SAP Glossary

- J -

Job

A continuous chain of programs, using control commands.

- K -

None

- L -

LES

Logistics Execution System LIFO

Last in First Out is a valuation procedure according to which the stocks of a material that were last received are the first to be used or sold.

- M -

Matchcode

A tool for finding specific record Mainly used to find possible entries for an input field

MAP

Moving Average Price.

MM

Materials Management

MM SRV

Material Management External Services Management

MPS

Master Production Scheduling takes care of those parts or products which greatly influence company profits or which take up critical resources.

MRP

Material Requirements Planning takes into account and plan every future requirement during the creation of order proposals (independent requirements, dependent requirements etc).

MVP

Material’s Valuation Price. The standard price for a standard price material, the moving average price for a moving average price material.