MGT 268 QUIZES
Spot the term that is NOT similar Customer Vendor Client Buyer
Buyer
Spot the term that is NOT similar Buyer Seller Supplier Vendor
Buyer
Who makes the Invoice document?
Supplier, Accounting dept
Who makes the Proforma Invoice?
Supplier, Accounting dept
What is an LC? This is a list of corrected items given by the supplier to the customer in cases where the PO had errors A bank document from the customer that allows the supplier to take payment directly from the bank based on proof of shipment This is the list of creditors prepared by the Accounting dept to make sure the customers pay on time This is the citation or penalty levied by the customer on the supplier for delayed delivery, as per terms of payment
A bank document from the customer that allows the supplier to take payment directly from the bank based on proof of shipment
What is a PR? A document from any internal dept that informs the purchasing dept about their need of products/ services, requesting a purchase A document from the customer requiring the suppliers to submit a proposal for a project A document made by the purchasing officer that lists the items they need to buy from the suppliers A document from the purchasing dept specifying the products/ services needed from a supplier in a proposal
A document from any internal dept that informs the purchasing dept about their need of products/ services, requesting a purchase
When could you expect an LOI?
Before a PO
When could you expect a DO? Before shipping Soon after the GRN Soon after the RFI Before the LC Immediately after the BG
Before shipping
Shari is creating a process flow diagram of her company's integrated business processes, after which of the following activities should she include a decision point? (2 correct answers) Create Sales Order Create Purchase Order Authorize Production Receive Shipment From Vendor
Create Purchase Order Receive Shipment From Vendor
Shari is creating a process flow diagram of her company's integrated business processes, after which of the following activities should she include a decision point?
Create Sales Order Authorize Production
Shari is creating a process flow diagram of her company's integrated business processes, after which of the following activities should she include a decision point?
Create Sales Order Create Purchase Order
Harry manages the warehouse and is delegating responsibilities to his employees on the show floor. Which of the following warehouse management steps are related to the procurement process?
Create transfer order Post goods issue
Harry manages the warehouse and is delegating responsibilities to his employees on the show floor. Which of the following warehouse management steps are related to the procurement process? (2 correct answers) Create transfer order Create transfer requirement Create invoice Post goods issue Create outbound delivery
Create transfer requirement Create invoice
Who makes the RFP?
Customer, Purchasing dept
Who makes the RFP? Remember: Every company buys raw material and sells finished products, so every company is a 'Customer' when buying and a 'Supplier' when selling. You need to spot the right role and the right department. Supplier, Sales dept Customer, any internal dept Supplier, Purchasing dept Customer, Sales dept Customer, Purchasing dept
Customer, Purchasing dept
Who makes the RFQ?
Customer, Purchasing dept
Who makes the Goods Receipt note? Remember: Every company buys raw material and sells finished products, so every company is a 'Customer' when buying and a 'Supplier' when selling. You need to spot the right role and the right department. Customer, Shipping dept Supplier, Purchasing dept Customer, Purchasing dept Supplier, Shipping dept
Customer, Shipping dept
In a manual, paper-based process, delays are caused due to which of the following? (2 correct answers) Reduced cycle times Creating paperwork Increased cycle times Sending paperwork Increased inventories
Increased cycle times Increased inventories
What is the purpose of a PO? It is a document from the customer to help create a formal agreement to purchase goods at specified terms and conditions. It is a formal document that specifies which Purchasing Officer will deal with the order from the customer. It is nothing but the customer's shopping list of products and services, given to the supplier so they can do the necessary supply. It orders the supplier to supply goods. The supplier has to obey this order as it is a legal document.
It is a document from the customer to help create a formal agreement to purchase goods at specified terms and conditions
What is an RFI?
It is a request to the supplier for more information about products/ services to help the customer decide what products/ services best fit their needs
What is a DI? This is the transporter telling the supplier about how they Intend to Deliver the goods, such as the transportation route and number of shipments It is the Shipping dept's instructions on how to delivery goods to the customer and includes transportation details such as the shipping route and number of shipments This is a shipping dept's master plan on how they intend to distribute the goods to the customers, including standard routes and number of shipments This is the information given by the customer on how the goods need to be shipped to them, including the shipping route and number of shipments preferred
It is the Shipping dept's instructions on how to delivery goods to the customer and includes transportation details such as the shipping route and number of shipments
What is an LOI? A bank document from the customer that allows the supplier to take payment directly from the bank based on proof of shipment A document from the customer requiring the suppliers to submit a proposal for a project This is a list of corrected items given by the supplier to the customer in cases where the PO had errors It is the written purchasing decision that informs a Supplier about the customer's intent to give them the PO in a few days
It is the written purchasing decision that informs a Supplier about the customer's intent to give them the PO in a few days
LOI stands for?
Letter of Intent
PR stands for?
Purchase Requisition
SO stands for?
Sales Order
In a manual, paper-based process, delays are caused due to which of the following?
Sending paperwork Creating paperwork
In a manual, paper-based process, delays are caused due to which of the following?
Sending paperwork Creating paperwork
Paul works in a company where its workers complete separate functional tasks in their own departments without regard to the consequences for the other components of the process or areas in the organization. Which of the following terms reflects this situation? Silo Effect Cross-Functional ERP Effect Enterprise Systems
Silo Effect
Who makes the DO?
Supplier, Accounting dept
Who makes the SO? Remember: Every company buys raw material and sells finished products, so every company is a 'Customer' when buying and a 'Supplier' when selling. You need to spot the right role and the right department. Supplier, Purchasing dept Customer, Purchasing dept Customer, Sales dept Supplier, Sales dept
Supplier, Sales dept
Who receives the PO?
Supplier, Sales dept
Who makes the DI?
Supplier, Shipping dept
Who makes the PL?
Supplier, Shipping dept
Who receives the SO?
Supplier, all internal depts
Cathy is explaining where integration occurs between their basic business processes. Which of the following statements about an integrated process are TRUE? (3 correct answers)
The fulfillment process continues when the finished products become available. The process is triggered by a customer order. The fulfillment process is suspended when the needed raw materials are not available.
Cathy is explaining where integration occurs between their basic business processes. Which of the following statements about an integrated process are TRUE? (3 correct answers) The production process is suspended when the needed raw materials are not available. The fulfillment process is suspended when the needed raw materials are not available. The production process continues when the finished products become available. The process is triggered by a customer order. The fulfillment process continues when the finished products become available.
The fulfillment process continues when the finished products become available. The process is triggered by a customer order. The fulfillment process is suspended when the needed raw materials are not available.
Cathy is explaining where integration occurs between their basic business processes. Which of the following statements about an integrated process are TRUE? (3 correct answers) The production process is suspended when the needed raw materials are not available. The fulfillment process is suspended when the needed raw materials are not available. The fulfillment process continues when the finished products become available. The process is triggered by a customer order. The production process continues when the finished products become available.
The process is triggered by a customer order. The production process continues when the finished products become available. The fulfillment process is suspended when the needed raw materials are not available.
Cathy is explaining where integration occurs between their basic business processes. Which of the following statements about an integrated process are TRUE?
The production process continues when the finished products become available. The fulfillment process is suspended when the needed raw materials are not available. The fulfillment process continues when the finished products become available.
Spot the term that is NOT similar Buyer Vendor Customer Client
Vendor
Cathy is explaining where integration occurs between their basic business processes. Which of the following statements about an integrated process are TRUE? (3 correct answers)
the production process is suspended when the needed raw materials are not available. The fulfillment process continues when the finished products become available. The process is triggered by a customer order.
