Terp10 Unit 09 - Inventory & Warehouse Management

Front 1

What is the difference between a stock transfer and a transfer posting? (2)

Back 1

1. Stock Transfer: Physical material movement.
2. Transfer Posting: Change to stock type, material number, or batch number

Front 2

What are the two steps of a two-step stock transfer?

Back 2

1. Goods issue is posted from the issuing point (plant 1).
2. Goods receipt at the receiving point (plant 2).

Front 3

T/F – After the first step of a two-step storage location-to-storage location stock transfer, the material can be seen in the receiving storage location’s inventory.

Back 3

True

Front 4

Where is stock listed after the first step of a two-step stock transfer?

Back 4

The stock is regarded as in transit at the receiving point.

Front 5

Where is material found after the first step of a two-step stock transfer?

Back 5

In-transit at the receiver

Front 6

What are the two effects of a plant-to-plant, two-step stock transfer? (2)

Back 6

1. Two FI documents
2. Two MM documents

Front 7

What stock types can be used in a stock transfer?

Back 7

Physical

Front 8

What are the effects of a storage location-to-storage location stock transfer?

Back 8

MM document with two items because there is removal and put it away.

Front 9

T/F – Storage location-to-storage location, one-step stock transfers can be made from all stock types.

Back 9

True.

Front 10

List three types of transfer postings. (3)

Back 10

1. Stock-to-stock
2. Material-to-material
3. Consignment-to-warehouse

Front 11

In a basic one-step stock transfer within a plant, what two things can happen? (2)

Back 11

1. Creation of material document
2. The goods issue and goods receipts are posted into a single document.

Front 12

What four things are true for stock transfers between two company codes? (4)

Back 12

1. Results in the creation of a 2 material document
2. Results in the creation of an accounting document for each company code
3. Materials are valued at the valuation price of the receiving plant.
4. Can only be booked out of unrestricted-use stock.

Front 13

When a material is moved from stock in Quality Inspection to Unrestricted Stock, movement type 321 is used. This is an example of what?

Back 13

Transfer posting

Front 14

Is an accounting document created for a stock transfer?

Back 14

Yes for Plant-to-plant, stock transfers.

Front 15

What are the six advantages of stock transport orders over stock transfers? (6)

Back 15

1. Integration with MRP
2. Can manage transportation and freight
3. Can receive goods into all stock types.
4. Can plan for shipping and receiving
5. Can post to consumption
6. Can monitor transport with PO history

Front 16

How is warehouse management implemented? (2)

Back 16

1. Warehouse number is assigned to a plant-storage location combination.
2. In this way, the connection between warehouse management and inventory management is created.

Front 17

What are the organizational levels for warehouse management? (3)

Back 17

1. Client??
2. Company Code
3. Plant

Front 18

What are the five elements of warehouse organization? (5)

Back 18

1. Warehouse number
2. Storage section
3. Storage type
4. Picking area
5. Storage bin

Front 19

For defining and assigning the organizational levels relevant for logistics execution, how would you correctly assign the organizational levels?

Back 19

Several plant-storage location combinations can be assigned to one warehouse number.

Front 20

T/F – In logistics execution, shipping points can be assigned to more than one plant.

Back 20

True.

Front 21

In the case of a transport order, the process can be monitored using the PO history.

Back 21

True

Front 22

What is an interim storage area?

Back 22

It forms a link to Inventory Management. Also, each goods movement that affects both Inventory Management and Warehouse Management is processed with an interim storage area.

Front 23

What happens when an item in a PO is received into a storage location linked to a warehouse number? (3)

Back 23

1. A transfer requirement is created
2. A WH tab appears on the materials document.
3. The materials are booked into goods receiving zone for external receipts

Front 24

What happens when you receive a material that is assigned to a warehouse number?

Back 24

The system determines the assigned warehouse number and generates a transfer requirement in addition to the material and accounting documents.

Front 25

What are the steps of the physical inventory process? (5)

Back 25

1. Creation of physical inventory documents
2. Stock count - Entry of count
3. Analyze differences
4. Reconcile
5. Posting of inventory difference

Front 26

During delivery document creation, what other activities can also be performed? (4)

Back 26

1. Picking
2. Packing
3. Transportation
4. Good issue

Front 27

What changes can you make to a PI document?

Back 27

1. Change the planned count date.
2. Set or unset the posting block or freeze book inventory.
3. Create or change the physical inventory number.
4. In a not-yet-counted item: Change the stock type
5. In a not-yet-counted item: change the count unit of measure.
6. In a not-yet-counted item: Set the deletion indicator.
7. In a not-yet-counted item: Enter new items.

Front 28

What are the two methods for handling goods movements during inventory? (2)

Back 28

1. Goods Receipts
2. Goods Issue

Front 29

In physical inventory management, the list of differences contains information on each item for what four things? (4)

Back 29

1. Quantity counted
2. Difference quantity
3. Book inventory
4. Different amount

Front 30

What documents are created when a count difference is posted? (2)

Back 30

1. Material document
2. Accounting document

Front 31

Describe cycle counting. (4)

Back 31

1. First determine the frequency for which inventory will be counted (daily, monthly, yearly).
2. Next, there is an option to Freeze an item. Freezing an item hinders the ability for anyone to deliver, transfer, or move any inventory off the floor while a count is in progress.
3. Count inventory and input counts into system
4. System automatically signals a discrepancy

Front 32

What changes can be made to a physical inventory document only if no count has occurred for an item? (2)

Back 32

1. Set deletion indicator
2. Change the stock type

Front 33

What is the cycle count indicator? (2)

Back 33

1. Relevant materials for each plan are grouped into categories.
2. Define for each category the time intervals

Front 34

T/F – You can enter counts from a physical inventory without reference to a physical inventory document.

Back 34

True.

Front 35

T/F – Inbound logistics can begin with either a delivery or a goods receipt posting.

Back 35

True

Front 36

What five attributes can be included as part of the stock management unit for physical inventories? (5)

Back 36

1. Material
2. Plant
3. Storage location
4. Storage type
5. Special stock

Front 37

What are the four statuses for a physical inventory document? (4)

Back 37

1. Processed
2. Counted
3. Posted
4. Recounted

Front 38

In the case of stock transfers between plants, the two-step procedure is necessary if ____________________________.

Back 38

Users have authorizations only for their own plant in each case.

Front 39

T/F – At the time of physical inventory, you should not have stock in transfer.

Back 39

True: Because you cannot inventory stock in transfer.

Front 40

Logistics Execution is the link between ______ and ___________ .

Back 40

1. Procurement
2. Distribution

Front 41

A goods receipt is a goods movement in which the receipt of goods from both an _____________ or from ___________ is posted.

Back 41

1. External Vendor
2. Production

Front 42

A goods issue is a goods movement that is used for what four types of movement? (4)

Back 42

1. Material withdrawal
2. Goods issue
3. Material consumption
4. Goods shipment to a customer

Front 43

The __________________ is the document with which all material movements in the warehouse are executed.

Back 43

1. Transfer Order

Front 44

The Transport Planning Point is usually assigned to a _______________.

Back 44

1. Company Code

Front 45

What document is generated for a One Step Storage Location to Storage Location Stock Transfer? (1)

Back 45

Material Document

Front 46

What documents are generated for a Two Step Storage Location to Storage Location Stock Transfer?

Back 46

Two Material Documents

Front 47

What documents are generated for a One Step Plant to Plant Stock Transfer? (2)

Back 47

1. Material Document
2. and Accounting Document

Front 48

What documents are generated for a Two Step Plant to Plant Stock Transfer? (2)

Back 48

1. Two Material Documents
2. and One Accounting Document

Front 49

How is a Stock Transport Order used to complete a stock transfer? (2)

Back 49

1. This special type of Purchase order formalizes the material movement.
2. It provides the means to record the issue from the source plant and the receipt of it at the receiving plant.

Front 50

What are the three types of goods movements. (3)

Back 50

1. Issues
2. Receipts
3. and Transfers

Front 51

What is the difference between a one step and a two-step stock transfer?

Back 51

1. One Step has One material Document and One Accounting Document
2. Two Step has Two material documents and One Accounting Document… There is no intransit for One Step…

Front 52

What happens in Warehouse Management when a goods receipt is entered in Inventory Management?

Back 52

Transfer Requirement

Front 53

Transfer postings and stock transfers are important functions in inventory management. Your project team asks you to explain the difference between these. While describing different options for performing transfer postings, you include which of the following? (Choose 3)
a. Stock–to–stock
b. Plant–to–plant
c. Material–to–material
d. Consignment–to–warehouse
e. Storage location–to–storage location

Back 53

a. Stock–to–stock
c. Material–to–material
d. Consignment–to–warehouse

Front 54

You are performing a two–step stock transfer. After completing the goods issue, you go to the stock overview to view the inventory level for this material. Where will the material be found in the stock overview? (Choose 1)
a. In–transit at the sender
b. In–transit at the receiver
c. GR blocked stock
d. The storage location at the sender

Back 54

b. In–transit at the receiver

Front 55

Storage location–to–storage location, one–step stock transfers can be made from all stock types (True/False).

Back 55

True

Front 56

You just transferred a material from Storage Location 100 to Storage Location 200 within the same plant. As a result, SAP generated which of the following? (Choose 1)
a. FI document
b. MM document with one item
c. MM document with two items
d. CO document
e. Quantity in material master is updated

Back 56

c. MM document with two items

Front 57

After the first step of a two–step storage location–to–storage location stock transfer, the material can be seen in the receiving storage location’s inventory (True/False).

Back 57

True

Front 58

You are performing a two–step stock transfer from Plant 1000 to Plant 1200. As a result, SAP generated which of the following? (Choose 2)
a. One FI document
b. One MM document with two items
c. Two FI documents
d. Two mm documents

Back 58

a. One FI document
d. Two mm documents

Front 59

Stock transport orders offer several advantages over stock transfers. While discussing options with a client, you describe the following as advantages of a stock transport order. (Choose 6)
a. Integration with MRP
b. Can manage transportation and freight
c. Can receive goods into all stock types
d. Can be done in one step
e. Can plan for shipping and receiving
f. Can post to consumption
g. Can monitor transport with PO history

Back 59

a. Integration with MRP
b. Can manage transportation and freight
c. Can receive goods into all stock types
e. Can plan for shipping and receiving
f. Can post to consumption
g. Can monitor transport with PO history

Front 60

Inbound logistics can begin with either a delivery or a goods receipt posting (True/False).

Back 60

True

Front 61

A client is interested in implementing Warehouse Management. You explain the importance of organizational structures when implementing warehouse management. To ensure a connection between warehouse management and inventory management, which of the following will you recommend to them? (Choose 1)
a. Warehouse number is assigned to a storage location
b. Warehouse number is assigned to a plant–storage location combination
c. Warehouse number is assigned to a plant
d. Storage types are assigned to a storage location
e. Storage types are assigned to a plant–storage location combination

Back 61

b. Warehouse number is assigned to a plant–storage location combination

Front 62

The warehouse number is an organizational level within warehouse management. Your team has asked you to explain more about the warehouse number. Which of the following will you include as part of the substructure of a warehouse number? (Choose 5)
a. Warehouse letter
b. Storage section
c. Storage location
d. Storage type
e. Picking area
f. Interim storage area
g. Unrestricted area
h. Storage bin

Back 62

b. Storage section
d. Storage type
e. Picking area
f. Interim storage area
h. Storage bin

Front 63

You are running warehouse management in your company. A vendor has delivered materials. You just performed a goods receipt into a storage location with reference to the PO for these materials. What is the result of this receipt? (3 correct answers)
a. A transport order is created
b. No GL accounts are updated
c. A transfer requirement is created
d. A WH tab appears on the materials document
e. The materials are booked into goods receiving zone for external receipts

Back 63

c. A transfer requirement is created
d. A WH tab appears on the materials document
e. The materials are booked into goods receiving zone for external receipts

Front 64

Your project team has asked your assistance in explaining stock management units for physical inventory. You explain that a stock management unit is a non–divisible part of a stock of materials for which a separate book inventory exists. You go on to explain that a stock management unit is defined by which of the following? (Choose 5)
a. Material
b. Storage bin
c. Plant
d. Storage location
e. Stock type
f. Storage type
g. Special stock
h. Quant

Back 64

a. Material
c. Plant
d. Storage location
e. Stock type
g. Special stock

Front 65

Which of the following statement about Goods Movements are correct?
(Choose 2)
a. A Goods Receipt decreases the warehouse stock
b. Movement of Inventory between plants is completed with a stock transfer.
c. Transfer postings result in a physical move of inventory
d. A Goods Issue decreases the warehouse stock

Back 65

b. Movement of Inventory between plants is completed with a stock transfer.
d. A Goods Issue decreases the warehouse stock

Front 66

Which statements about Goods Receipt to GR Blocked Stock (MvT 103) are correct?
(Choose 3)
a. In order to accept the goods that are currently blocked, a Transfer Posting transaction would be used.
b. The value of the stock is updated
c. PO history is not updated
d. Blocked stock is visible on the Stock Overview transaction

Back 66

a. In order to accept the goods that are currently blocked, a Transfer Posting transaction would be used.
b. The value of the stock is updated
d. Blocked stock is visible on the Stock Overview transaction

Front 67

Which of the following are examples of Stock Transfers?
(Choose 2)
a. Quality Inspection to Unrestricted Use movement
b. Storage location to storage location movement
c. Material to Material Movement (change the material number)
d. Plant to Plant movement

Back 67

b. Storage location to storage location movement
d. Plant to Plant movement

Front 68

Which of the following statements about Physical Inventory are correct?
(Choose 2)
a. Posted Differences will result in creation of a Material Document and Accounting Document
b. The Physical Inventory Document can be created per Plant and Storage Location
c. Once a Physical Inventory Document is created, no new items may be added to it.
d. A Physical Inventory Document cannot be deleted.

Back 68

a. Posted Differences will result in creation of a Material Document and Accounting Document
b. The Physical Inventory Document can be created per Plant and Storage Location

Front 69

What are the two possibilities for controlling the inventory during a physical inventory count? (2)

Back 69

1. Freeze Book Inventory
2. Block all goods movement

Front 70

When you freeze inventory?
(Choose 2)
a. All good movements are forbidden
b. It prohibits good movements – changes to book inventory
c. Allows the posting of differences when the inventory count is saved

Back 70

a. All good movements are forbidden
c. Allows the posting of differences when the inventory count is saved

Front 71

What kind of data is part of the Physical Inventory document?
(Choose all that apply)
a. Material
b. Plant/Storage Location
c. Stock Type
d. Counting Date
e. Batches

Back 71

a. Material
b. Plant/Storage Location
c. Stock Type
d. Counting Date
e. Batches

Front 72

Examples of Transfer Postings?
(Choose 2)
a. Stock–to–stock
b. Material–to–material
c. Consignment–to–warehouse
d. Storage Location–to–Storage )

Back 72

b. Material–to–material
c. Consignment–to–warehouse

Front 73

Stock transfers always involve the physical movement of goods? (True or False)

Back 73

True

Front 74

Which of the following statement are correct regarding Movement Type 103 during a goods receipt?
(Choose 2)
a. Material is received into blocked stock
b. Material–to–material
c. Consignment–to–warehouse
d. Material is received into quality inspection stock

Back 74

b. Material–to–material
c. Consignment–to–warehouse