ERP OVERVIEW (MISY 5340)- CH
1 , 2, 4, 5
financial accounting data - ANSWERS-master data from material
master including valuation currency, valuation class, price control
goods issue - ANSWERS-goods movement type generated when
materials are removed from storage, in which case inventory is
reduced
goods movement - ANSWERS-a process step that results in change in
inventory
goods receipt - ANSWERS-goods movement type generated when
materials are received into storage, resulting in an inventory quantity
increase
goods receipt document - ANSWERS-material document generated as
a result of a goods receipt. will show plant and storage location where
materials were received as well as specific movement type
goods receipt processing time - ANSWERS-amount of time required
to receive materials from vendor and put them in storage.
includes unpacking, counting materials, inspecting then moving to
storage location
,in quality inspection - ANSWERS-material status in which the
material must go through a quality inspection before being released
for consumption
invoice verification - ANSWERS-review of invoice for accuracy
before authorizing payment to vendor
item catagories - ANSWERS-determines which process steps and data
is needed when a company purchases materials or services
material document - ANSWERS-records data related to goods
movement such as receipt of goods from vendor
movement types - ANSWERS-determines which category of
movement is being executed, what data must be provided during
movement and what general ledger accounts will be updated. Also
determines how stock quantity will be affected
outline purchase agreements - ANSWERS-longer-term agreements
between company and vendor regarding supply of material/services
within a specified period according to predefined terms and
conditions
packing list - ANSWERS-itemized list of all goods in shipment
plant-level purchasing organization - ANSWERS-aka plant specified
each plant has it's own purchasing organization
, price control - ANSWERS-method used to value materials
purchase order - ANSWERS-formal communication to a vendor that
represents a commitment to purchase indicated materials under the
stated terms
purchasing data - ANSWERS-includes variius terms relkated to the
determining of prices, creating and communicating POs, verifying
invoices, and other steps involved in executing purchases
purchasing group - ANSWERS-individual or group of individuals
who are responsible for purchasing activities for a material or group
of materials
purchasing info record - ANSWERS-intersection or a combination of
material and vendor data
purchasing organization - ANSWERS-unit within the enterprise that
performs strategic activities related to purchasing for 1 o more plants
services - ANSWERS-Actions or activities that one person performs
for another
source list - ANSWERS-a list of potential suppliers
1 , 2, 4, 5
financial accounting data - ANSWERS-master data from material
master including valuation currency, valuation class, price control
goods issue - ANSWERS-goods movement type generated when
materials are removed from storage, in which case inventory is
reduced
goods movement - ANSWERS-a process step that results in change in
inventory
goods receipt - ANSWERS-goods movement type generated when
materials are received into storage, resulting in an inventory quantity
increase
goods receipt document - ANSWERS-material document generated as
a result of a goods receipt. will show plant and storage location where
materials were received as well as specific movement type
goods receipt processing time - ANSWERS-amount of time required
to receive materials from vendor and put them in storage.
includes unpacking, counting materials, inspecting then moving to
storage location
,in quality inspection - ANSWERS-material status in which the
material must go through a quality inspection before being released
for consumption
invoice verification - ANSWERS-review of invoice for accuracy
before authorizing payment to vendor
item catagories - ANSWERS-determines which process steps and data
is needed when a company purchases materials or services
material document - ANSWERS-records data related to goods
movement such as receipt of goods from vendor
movement types - ANSWERS-determines which category of
movement is being executed, what data must be provided during
movement and what general ledger accounts will be updated. Also
determines how stock quantity will be affected
outline purchase agreements - ANSWERS-longer-term agreements
between company and vendor regarding supply of material/services
within a specified period according to predefined terms and
conditions
packing list - ANSWERS-itemized list of all goods in shipment
plant-level purchasing organization - ANSWERS-aka plant specified
each plant has it's own purchasing organization
, price control - ANSWERS-method used to value materials
purchase order - ANSWERS-formal communication to a vendor that
represents a commitment to purchase indicated materials under the
stated terms
purchasing data - ANSWERS-includes variius terms relkated to the
determining of prices, creating and communicating POs, verifying
invoices, and other steps involved in executing purchases
purchasing group - ANSWERS-individual or group of individuals
who are responsible for purchasing activities for a material or group
of materials
purchasing info record - ANSWERS-intersection or a combination of
material and vendor data
purchasing organization - ANSWERS-unit within the enterprise that
performs strategic activities related to purchasing for 1 o more plants
services - ANSWERS-Actions or activities that one person performs
for another
source list - ANSWERS-a list of potential suppliers
