117 Terp10 Units 5, 6, & 7 - Inventory & Warehouse

Front 1

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

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

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

1. True

Front 4

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

Back 4

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

Front 5

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

Back 5

1. In-transit at the receiver

Front 6

6. What are the two effects of a plant-to-plant, two-step stock transfer?

Back 6

1. Two FI documents
2. Two MM documents

Front 7

7. What stock types can be used in a stock transfer?

Back 7

1. Physical

Front 8

8. What are the effects of a storage location-to-storage location stock transfer? (1)

Back 8

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

Front 9

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

Back 9

1. True.

Front 10

10. List three types of transfer postings.

Back 10

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

Front 11

11. In a basic one-step stock transfer within a plant, what two things can happen?

Back 11

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

Front 12

12. What four things are true for stock transfers between two company codes?

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

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

1. Transfer posting

Front 14

14. Is an accounting document created for a stock transfer?

Back 14

1. Yes for Plant-to-plant, stock transfers.

Front 15

15. What are the six advantages of stock transport orders over stock transfers?

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

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

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

Back 17

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

Front 18

18. What are the five elements of warehouse organization?

Back 18

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

Front 19

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

Back 19

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

Front 20

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

Back 20

1. True.

Front 21

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

Back 21

1. True

Front 22

22. What is an interim storage area?

Back 22

1. It forms a link to Inventory Management.
2. Each goods movement that affects both Inventory Management and Warehouse Management is processed with an interim storage area.

Front 23

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

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

Back 24

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

Front 25

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

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

27. What changes can you make to a PI document? (3)

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

28. What are the two methods for handling goods movements during inventory?

Back 28

1. Goods Receipts
2. Goods Issue

Front 29

29. In physical inventory management, the list of differences contains information on each item for what four things?

Back 29

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

Front 30

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

Back 30

1. Material document
2. Accounting document

Front 31

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

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

33. What is the cycle count indicator?

Back 33

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

Front 34

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

Back 34

1. True.

Front 35

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

Back 35

1. True

Front 36

36. What five attributes can be included as part of the stock management unit for physical inventories?

Back 36

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

Front 37

37. What are the four statuses for a physical inventory document?

Back 37

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

Front 38

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

Back 38

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

Front 39

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

Back 39

1. True: Because you cannot inventory stock in transfer.

Front 40

40. Logistics Execution is the link between ______ and ___________ .

Back 40

1. Procurement
2. Distribution

Front 41

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

42. A goods issue is a goods movement that is used for what four types of movement?

Back 42

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

Front 43

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

Back 43

1. Transfer Order

Front 44

44. The Transport Planning Point is usually assigned to a _________ ________.

Back 44

1. Company Code

Front 45

New Questions: 45. What document is generated for a One Step Storage Location to Storage Location Stock Transfer?

Back 45

Material Document

Front 46

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

Back 46

1. 2 Material Documents

Front 47

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

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

Back 48

1. 2 Material Documents
2. and 1 Accounting Document

Front 49

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

50. What are the three types of goods movements.

Back 50

1. Issues
2. Receipts
3. and Transfers

Front 51

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

Back 51

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

Front 52

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

Back 52

1. Transfer Requirement