Question 1

Define the term lead time.

Accepted Answer

The time required for a suppli

Question 2

What are the typical procurement objectives of an organization?

Accepted Answer

Many organizations have similar procurem

Question 3

The Supplier Relationship Management (SRM)process complicates the supply chain process.

Accepted Answer

A) True 
 B)False

Question 4

Before the advent of SAP,most large organizations typically consolidated data in a single database.

Accepted Answer

A) True 
 B)False

Question 5

How do large organizations select an ERP system and determine process objectives and measures?

Accepted Answer

Organizations begin by determining the s

Question 6

The structure of an industry can be determined by using Porter's five forces model.

Accepted Answer

A) True 
 B)False

Question 7

Human actors initiate the purchasing request in an SAP system.

Accepted Answer

A) True 
 B)False

Question 8

Describe the following:
(1)Supplier Relationship Management
(2)Returns Management
(3)Supplier Evaluation

Accepted Answer

The Supplier Relationship Management (SR

Question 9

A three-way check must be performed in a procurement process before posting an outgoing payment to a vendor.

Accepted Answer

A) True 
 B)False

Question 10

The returns management process in a supply chain manages ________.

Accepted Answer

A)  returns of faulty inputs used in the production process 
B)  relationships with internal suppliers 
C)  returns of faulty products for businesses 
D)  financial returns from sales and other sources 
A)  returns of faulty inputs used in the production process 
B)  relationships with internal suppliers 
C)  returns of faulty products for businesses 
D)  financial returns from sales and other sources

Question 11

Finished goods inventory contains items that are ________.

Accepted Answer

A)  used as inputs in the firm's manufacturing process 
B)  awaiting delivery to customers 
C)  returned by customers due to quality issues 
D)  procured from suppliers for the production process 
A)  used as inputs in the firm's manufacturing process 
B)  awaiting delivery to customers 
C)  returned by customers due to quality issues 
D)  procured from suppliers for the production process

Question 12

Which of the following is an objective of the returns management process?

Accepted Answer

A)  efficiently getting the defective products to the right supplier in the supply chain 
B)  automating and simplifying a variety of supply chain processes 
C)  determining the criteria for supplier selection and adding and removing suppliers 
D)  designing and integrating all supply chain processes 
A)  efficiently getting the defective products to the right supplier in the supply chain 
B)  automating and simplifying a variety of supply chain processes 
C)  determining the criteria for supplier selection and adding and removing suppliers 
D)  designing and integrating all supply chain processes

Question 13

The ________ effect occurs when companies order more supplies than are needed due to a sudden change in demand.

Accepted Answer

A)  just-in-time 
B)  roll-up 
C)  bullwhip 
D)  Doppler 
A)  just-in-time 
B)  roll-up 
C)  bullwhip 
D)  Doppler

Question 14

Akers Inc.,an IT services company,selects SAP as the preferred ERP vendor to integrate its supply chain with that of its business partners.In this case,which of the following steps would Akers most likely take next in implementing the ERP system?

Accepted Answer

A)  determining the structure of its industry 
B)  picking inherent processes 
C)  measuring the system performance 
D)  performing a gap analysis 
A)  determining the structure of its industry 
B)  picking inherent processes 
C)  measuring the system performance 
D)  performing a gap analysis

Question 15

SAP systems automatically track raw material inventory and generate purchase requisitions when reorder levels are reached.

Accepted Answer

A) True 
 B)False

Question 16

Every SAP screen has a title.

Accepted Answer

A) True 
 B)False

Question 17

Describe the benefits of implementing SAP in the accounting process.

Accepted Answer

SAP enables the sharing of rea

Question 18

Organizations can configure the industry-specific inherent processes programmed in SAP.

Accepted Answer

A) True 
 B)False

Question 19

A major disadvantage of implementing SAP is that it weakens the internal controls that exist within an organization.

Accepted Answer

A) True 
 B)False

Question 20

Sharing data leads to an increase in the bullwhip effect in the supply chain.

Accepted Answer

A) True 
 B)False

Define the term lead time.

What are the typical procurement objectives of an organization?

The Supplier Relationship Management (SRM)process complicates the supply chain process.

Before the advent of SAP,most large organizations typically consolidated data in a single database.

How do large organizations select an ERP system and determine process objectives and measures?

The structure of an industry can be determined by using Porter's five forces model.

Human actors initiate the purchasing request in an SAP system.

Describe the following: (1)Supplier Relationship Management (2)Returns Management (3)Supplier Evaluation

A three-way check must be performed in a procurement process before posting an outgoing payment to a vendor.

The returns management process in a supply chain manages ________.

Finished goods inventory contains items that are ________.

Which of the following is an objective of the returns management process?

The ________ effect occurs when companies order more supplies than are needed due to a sudden change in demand.

Akers Inc.,an IT services company,selects SAP as the preferred ERP vendor to integrate its supply chain with that of its business partners.In this case,which of the following steps would Akers most likely take next in implementing the ERP system?

SAP systems automatically track raw material inventory and generate purchase requisitions when reorder levels are reached.

Every SAP screen has a title.

Describe the benefits of implementing SAP in the accounting process.

Organizations can configure the industry-specific inherent processes programmed in SAP.

A major disadvantage of implementing SAP is that it weakens the internal controls that exist within an organization.

Sharing data leads to an increase in the bullwhip effect in the supply chain.

The Importance of MIS

Business Processes, Information Systems, and Information

Networks and the Cloud

Database Processing

Information Systems Security

Using Is to Improve Processes

Supporting Processes With ERP Systems

Supporting the Sales Process With SAP

Collaboration and IS

Social Media and IS

Business Intelligence and IS

Filters

Exam 8: Supporting the Procurement Process With SAP

Define the term lead time.

What are the typical procurement objectives of an organization?

The Supplier Relationship Management (SRM)process complicates the supply chain process.

Before the advent of SAP,most large organizations typically consolidated data in a single database.

How do large organizations select an ERP system and determine process objectives and measures?

The structure of an industry can be determined by using Porter's five forces model.

Human actors initiate the purchasing request in an SAP system.

Describe the following: (1)Supplier Relationship Management (2)Returns Management (3)Supplier Evaluation

A three-way check must be performed in a procurement process before posting an outgoing payment to a vendor.

The returns management process in a supply chain manages ________.

Finished goods inventory contains items that are ________.

Which of the following is an objective of the returns management process?

The ________ effect occurs when companies order more supplies than are needed due to a sudden change in demand.

Akers Inc.,an IT services company,selects SAP as the preferred ERP vendor to integrate its supply chain with that of its business partners.In this case,which of the following steps would Akers most likely take next in implementing the ERP system?

SAP systems automatically track raw material inventory and generate purchase requisitions when reorder levels are reached.

Every SAP screen has a title.

Describe the benefits of implementing SAP in the accounting process.

Organizations can configure the industry-specific inherent processes programmed in SAP.

A major disadvantage of implementing SAP is that it weakens the internal controls that exist within an organization.

Sharing data leads to an increase in the bullwhip effect in the supply chain.

The Importance of MIS

Business Processes, Information Systems, and Information

Networks and the Cloud

Database Processing

Information Systems Security

Using Is to Improve Processes

Supporting Processes With ERP Systems

Supporting the Sales Process With SAP

Collaboration and IS

Social Media and IS

Business Intelligence and IS

Filters