Define each of the key terms listed below. These terms can be located in the rea

Question

Define each of the key terms listed below. These terms can be located in the reading material. Upload the completed document to Blackboard.

Business rules (Business rules are control limits that support the specific business processes the company has defined.)

Client (The customer)

CO (controlling)

Company code (the accounting software that allows the organization to identify the business)

Configuration (configure two master dates)

FI (Financial accounting)

Master data (the core data that is essential to operations in specific business or business unit)

ME (Manufacturing Execution)

MM (Procurement)

Organizational structure (Logical view of the enterprise Represents the legal, regulatory, and reporting Arranged in dependencies and relationships that represent how we operating and manage our business)

Plant (it is one of the key terms which use in SAP)

PP (Production Planning)

SAP (Designed for worldwide usage)

SD (Sales and Distribution)

Storage location (the area that you can save something on it)

Transactional data (the information that recorded from transactions)

Explanation / Answer

Business Rules

some basic guidelines and directive constraints that defines the activities of a business. business rules describes the true and false of each activity to get the target. these rules are self made depends upon the owner of the business. it can be changed in some adverse situations.

Client

client is the receiver of any product or services provided by the product or services provider. all the businesses are based on customers or clients as business established to earn profit. more will be the cliet list, more will be the profit marigin. client word can be used as purchaser, shopper, buyer, customer and consumer. the client can be the individual or a group of individuals.

CO

controlling is the business function which ensures that actual activities are going in the right way to achieve the planned activities. controlling is to monitor the activies to increase the effectiveness of the work.

company code

company code is a accounting software for which a complete self contained set of accounts can be created. it is a external accounting within SAP system. you can create independent company in the SAP system with one company code.

FI

Financial accounting is the process of recording, summarising and analysing the financial transactions of one organization to help the unit to calculate the accurate profit, financial position of the organization and the information to each and every one who are directly or indirectly attached to the organization for decisions.

Master data

Master data is the specific data required for the operation of any business unit. the data differs form business to business and company to company. it plays a vital role in the core operation of the business unit.

MM

Procurement is the process of acquiring the product or service as per the demand. it starts with the identifying the requirement and then processing the order to getting the product after payement. it is the planning to get with right specification at right time.

ME

it is a computerrised information system used in manufacturing to control the process from raw material to the finished product. by this system we acn control all the activities in the manufacturing floor.

Organizational structure

it is the outline designed to fix the roles and responsibilities of top level, middle level and lowe level management to achieve the targeted objective of the organization fixed in the mission and vision .

Plant

plant is an independent and physical unit or manufacturing unit or sales unit of an organization established in a particular place. it is responsible for planning .executing and distribution of goods and services to the customers under one company code.

PP

Production planning is the planning for production and manufacturing the products in a unit which considers the staffs, capacity, resources required, raw materials, machines, schedules etc to complete the production in time with minimum cost and risk.

SAP

SAP is the largest vendor of Enterprise resource planning software. it helps its customers in business processes like sales, production, human resource, marketing, financial etc. it helps in effective use of all resources of the organization.

SD

sales and distribution is the part of marketing process. sales is the process of exchange of goods and services for an amount of money where as distribution is the process of making available of products and services to the reach of customers.

Storage Location

it is the place where all the stocks are kept for use on demand. all the information about the stock is available in that storage location.

Transactional data

it is the information derived directly from the transactions for tghe use of time being. each transaction has some time limit, when time goes on the transaction data becoming less relevant

configuration

Arrangements of elements, figures or combination of these for proper layout.

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