each association needs to maintain financial stock.

Q28) What improvements can you have through a financial supply chain management tool in the organization?

Ans: The general permeability of the financial stream can undoubtedly be extended with the assistance of this methodology and it has just been demonstrated by the associations who have just received the equivalent. The clients can undoubtedly perceive the occasions that greatly affect the working capital and can improve the equivalent. Likewise, a large amount of data can determine with the assistance of which the clients are allowed to improve the estimating strategy, rebate giving, terms influencing and dealing with the instalments, stock related factors just as the monetary examination can be instantly enhanced.

Q29) According to you, what is the purpose of Biller Direct in SAP FSCM?

Ans: Basically, it is a methodology with the assistance of which the dealers or the associations can legitimately or effectively send bills to the concerned gatherings through an electronic methodology. This causes them to make the instalments online without stressing over anything.

Q30) What are the elements of an effective supply chain management system in SAP FSCM?

Ans: Following are the elements of an effective supply chain management system in SAP FSCM: 

  • The initial one is the accessibility of assets and a compelling application through which the things should be possible in the right way. 

  •  Next large thing is transportation. No merchandise can be conveyed to the clients or to the concerned gatherings on time without an appropriately oversee framework. 

  • The general accessibility of merchandise and the creation time needed to fulfil a need can likewise, to a great extent, influence the graceful chain the board framework. 

  • The best possible correspondence ought to likewise be there among the sellers and associations, clients and associations and different gatherings. 

  • Likewise, it is fundamental for the association to ensure a powerful charging framework for the equivalent. 

  • The item scanner tags can likewise assume a critical function in making this methodology more valuable and dependable.

Q31) What is meant by Transaction Manager?

Ans: A core task in many account departments is finishing up financial exchanges. Contingent upon the organization strategy, the accentuation can either be on offering interior assistance for the partnered bunch organizations, or partaking effectively in the monetary business sectors so as to contribute fluid resources, account arranged venture, or support existing dangers. 

The Transaction Manager gives the instruments to preparing the related monetary exchanges, from bargain catch through to moving the pertinent information to Financial Accounting. The framework upholds both conventional depository offices that pay attention to exchanging just as resource the board divisions. This empowers you to utilize similar stages for different sorts of exchange - from momentary funds to longer-term key speculations.

Q32) What is meant by market Risk Analyzer?

Ans: The traditional management task includes cash management and liquidity confirmation, powerful market hazard the executives is an unequivocal factor in making sure about your organization's serious position. In this field, the Market Risk Analyzer offers broad position assessments, for example, mark-to-showcase valuations of monetary exchanges. It likewise incorporates instruments for computing danger and returns figures, including introduction, future qualities, sensitivities and incentive in danger.

At the point when you run these reports, you can join both contracted positions and invent financial exchanges in the calculations. The valuations can be founded on both genuine and recreated market costs. Along with a serious extent of adaptability for making reports, the Market Risk Analyzer gives a dependable assessment premise to advertise hazard controlling.

Q33) What is meant by Credit Risk Analyzer?

Ans: The Credit Risk Analyzer centres around estimating, examining and controlling counterparty default hazard. The principal stage expects to cover the particular dangers related to monetary exchanges in an organization. The Credit Risk Analyzer empowers you to control hazards effectively by setting limits. This is upheld by adaptable breaking point the executive's capacities with internet observing, just as broad detailing alternatives. Thus, chiefs are in a situation to acknowledge hazards as they happen and act appropriately.

Q34) What is meant by Protofile Analyzer?

Ans: Given that the assets accessible for the venture are typically restricted, and that there are various speculation alternatives to look over, the critical inquiry for speculation strategy choices is the means by which well the speculations have really performed. The financial accomplishment of a venture is subsequently a basic factor with regards to settling on speculation strategy choices. The Portfolio Analyzer is intended to give the responses to this inquiry.

It gauges the specific profit for ventures, thinks about the outcomes to recommended targets, and separates the general presentation into its segment parts by ascribing the individual portfolio positions to the complete outcome. The reason for these assessments is the portfolio structure, which lets you bunch speculations into various classes. You can run assessments for portfolios at various levels in the portfolio order, or for an advantage class over a few portfolios.

Q35) What are the general transaction codes for TR modules?

Ans: Following are the general transaction codes for TR modules:

  • FV11 Create condition

  • FV12 Change condition

  • FLQAD Assignment for invoices

  • TBDM Market Data File Interface INPUT

  • FLQC10 Regenerate flow data

  • TBEX Spreadsheet of market data

  • FV13 Display condition

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