What is a key organizational element in purchasing?
A plant is a key organizational element in purchasing d. A plant can be assigned to only one company code e. A plant must have at least one storage area Which of the following goods movements need not involve a physical movement of materials?
What are the four data types relevant to the purchasing process?
The four data types that are relevant to the purchasing process are material master, vendor master, purchasing info records, and conditions. All four types are integrated in various combinations throughout the procurement process. Explain the data in the vendor master that are relevant to the purchasing process.
What do the items identify in the procurement process?
The items identify the materials involved, quantities, location, and the movement type used. Briefly describe the steps in the procurement process explained in this chapter. What are some possible variations to this process?
What information is needed to complete goods issue to production?
Need an order number and system parameters. Once a production order is released, plant data collection (PDC) systems and goods issue to production can be executed. Shop floor papers can be executed. User input, production order, master data, and organizational data are needed to complete goods issue.
What are the stock type or statuses based on the usability of materials?
What are the stock types or statuses based on the usability of materials? Unrestricted use, in quality inspection, blocked stock, and stock in transit.
What are the four goods movement types briefly explain each?
Goods receipt- record the receipt of materials into storage, results in an increase in inventory. Goods issue- materials are removed from storage. Stock transfer- move goods from one location to another w/in the organization. Transfer posting- change a material's status/type.
Which of the following is used to implement multiple ledgers and use each ledger for different purposes quizlet?
The general ledger is used to record the financial impacts of business process steps. Parallel accounting consists of implementing multiple ledgers and using each ledger for different purposes.
What is true about a business area 3 correct answers?
What is true about a business area? 3 correct answers. It is associated with one company code. It is an internal division of an enterprise.
What are the different types of purchasing organizations?
Purchasing Organization Structure - Supply Chain OptimizationSmall Business. ... Centralized Purchasing. ... Decentralized Purchasing.
What are the different movement types in SAP?
Standard SAP Movement TypesMovement TypeDescriptionAccounting Effect101GR goods receiptS102Reversal of GRH122RE return to vendorH123RE rtrn vendor rev.S17 more rows•Dec 25, 2017
Which of the following are types of charts of accounts?
What Are the Different Types of Accounts in a Chart of Accounts (COA)?Chart of Accounts. Balance Sheet Type.Assets, Liabilities.Current Assets, Current Liabilities, Cash, Bank, etc.Income Statement Type.
Which of the following are types of ledgers?
The three types of ledgers are the general, debtors, and creditors.
Which of the following are materials acquired to be consumed or used within the organization?
Consumable materials are acquired to be used within an organization. When purchasing consumable materials, an account assignment category and specific account assignment objects must be provided when the purchase order is created.
Which of the following terms refers to an organizational element that performs multiple functions and is relevant to several processes?
Material master are organizational elements that performs multiple functions and is relevant to several processes.
Which of the following identify tasks that are scheduled to be completed in a process?
Work lists identify tasks that are scheduled to be completed in a process. CORRECT. A company code is the highest organizational level in SAP ERP. FALSE.
What does the COA data include?
A chart of accounts (COA) is an index of all the financial accounts in the general ledger of a company. In short, it is an organizational tool that provides a digestible breakdown of all the financial transactions that a company conducted during a specific accounting period, broken down into subcategories.
What are the organizational levels of procurement?
Organizational levels relevant to the procurement process include client, company code, and plant. A client represents an enterprise that is comprised of many companies or subsidiaries, each of which is represented by a company code. A plant is the location where the materials are received.
What is needed to complete goods issue?
User input, production order, master data, and organizational data are needed to complete goods issue. General ledger accounts, material master, and material reservations are updated. Costs associated with material consumption are calculated and added to production order. FI, CO, and material are created to record the consequences of this step.
What is a purchasing manager?
A purchasing manager receives many requisitions for the same materials & consolidates them into a single PO & sends order to one vendor, perhaps to take advantage of volume discounts. In this scenario multiple requisitions are combined into a single PO. Alternatively, a single requisition may include a number of different materials that must be purchased from different vendors. In this case, the purchasing manager creates a different PO for each vendor that includes the relevant materials.
What triggers the need to produce materials?
If the company has a make-to-order strategy, the receipt of a customer order will trigger the need to produce materials. The outcome of this step is a planned order.
What is a Goods Receipt?
1) Goods Receipt - From vendor or production process 2) Goods Issue - To sales order or internal consumption - Decrease in warehouse stock 3) Stock Transfer - Physical movement of material between storage locations (Sloc to Sloc, Plant to Plant, CC to CC) 4) Transfer Posting - Results in a change in material status. May or may not include a change in location
What happens after a production order is closed?
Closed. After the production order has been completed and settles, it is set to this status. Before this step can occur, the order must be in either released or technically completed status, and must be fully settled. After the order is closed, no further processing or financial postings are possible.
What is product routing?
The product routing specifies the sequence in which operations must be carried out, the work center where they are to be performed, and time needed to complete. Sequences are the order in which operations re performed. Can be standard, alternate, or parallel