AHA STUDY GUIDE #1 2018
1. M M I S: MATERIALS MANAGEMENT INFORMATION SYSTEM
REQUISITION: FORMAL REQUEST FROM END USER FOR
2.
STOCK PRODUCTS FROM STOREROOM, OR NON-STOCK
PRODUCTS FROM OUTSIDE OF THE ORGANIZATION
3.STOCK REQUISITION: Request from department for items carried in
organization store room or ware- house.
NON-STOCK REQUISITION: PREPARED BY A DEPARTMENT FOR
4.
PRODUCTS NOT STORED IN STORE- ROOM , REPETITIVELY
ORDERED NON-STOCK PLACED ON MASTER LIST
5.TRAVELING REQUISITION "TR": older version of a non-stock
requisition, hardcopy in house requisi- tion use for repeat nonstock items.
ELECTRONIC REQUISITION: REQUISITIONS CREATED ONLINE,
6.
ELECTRONICALLY-AND TRANSMITTED TO STOREROOM slash
VENDOR
7. WHERE DO YOU SET UP COMMONLY ORDERED
ITEMS?: M.m.i.s
8.PURCHASE ORDER: an otter to purchase a specific quantities of goods or
services at a specific price and leadtime
,9. BEST TYPE OF ORDER FOR PREDICTABLE STANDARD
ITEMS: STANDING ORDER
PROCUREMENT CARD: SIMILAR TO CREDIT CARD LINKED TO
10.
GENERAL LEDGER: ALLOWS FOR PURCHAS- ES WITHOUT REQ.or P.O
11. FREE ON BOARD: F O B
12. FREE ON BOARD "F o b": PAYMENT OF FREIGHT CHARGES FOR
GOODS, PRODUCTS AND EQUIPMENT
F o b DESTINATION: SUPPLIER RESPONSIBLE FOR TRANSPORT
13.
COST AND FILES CLAIM FOR DAMAGE INCURRED, BEST FOR facility
F O B SHIPPING POINT: TITLE OF GOODS PASSED TO FACILITY
14.
WHEN SHIPPING AGENT TAKES POSSES- SION, FACILITY
RESPONSIBLE for FREIGHT AND FILING DAMAGE CLAIM "BEST FOR
SUPPLIER"
F O B DESTINATION, PREPAY FREIGHT AND ADD:
15.
SUPPLIER PREPAYS FREIGHT ADDS TO FACILITY INVOICE.
SUPPLIER IS RESPONSIBLE for DAMAGE CLAIM * TITLE TRANSFERS AT
DOCK
F O B SHIPPING POINT, FREIGHT ALLOWED: TITLE PASSES TO
16.
FACILITY WHEN CARRIER PICKS UP. THE SUPPLIER REIMBURSES
FACILITY FOR COST OF SHIPPING
, VENDOR CONTROL: ENSURE VENDOR IS COMPLIANT WITH
17.
FACILITY'S COMPLIANCE POLICIES AND IS CREDENTIALED
CORRECTLY TO DO BUSINESS
PROCESS MANAGEMENT: CONTINUALLY MONITOR COST OF
18.
OPERATIONS INCLUDING THE COST OF ORDERING, USING AND
STORING SUPPLIES
19. INTERNAL RESOURCE: PURCHASING SERVES AS A RESOURCE TO
OTHER DEPT. ON BUDGET
, 20. VALUE ANALYSIS: PROVIDING COST AND ANALYTICAL SUPPORT
21. 4 STEPS OF PURCHASING: 1. REQUESITION PROCESSING
2. SOURCING
3. NEGOTIATING
4. ORDERING
STANDARD PAYMENT: NET 30: SUPPLIER RECEIVES PAYMENT IN
22.
30 DAYS OF INVOICE, IF LATE PENALTIES OCCUR
EXTENDED PAYMENT: NET 45 OR NET 60 DONE FOR SITES
23.
WITH CASH FLOW ISSUES (ITEM PRICES USUALLY HIGHER)
DISCOUNTED ITEMS: 2%, 10 DAYS, NET 30 THIS STATES A 2%
24.
REDUCTION IN COST IF PAID WITHIN 10 DAYS OF INVOICE
COLLECT ON DELIVERY "COD": ORDER Must BE PAID ON
25.
RECEIPT OF GOODS; USUALLY INCLUDES SHIPPING
PREPAY: PAYMENT MADE UPFRONT AND HELD BY SUPPLIER AND
26.
SUM DEDUCTED WITH ITEMS ORDERED; ITEM DISCOUNT IS USUALLY
PRESENT
27. LIABILITY: OBLIGATION BY LAW TO PROVIDE SAFE PRODUCTS TO
1. M M I S: MATERIALS MANAGEMENT INFORMATION SYSTEM
REQUISITION: FORMAL REQUEST FROM END USER FOR
2.
STOCK PRODUCTS FROM STOREROOM, OR NON-STOCK
PRODUCTS FROM OUTSIDE OF THE ORGANIZATION
3.STOCK REQUISITION: Request from department for items carried in
organization store room or ware- house.
NON-STOCK REQUISITION: PREPARED BY A DEPARTMENT FOR
4.
PRODUCTS NOT STORED IN STORE- ROOM , REPETITIVELY
ORDERED NON-STOCK PLACED ON MASTER LIST
5.TRAVELING REQUISITION "TR": older version of a non-stock
requisition, hardcopy in house requisi- tion use for repeat nonstock items.
ELECTRONIC REQUISITION: REQUISITIONS CREATED ONLINE,
6.
ELECTRONICALLY-AND TRANSMITTED TO STOREROOM slash
VENDOR
7. WHERE DO YOU SET UP COMMONLY ORDERED
ITEMS?: M.m.i.s
8.PURCHASE ORDER: an otter to purchase a specific quantities of goods or
services at a specific price and leadtime
,9. BEST TYPE OF ORDER FOR PREDICTABLE STANDARD
ITEMS: STANDING ORDER
PROCUREMENT CARD: SIMILAR TO CREDIT CARD LINKED TO
10.
GENERAL LEDGER: ALLOWS FOR PURCHAS- ES WITHOUT REQ.or P.O
11. FREE ON BOARD: F O B
12. FREE ON BOARD "F o b": PAYMENT OF FREIGHT CHARGES FOR
GOODS, PRODUCTS AND EQUIPMENT
F o b DESTINATION: SUPPLIER RESPONSIBLE FOR TRANSPORT
13.
COST AND FILES CLAIM FOR DAMAGE INCURRED, BEST FOR facility
F O B SHIPPING POINT: TITLE OF GOODS PASSED TO FACILITY
14.
WHEN SHIPPING AGENT TAKES POSSES- SION, FACILITY
RESPONSIBLE for FREIGHT AND FILING DAMAGE CLAIM "BEST FOR
SUPPLIER"
F O B DESTINATION, PREPAY FREIGHT AND ADD:
15.
SUPPLIER PREPAYS FREIGHT ADDS TO FACILITY INVOICE.
SUPPLIER IS RESPONSIBLE for DAMAGE CLAIM * TITLE TRANSFERS AT
DOCK
F O B SHIPPING POINT, FREIGHT ALLOWED: TITLE PASSES TO
16.
FACILITY WHEN CARRIER PICKS UP. THE SUPPLIER REIMBURSES
FACILITY FOR COST OF SHIPPING
, VENDOR CONTROL: ENSURE VENDOR IS COMPLIANT WITH
17.
FACILITY'S COMPLIANCE POLICIES AND IS CREDENTIALED
CORRECTLY TO DO BUSINESS
PROCESS MANAGEMENT: CONTINUALLY MONITOR COST OF
18.
OPERATIONS INCLUDING THE COST OF ORDERING, USING AND
STORING SUPPLIES
19. INTERNAL RESOURCE: PURCHASING SERVES AS A RESOURCE TO
OTHER DEPT. ON BUDGET
, 20. VALUE ANALYSIS: PROVIDING COST AND ANALYTICAL SUPPORT
21. 4 STEPS OF PURCHASING: 1. REQUESITION PROCESSING
2. SOURCING
3. NEGOTIATING
4. ORDERING
STANDARD PAYMENT: NET 30: SUPPLIER RECEIVES PAYMENT IN
22.
30 DAYS OF INVOICE, IF LATE PENALTIES OCCUR
EXTENDED PAYMENT: NET 45 OR NET 60 DONE FOR SITES
23.
WITH CASH FLOW ISSUES (ITEM PRICES USUALLY HIGHER)
DISCOUNTED ITEMS: 2%, 10 DAYS, NET 30 THIS STATES A 2%
24.
REDUCTION IN COST IF PAID WITHIN 10 DAYS OF INVOICE
COLLECT ON DELIVERY "COD": ORDER Must BE PAID ON
25.
RECEIPT OF GOODS; USUALLY INCLUDES SHIPPING
PREPAY: PAYMENT MADE UPFRONT AND HELD BY SUPPLIER AND
26.
SUM DEDUCTED WITH ITEMS ORDERED; ITEM DISCOUNT IS USUALLY
PRESENT
27. LIABILITY: OBLIGATION BY LAW TO PROVIDE SAFE PRODUCTS TO
