OIM 452 EXAM 2 STUDY GUIDE
bulk shipments - Answers - bundle items to ship
cross-docking - Answers - receiving directly to shipping
dropshipping - Answers - directly transfer orders and shipment details to manufacturer
or wholesaler
ABC analysis - Answers - divide on-hand inventory based on 80-20 rule and prioritize
and manage groups separately and selectively
high value and small in number
small value and high in number
inventory and warehouse management - Answers - concerned with storage and
movement of materials within an organization
inventory management - goods management - Answers - goods receipt
goods issue
stock transfer
transfer posting
warehouse management - Answers - involves processes that enable companies to
manage materials more effectively using sophisticated techniques
goods receipt - Answers - movement of materials into inventory
results in an increase in inventory
occurs during procurement and production process
goods issue - Answers - reflects issuing of raw materials or semi-finished goods to a
production order
a decrease in inventory
fulfillment and production process
creates FI and CO documents
transfer posting - Answers - to change the status or type of materials in stock
four common stock statuses (transfer postings) - Answers - unrestricted use
in quality inspection
blocked
in transit
, stock transfers - Answers - moves between storage locations within one plant,
between plants in one company code, or between plants in different company codes
moves in a one or two step procedure, stock transport order
stock transport order - Answers - stock moves between locations within the same
corporate enterprise
makes sense to have this when expanding the business into a new geographical area
organizational data in warehouse management - Answers - warehouse is associated
with one or multiple combinations of plant and storage location
link between storage location and warehouse provides link between inventory and
warehouse management processes
storage section - Answers - bins group with similar characteristics (fast, slow, heavy,
light, small)
each storage type must have at least one storage section
picking area - Answers - - is a division of a storage area based on removing or picking
materials
- storage bins are grouped based on similar picking strategies
> specific employees who are authorized to pick from specific bins
> a delivery can be allocated to multiple picking areas to facilitate parallel picking
storage bins - Answers - - Smallest unit of space in a warehouse
- Can vary in size
- Unique address
- Can store different materials (quants)
storage bin master data general data - Answers - smallest addressable unit in
warehouse
-warehouse
-storage type
-storage bin #
rules for storage locations - Answers - -warehouse must be linked to at least one
storage location
-can be linked to storage locations across multiple plants
-can be linked to only one warehouse
-not all storage locations must be linked to a warehouse
warehouse divisions - Answers - -storage types (ex. shelf storage, pallet storage)
-storage section/picking area
-storage bin
bulk shipments - Answers - bundle items to ship
cross-docking - Answers - receiving directly to shipping
dropshipping - Answers - directly transfer orders and shipment details to manufacturer
or wholesaler
ABC analysis - Answers - divide on-hand inventory based on 80-20 rule and prioritize
and manage groups separately and selectively
high value and small in number
small value and high in number
inventory and warehouse management - Answers - concerned with storage and
movement of materials within an organization
inventory management - goods management - Answers - goods receipt
goods issue
stock transfer
transfer posting
warehouse management - Answers - involves processes that enable companies to
manage materials more effectively using sophisticated techniques
goods receipt - Answers - movement of materials into inventory
results in an increase in inventory
occurs during procurement and production process
goods issue - Answers - reflects issuing of raw materials or semi-finished goods to a
production order
a decrease in inventory
fulfillment and production process
creates FI and CO documents
transfer posting - Answers - to change the status or type of materials in stock
four common stock statuses (transfer postings) - Answers - unrestricted use
in quality inspection
blocked
in transit
, stock transfers - Answers - moves between storage locations within one plant,
between plants in one company code, or between plants in different company codes
moves in a one or two step procedure, stock transport order
stock transport order - Answers - stock moves between locations within the same
corporate enterprise
makes sense to have this when expanding the business into a new geographical area
organizational data in warehouse management - Answers - warehouse is associated
with one or multiple combinations of plant and storage location
link between storage location and warehouse provides link between inventory and
warehouse management processes
storage section - Answers - bins group with similar characteristics (fast, slow, heavy,
light, small)
each storage type must have at least one storage section
picking area - Answers - - is a division of a storage area based on removing or picking
materials
- storage bins are grouped based on similar picking strategies
> specific employees who are authorized to pick from specific bins
> a delivery can be allocated to multiple picking areas to facilitate parallel picking
storage bins - Answers - - Smallest unit of space in a warehouse
- Can vary in size
- Unique address
- Can store different materials (quants)
storage bin master data general data - Answers - smallest addressable unit in
warehouse
-warehouse
-storage type
-storage bin #
rules for storage locations - Answers - -warehouse must be linked to at least one
storage location
-can be linked to storage locations across multiple plants
-can be linked to only one warehouse
-not all storage locations must be linked to a warehouse
warehouse divisions - Answers - -storage types (ex. shelf storage, pallet storage)
-storage section/picking area
-storage bin
