Exam 8: Supporting the Procurement Process With SAP

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Which of the following is the first step in implementing an ERP system?

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When does the lead time in a procurement process come to an end?

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What is a three-way match?

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While using SAP,the purchasing manager must notify the corresponding suppliers after each purchase order has been saved.

(True/False)
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The steps required to install an ERP system is referred to as the implementation process.

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Describe the purchase requisition activity after the implementation of SAP.

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A purchasing manager is responsible for the approval of a purchase request to be converted into a purchase order.

(True/False)
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In additive manufacturing,objects are manufactured through the ________.

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A large manufacturing company offered a 40 percent discount on all its products for a short period of time.As a result,the retailers ordered and stocked more products than needed to cash in on the opportunity.This scenario exemplifies the ________.

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An organization shares ________ with its suppliers using SAP.

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Supply chain processes are improved when processes share data.

(True/False)
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Users can input data in the header section of an SAP screen.

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Traditional procurement processes enabled the generation of real-time accounting reports.

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A(n)________ is an internal company document that issues a request for a purchase.

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SAP systems store all procurement data in a single database.

(True/False)
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A ________ occurs when a limited resource greatly reduces the output of an integrated series of activities or processes.

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The use of the SAP procurement process in place of the traditional procurement process signifies that the same major activities are conducted but with significant changes in the order activity.

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Describe raw materials inventory and finished goods inventory.

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SAP enables organizations to share real-time data with suppliers,but it slows down the procurement process.

(True/False)
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Organizations must create procedures instructing employees on how to use the SAP system to execute its processes.

(True/False)
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