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We're here to help you find itThe TS452 - Sourcing and Procurement in SAP S/4HANA - Academy Part II course is an advanced training program that delves into the various aspects of procurement and inventory management within the SAP S/4HANA environment. Learners will gain in-depth knowledge about Goods movements, including Goods receipts, Stock transfers, and Goods issues, as well as the management of Reservations and special forms of procurement such as subcontracting and vendor consignment.
The course also covers Physical inventory processes, Analyses in Inventory Management, and the necessary customizing settings for both inventory management and supplier master data. Additionally, participants will learn about Invoice entry, managing variances, invoice blocks, subsequent debits/credits, delivery costs, and credit memos. The crucial task of GR/IR account maintenance is also included, alongside modules on customizing for material master data, Automatic account determination, and special features of Material valuation. A practical case study is provided to solidify the concepts learned.
By completing this course, learners will be equipped with the skills to efficiently manage sourcing and procurement activities, optimize inventory levels, and ensure accurate financial postings in SAP S/4HANA, which are essential for the effective operation of supply chain and procurement functions within organizations.
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♱ Excluding VAT/GST
Classroom Training price is on request
You can request classroom training in any city on any date by Requesting More Information
To ensure that participants can successfully engage with the TS452 - Sourcing and Procurement in SAP S/4HANA - Academy Part II course and fully benefit from its curriculum, the following are the minimum required prerequisites:
These prerequisites are intended to provide a foundation that will help learners grasp the more advanced concepts and customizing activities presented in the TS452 course. If you have gaps in any of these areas, we recommend addressing them with introductory courses or self-study to maximize your learning experience in this training.
The TS452 course delves into advanced procurement and inventory management in SAP S/4HANA, targeting experienced supply chain professionals.
The TS452 - Sourcing and Procurement in SAP S/4HANA - Academy Part II course deepens your understanding of advanced procurement processes and customizing in SAP S/4HANA, enhancing your skills in inventory and supplier management.
Physical inventory is a process where businesses count their actual stock to verify the records in their inventory management system. By aligning actual stock with recorded data, companies can correct discrepancies, update financial records, and ensure data accuracy. Utilizing systems like SAP S4 HANA, which offers specialized training and certification paths including s4 hana procurement certification and sap sourcing and procurement training, enhances the efficiency and accuracy of the physical inventory process. These platforms provide robust tools and methodologies for managing and reconciling physical stock in various business scenarios.
Goods movements in the context of SAP S/4HANA refer to the processes involving the physical movement of goods within and between different areas of a business. This includes the receipt, transfer, and issue of goods, crucial for inventory management and supply chain operations. Proper training and certification, such as SAP S/4 HANA training or S/4 HANA procurement certification, can enhance understanding and efficiency in managing these movements. Programs like SAP sourcing and procurement training specifically focus on optimizing these processes by utilizing SAP's advanced features to streamline operations and improve accuracy in inventory and warehouse management.
Goods receipts in a business context refer to the formal process of receiving and checking products or materials that an organization purchases from suppliers. This process involves documenting the details of the received goods, verifying their quantity and quality, and ensuring they match the purchase orders. In systems like SAP S/4 HANA, which often includes procurement certification and training modules, this process is managed digitally, allowing for real-time data access and integration across the business. Proper management of goods receipts ensures accuracy in inventory and finance records, crucial for efficient procurement and supply chain operations.
In the context of SAP S/4 HANA, a Goods Issue refers to the process of reducing inventory and recognizing expense when a physical item is delivered from a company to another destination. It commonly occurs in sales, production, or procurement scenarios, addressing outgoing goods and the resulting adjustments in inventory levels. This process is integral to efficient supply chain and inventory management, ensuring accurate data flow and financial accounting in real-time business operations. Proper training, such as SAP S/4 HANA training or S/4 HANA procurement certification, is crucial for professionals to handle these tasks effectively in the SAP system.
Reservations in the context of procurement, particularly within SAP S4 HANA, refer to the process of setting aside a portion of inventory or budget to meet future requirements. This function is crucial for managing materials in a streamlined manner and ensuring that adequate resources are available for essential operations. Users often engage in sap s4 hana training or participate in s4 hana procurement certification to adeptly manage these processes. Through hana procurement training or sap sourcing and procurement training, professionals gain a comprehensive understanding of how to efficiently handle reservations, benefiting overall business operations and resource planning.
Inventory management analysis involves evaluating stock levels, demand forecasts, and supply chain operations to optimize the stock needed for business operations without overstocking. It uses data to predict inventory needs, minimizing costs while ensuring product availability. Techniques include safety stock calculations, reorder points, and economic order quantity. Proper inventory analysis helps improve cash flow and reduce holding costs, integral for efficient operations, especially crucial when training in systems like SAP S4 HANA, which enhances insights and decision-making in procurement and sourcing processes.
Invoice entry in a professional context involves the process of recording and managing bills within a financial system. In environments using SAP S/4HANA, this incorporates leveraging specific SAP S/4HANA training or SAP S/4 HANA certification knowledge to ensure efficiency and accuracy. Professionals may engage in s4 hana procurement certification or hana procurement training to better handle purchasing and payments. Mastery of SAP sourcing and procurement training is also crucial, as it equips individuals with the skills to manage and integrate procurement data seamlessly within the SAP S/4HANA environment, optimizing both financial operations and vendor relations.
GR/IR (Goods Receipt/Invoice Receipt) account maintenance in SAP S/4 HANA involves the reconciliation of goods received and invoices received to ensure accurate financial records. When goods are received, the GR account is debited, and when the invoice is received matching those goods, the IR account is credited. Any discrepancies between these accounts highlight issues like over or under-delivery or incorrect invoicing. Managing GR/IR accounts efficiently is crucial in S/4 HANA procurement processes to maintain financial accuracy and to support effective accounts payable operations. Proper training, such as SAP S/4 HANA training or S/4 HANA procurement certification, is essential for mastering this process.
Automatic account determination in SAP S/4 HANA is a process that automatically maps financial transactions to the correct general ledger accounts. When you perform transactions in areas like procurement or sales, the system uses predefined rules to determine which accounts are affected and ensures all entries are recorded accurately in the financials. Proper training, such as SAP S/4 HANA training or SAP sourcing and procurement training, enhances understanding and efficiency in managing these automatic postings, crucial for real-time financial reporting and compliance. This feature streamlines operations by reducing manual entry errors and improving financial accuracy.
Material valuation is the process used within the SAP S4 HANA system to assess the value of the materials that a company holds in its inventory. It is crucial for maintaining accurate financial records and ensuring cost-effectiveness in procurement and supply chain operations. Accurate material valuation helps determine the cost of goods sold and influences financial statements directly. It supports various valuation methods such as standard costing, moving average price, or FIFO, depending on the company’s chosen accounting policies and business needs. Understanding and managing this correctly is essential for efficient procurement strategy and inventory management.
Stock transfers in the context of supply chain management refer to the process of moving inventory from one location to another within the same company. This can involve transferring goods between warehouses, stores, or production facilities. Efficient stock transfers are crucial for maintaining inventory balance, meeting demand, and optimizing storage costs. Tools like SAP S4 HANA, with its advanced sourcing and procurement functionalities, facilitate these processes by providing real-time data and analytics, ensuring efficient management and execution of stock transfers across diverse geographical locations.
The TS452 course delves into advanced procurement and inventory management in SAP S/4HANA, targeting experienced supply chain professionals.
The TS452 - Sourcing and Procurement in SAP S/4HANA - Academy Part II course deepens your understanding of advanced procurement processes and customizing in SAP S/4HANA, enhancing your skills in inventory and supplier management.
