SCM 460 EXAM 1 STUDY GUIDE
QUESTIONS WITH CORRECT
ANSWERS
Once ppthe ppgoods pphave ppbeen ppreceived ppinto ppstock ppand ppthe ppproper ppquantity
ppis ppvisible ppwithin ppa ppcompany's ppERP ppsystem, ppwhat ppis ppthe ppnext ppstep?
pp-The pppurchase pporder ppis ppclosed pp
pp-The pppurchase pporder ppis ppdeleted pp
pp-The pppurchase pporder ppis ppreused pp
pp-None ppof ppthe ppAbove pp- ppAnswer ppThe pppurchase pporder ppis ppclosed
The ppactual ppcontract ppbetween ppthe ppbuyer ppand ppthe ppseller ppis ppknown ppas
ppwhat?
pp-Request ppfor ppquote pp
pp-Purchase pprequisition pp
pp-Invoice pp
pp-Sales pporder pp
pp-None ppof ppthe ppAbove pp- ppAnswer ppNone ppof ppthe ppAbove
Once ppa pppurchase pprequisition ppis ppvisible ppto ppthe ppbuyer ppthere ppare ppa ppfew
ppsteps ppthat ppare pptaken ppbefore ppthe ppseller ppgets ppinvolved. ppArrange ppthe
ppfollowing ppsteps ppin ppthe pporder ppthe ppbuyer ppwould ppfollow. pp- ppAnswer pp1.
ppReview ppthe pprequisition
2. ppFind ppa ppqualified ppvendor
3. ppNegotiate ppprice
4. ppCreate ppthe pppurchase pporder
If ppyou ppare ppa ppbicycle ppmanufacturer, ppwhich ppof ppthe ppfollowing ppis ppdirect
ppmaterial pp(as ppopposed ppto ppindirect ppmaterial)?
pp-Handle ppbars pp
pp-Office ppcomputer pp
pp-Supplies pp(paper, pppens, ppetc.) pp
pp-Safety ppglasses pp- ppAnswer ppHandle ppbars
Which ppdocument ppis ppnot ppincluded ppas pppart ppof ppthe pppurchasing ppinvoice
ppverification pp(3-way ppmatch) ppprocess?
pp-Purchase ppOrder pp
pp-Purchase ppRequisition pp
pp-Receipt pp
, pp-Invoice pp- ppAnswer ppPurchase ppRequisition
Which ppof ppthe ppfollowing ppare ppdocuments ppthat ppare ppgenerated ppby ppthe ppbuyer?
pp-Invoice pp
pp-Purchase ppOrder pp
pp-Bill ppof ppLading pp
pp-Receiving ppReport pp
pp-Sales ppOrder pp- ppAnswer pp-Purchase ppOrder
-Receiving ppReport pp
The ppinvoice, ppbill ppof pplading, ppand ppsales pporder ppare ppall ppseller-generated
ppdocuments.
Which ppof ppthe ppfollowing ppitems ppare ppnot ppchecked ppduring ppthe pp3-way ppmatch?
pp-Part ppNumber pp
pp-Date ppOrdered pp
pp-Quantity pp
pp-Price pp- ppAnswer ppDate ppOrdered
Place ppin pporder ppthe ppfollowing ppdocuments/processes ppas ppthey ppflow ppthrough
ppthe ppbuyer ppand ppseller ppinteraction. pp- ppAnswer pp1. ppPurchase pprequisition
2. ppPurchase pporder
3. ppSales pporder
4. ppERP ppprocessing
5. ppBill ppof pplanding
6. ppReceiving ppreport
When ppa ppbuyer ppsends ppa pppurchase pporder pp(PO) ppout ppto ppa ppvendor, ppthe
ppvendor ppwill ppturn pparound ppand ppenter ppthat ppPO ppinto pptheir ppsystem ppas ppwhich
ppof ppthe ppfollowing?
pp-Purchase ppOrder pp
pp-Purchase ppRequisition pp
pp-Invoice pp
pp-Sales ppOrder pp
pp-Bill ppof ppLading pp- ppAnswer ppSales ppOrder
A ppvendor ppdelivers ppgoods ppand ppthen ppsends ppan ppinvoice ppfor pppayment. ppWhen
ppthe ppinvoice ppis ppreceived ppby ppthe ppbuying ppcompany, ppit ppwill ppthen ppbe
ppprocessed ppby ppwhich ppaccounting ppdepartment?
pp-Accounts pppayable pp
pp-Accounts ppreceivable pp- ppAnswer ppAccounts pppayable
Performance ppof ppthe ppsupply ppmanagement ppfunction ppcan ppbe ppviewed ppin pptwo
ppcontexts:
QUESTIONS WITH CORRECT
ANSWERS
Once ppthe ppgoods pphave ppbeen ppreceived ppinto ppstock ppand ppthe ppproper ppquantity
ppis ppvisible ppwithin ppa ppcompany's ppERP ppsystem, ppwhat ppis ppthe ppnext ppstep?
pp-The pppurchase pporder ppis ppclosed pp
pp-The pppurchase pporder ppis ppdeleted pp
pp-The pppurchase pporder ppis ppreused pp
pp-None ppof ppthe ppAbove pp- ppAnswer ppThe pppurchase pporder ppis ppclosed
The ppactual ppcontract ppbetween ppthe ppbuyer ppand ppthe ppseller ppis ppknown ppas
ppwhat?
pp-Request ppfor ppquote pp
pp-Purchase pprequisition pp
pp-Invoice pp
pp-Sales pporder pp
pp-None ppof ppthe ppAbove pp- ppAnswer ppNone ppof ppthe ppAbove
Once ppa pppurchase pprequisition ppis ppvisible ppto ppthe ppbuyer ppthere ppare ppa ppfew
ppsteps ppthat ppare pptaken ppbefore ppthe ppseller ppgets ppinvolved. ppArrange ppthe
ppfollowing ppsteps ppin ppthe pporder ppthe ppbuyer ppwould ppfollow. pp- ppAnswer pp1.
ppReview ppthe pprequisition
2. ppFind ppa ppqualified ppvendor
3. ppNegotiate ppprice
4. ppCreate ppthe pppurchase pporder
If ppyou ppare ppa ppbicycle ppmanufacturer, ppwhich ppof ppthe ppfollowing ppis ppdirect
ppmaterial pp(as ppopposed ppto ppindirect ppmaterial)?
pp-Handle ppbars pp
pp-Office ppcomputer pp
pp-Supplies pp(paper, pppens, ppetc.) pp
pp-Safety ppglasses pp- ppAnswer ppHandle ppbars
Which ppdocument ppis ppnot ppincluded ppas pppart ppof ppthe pppurchasing ppinvoice
ppverification pp(3-way ppmatch) ppprocess?
pp-Purchase ppOrder pp
pp-Purchase ppRequisition pp
pp-Receipt pp
, pp-Invoice pp- ppAnswer ppPurchase ppRequisition
Which ppof ppthe ppfollowing ppare ppdocuments ppthat ppare ppgenerated ppby ppthe ppbuyer?
pp-Invoice pp
pp-Purchase ppOrder pp
pp-Bill ppof ppLading pp
pp-Receiving ppReport pp
pp-Sales ppOrder pp- ppAnswer pp-Purchase ppOrder
-Receiving ppReport pp
The ppinvoice, ppbill ppof pplading, ppand ppsales pporder ppare ppall ppseller-generated
ppdocuments.
Which ppof ppthe ppfollowing ppitems ppare ppnot ppchecked ppduring ppthe pp3-way ppmatch?
pp-Part ppNumber pp
pp-Date ppOrdered pp
pp-Quantity pp
pp-Price pp- ppAnswer ppDate ppOrdered
Place ppin pporder ppthe ppfollowing ppdocuments/processes ppas ppthey ppflow ppthrough
ppthe ppbuyer ppand ppseller ppinteraction. pp- ppAnswer pp1. ppPurchase pprequisition
2. ppPurchase pporder
3. ppSales pporder
4. ppERP ppprocessing
5. ppBill ppof pplanding
6. ppReceiving ppreport
When ppa ppbuyer ppsends ppa pppurchase pporder pp(PO) ppout ppto ppa ppvendor, ppthe
ppvendor ppwill ppturn pparound ppand ppenter ppthat ppPO ppinto pptheir ppsystem ppas ppwhich
ppof ppthe ppfollowing?
pp-Purchase ppOrder pp
pp-Purchase ppRequisition pp
pp-Invoice pp
pp-Sales ppOrder pp
pp-Bill ppof ppLading pp- ppAnswer ppSales ppOrder
A ppvendor ppdelivers ppgoods ppand ppthen ppsends ppan ppinvoice ppfor pppayment. ppWhen
ppthe ppinvoice ppis ppreceived ppby ppthe ppbuying ppcompany, ppit ppwill ppthen ppbe
ppprocessed ppby ppwhich ppaccounting ppdepartment?
pp-Accounts pppayable pp
pp-Accounts ppreceivable pp- ppAnswer ppAccounts pppayable
Performance ppof ppthe ppsupply ppmanagement ppfunction ppcan ppbe ppviewed ppin pptwo
ppcontexts:
