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What are the five steps in the basic procurement process

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Reference no: EM133172450

Questions -

Q1. What are the five steps in the basic procurement process?

Q2. At what point in the execution of the procurement process are accounting documents created, and why?

Q3. Identify and define the four parts of the enterprise structure required for procurement.

Q4. What is the function of the factory calendar? Why is it important?

Q5. Discuss the options for selecting material valuation level and the reasons for selecting each one?

Q6. What is the role of a purchasing group?

Q7. How are storage locations used in the ERP system?

Q8. Explain the difference between a tax code and tax rate.

Q9. List and define four material types used in the ERP system?

Q10. Describe the two options available for price control in material master data.

Q11. Explain automatic account determination, including the basic accounting principles it supports.

Q12. What is the purpose of account category reference?

Q13. Explain account determination rules and how they are used. Provide an example.

Q14. What is the purpose of tolerance limits?

Q15. Identify and describe the four tolerance limits associated with the procurement process.

Q16. What are the two plant parameters required for procurement, and what are their functions?

Q17. What are material master views, and what is their purpose?

Q18. Describe trading goods and the common views needed in the material master.

Q19. What are the three organizational levels in the vendor master?

Q20. What are the benefits of maintaining purchasing info records?

Reference no: EM133172450

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