Most commonly asked SAP IS Retail Interview Questions
If you want to gain in-depth knowledge on SAP IS Retail, enrol for SAP IS Retail Online Training and Certification Course from Multisoft Virtual Academy. However, if you have already done that and looking for a little help for cracking that interview. Help is here.
Below given are some of the most commonly asked SAP IS Retail Interview Questions:
1.What is SAP IS Retail?
The IS retail solution helps bring marketing, merchandise, supply chain and IT to provide competitive edge to a business. The retail solution provides a complete integration for all the divisions / business processes of a retail company, which is typically food and beverages, hard goods and fashion retailers. The solution is highly customizable to suit varied requirements.
2.What version of SAP IS Retail have you worked with?
SAP IS Retail has many different versions active in the market, 4.0, 4.7, and currently, more common new implementations are being done in ECC 5.0 and ECC 6.0.
3.What is MAP?
MAP stands for Merchandise and Assortments Planning
4.How do you maintain promotions in SAP IS Retail?
Promotions are maintained via a transaction called WAK1, the pricing conditions are created and transferred down to POS or other systems.
5.What is stored in the table WLK1?
Listing conditions are stored in the table WLK1. The important things apart from the listing that WLK1 contains are validity dates and module numbers.
6.What is a Markdown and what does SAP IS Retail provides in this regard?
Markdowns have phased down the reduction in prices, which may be due to seasonal pricing, vendor-sponsored price changes, effort to reduce inventory, etc. Basically, markdowns provide a strategy to reduce the price of a particular article in a phased-down manner, with equal or varying % of the price being reduced at regular intervals.
SAP IS Retail provides tools to manage this. It provides tools to plan a markdown, activate, and send the data down to the stores. It also provides various reports to see how the different markdowns are doing.
7.What are some of the features of the Markdown tool in SAP IS Retail?
Some of the key features are: Plan markdown items, quantities, and prices assign stores to use markdown rules and schedules to control which items are active at what prices during each phase. Slow-Seller Management tool automate markdown schedule based on inventory and timing; Pre-season or in-season planning and execution; Visibility to costs and key figures; Flexible ‘what-if’ simulations to achieve desired goals and margins miss maintenance – many items, multiple levels, concurrent users can work the same markdown plan analytics – create tailored reports to track KPIs, sell-through, and make adjustments, as needed integration to regular retail price management.
8.Can you configure the system to handle multiple currencies?
9.What is a change pointer?
Change pointers are a concept in SAP that allows the system to manage the changes happening to Master data, pricing, or in general anything data change. Different change pointers are created and they are used to transfer the changes down to other systems like BW, POS, eBusiness, Manugistics, etc.
10.How do you create an article in SAP IS Retail?
Using MM41 transaction
11.What is a stock transfer order?
A stock transfer order is a PO that triggers the transfer of stocks between sites/stores within the same company.
12.Is it required that the distribution center and stores involved in the STO are in the same company code?
13.Can we generate return deliveries from stock transfer orders in SAP MM?
Yes, we can generate return deliveries to the sending store in the STO
14.How is the physical goods issue posted when the merchandise is returned in SAP MM?
Physical goods issue is posted as negative goods receipt when merchandise is returned.
15.Can you have multiple vendors associated with a single PO in SAP MM in SAP IS Retail solution?
No, a single vendor can always be associated with the PO
16.What do you understand about space management in SAP IS Retail?
Space management deals with optimizing the positioning of an article on a shelf. Key figures are defined that determine how space will be managed, which is usually done based on sales data, revenue data, or the gross margin.
17.hat is a Pricing profile of an article?
The pricing profile controls whether the variant sales prices are the same or different to the sales price of the generic article.
18.What other tables are updated when the listing is created?
MARA, WLK2, MBEW, MAW1, MARC.
If you want to learn more about SAP IS Retail, enrol for SAP IS Retail Online Training and Certification Course from Multisoft Virtual Academy.
Why choose Multisoft Virtual Academy for SAP IS Retail Online Training and Certification Course?
Multisoft Virtual Academy has been in training industry for more than 2 decades and backed by a team of global subject matter experts from around the world. When you enroll for SAP IS Retail Online Training and Certification Course from Multisoft, you get the opportunity to learn from experienced industry experts and gain skills with hands-on experience from real-life projects and assignments. All the courses offered by Multisoft come with perks like lifetime access to e-learning material, recorded training session videos and after training support.
The courses are delivered in live instructor led, one-on-one and corporate training sessions, where after successful completion of the SAP IS Retail Online Training and Certification Course, aspirants receive a globally recognized training certificate to validate and showcase their learning and skills to employers across the world. What’s more? Multisoft after training support assists you to connect with potential employers and lucrative job opportunities in related areas, so that you can step up in the career ladder without delay.
SAP IS Retail Online Training and Certification Course is ideal for anyone from retail background and professionals working in SAP SD, MM & PP. This course imparts knowledge on all the key aspect and capabilities of SAP IS Retail platform, equipping participants with skills and knowledge to manage retail business operations efficiently.