Exam 4: C: The Procurement Process

Tolerances for price variations among purchase orders,invoices,and goods receipts are allowed,but tolerances for quantity variances are not.

The enterprise‐level purchasing organization is also known as the cross‐company code purchasing organization.

The material master is updated after the goods receipt step of the procurement process has been completed.

A purchasing organization is involved only in negotiating prices with vendors

Requirements for materials must be created manually.

SAP cannot utilize any media except Web services to communicate a purchase order to a vendor.

Vendor master data include the data needed to conduct business with a vendor and to execute transactions related to the procurement process.

A stock transfer does not involve a change in storage location.

The header section of a purchase order contains information such as purchase order number,vendor,currency,dates,and payment terms.

The method used to value material is defined in the material master.

Typically,there are three models of purchasing organizations: enterprise-level,company-level,and plant-level.

A transfer posting does not generate a material document.

A requisition represents a legal obligation to make the purchase.

Payments must be made automatically through a payment program.

General data related to a vendor are accessible to all company codes in a client.

Different material types have different required material views.

Consumable materials are acquired to be used within an organization.

Work lists display lists of master data and documents that are generated during the execution of a process.

Storage locations are places within a plant were materials are kept until they are needed.

Purchasing data related to a vendor are accessible to all purchasing organizations.