ERP Fundamentals Exam 2 Questions and Answers 100% Pass

©FYNDLAY 2025 ALL RIGHTS RESERVED




ERP Fundamentals Exam 2 Questions and
Answers 100% Pass



Basic procurement process - ANS 1) Create Purchase Requisition (warehouse)


2) Create and send purchase order (purchasing)


3) receive materials (warehouse)


4) Receive invoice (accounting)


5) send payment (accounting)


Procurement Organizational Data - ANS -client
-company code
-plant
-storage location
-purchasing organization
-purchasing group


Plant - ANS a location (factory, warehouse, distribution center)


Storage location - ANS a place within a plant where materials are stored


©FYNDLAY 1

, ©FYNDLAY 2025 ALL RIGHTS RESERVED




Purchasing organization - ANS -Identifies and selects vendors


-negotiate general conditions of purchase and contracts for one or more plants or companies


-determine pricing conditions


Purchasing group - ANS A buyer or group of buyers responsible for certain materials or
groups of materials


Procurement Master data - ANS -material master
-vendor master
-purchasing info record
-conditions


Material master - ANS data needed to execute transactions related to materials (along with
org data)


Vendor master - ANS -data needed to do business with vendors


-data needed to execute transactions related to vendors (along with org. data)


Conditions - ANS -pricing conditions (gross price, discounts and surcharges, freight/shipping)


-obtained from purchasing info records, contracts and agreements, other sources


Key concepts - ANS -item categories
-account determination
-stock type/status
©FYNDLAY 2