Quiz: 06 Inventory And Warehouse Management | 17 Questions | Quiziosity

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Businesses today are mostly large scale and therefore have warehouses to store their products till a want arises in the market. Inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to consumers. Take this quiz and see how much you know about inventory and warehouse management.

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A transportation planning point can be assigned to a plant.

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

A plant-storage location combination can be assigned to multiple warehouse numbers.

A plant-storage location and storage area combination can be assigned to one warehouse number.

A plant-storage location combination can be assigned to several shipping points.

Transfer requirement

Material document

Accounting document

Can only be posted out of unrestricted-use stock

Effects financial accounting in case the plants involved are assigned to different valuation areas

Always creates an accounting document

In case of cross-company code Stock Transfer one accounting document is created

Valuates the material with the price of the issuing plant

When blocking goods movements, you cannot post any changes to the inventory, neither to the physical inventory, nor to the book inventory.

You set the blocking indicator in the storage location view of the material master.

When freezing the book inventory, you cannot post any changes to the inventory; neither to the physical inventory, nor to the book inventory.

When blocking goods movements, you can post goods issues but no goods receipts.

When freezing the book inventory, you can post goods issue and goods receipts for the particular material. Changes to the book inventory are performed, after the material has been released.

The freeze book inventory indicator is set in the physical inventory document

Posting the inventory differences can only be carried out by using the list of differences.

Posting an inventory difference creates one material document for stock number correction, and one accounting document for corrections in accounting management.

Inventory differences can only be posted, if the difference does not exceed the document tolerance quantity specified in the inventory tolerance group of the employee.

The document tolerance is defined as total value of quantity differences that is allowed to occur for all items counted by one employee in one period.

If the difference does not exceed the total document tolerance, but for a particular item the maximum amount per item is exceeded, the user is still can post the difference for this position,

The system automatically sets the posting period of the accounting document by using the time of the first count for the physical inventory document.

A Material to Material transfer posting is always carried out in a one-step procedure.

A Material to Material transfer posting can only be carried out from the unrestricted-use stock of the issuing material into the quality-inspection stock of the receiving material.

One material document is created. For every item you enter, two material document items are created.

No accounting document is created.

The materials involved must not have the same base unit of measure.

Stock Transfer from client to client.

Stock Transfer from company code to company code.

Stock Transfer from controlling area to controlling area.

Stock Transfer from business area to business area.

Stock Transfer from plant to plant.

Stock Transer from storage location to storage location within the same plant.

Warehouse section

Creation of physical inventory document

Block Goods Movements

Freeze Block Inventory

Posting of the inventory difference

Takes place within the same plant

Can be executed for all stock types using the one-step procedure.

Creates two material document, containing two material document items per material transferred

Creates one material document, containing two material document items per material transferred

Creates one accounting document

Never creates an accounting document

Storage Location

Warehouse number

Transportation planning point

Stock transfers are used for releasing and transferring a material from one storage location to another.

Stock transfers can take place within a plant or between two different plants.

Transfer postings are used to changes stock identification or qualification of a material.

Stock transfers are used to changes stock identification or qualification of a material.

Transfer postings are always associated with a physical movement of a material.

A stock transfer can be used to transfer materials between storage locations.

In a storage locatino to storage location transfer order that carried out in a two-step procedure a material document is created.

After the goods issue posting from the issuing point, the stock is considered as in transfer at the receiving point.

In a cross-plant transfer financial accounting can be affected.

Integratino with MRP application allows to convert sales orders into Stock Transport Orders

You can initiate goods receipt at the receiving plant. Thus, goods issue posting in the issuing plant is created subsequently.

You can post delivery costs and the carrier/forwarder in a Stock Transport Order

Goods receipt can be posted directly to consumption

When posting a goods receipt into the warehouse, you can post the material to unrestricted-use and in quality inspection, but not to blocked stock.

The purchase order history is not utilized

Unit of quantity

Storage location

Can only be used to transfer materials from unrestricted-use stock of the issuing storage location to the unrestricted-use stock of the receiving storage location

Creates two separate material documents are created

Upon goods issue from storage at the issuing point, the system creates one material document with two items

Upon placement into storage at the receiving point, the system creates one material document with two items.

Valuation in terms of accounting is not carried out, since the company code does not change

One accounting document is created

Transfer postings need NOT involve a physical goods movement.

For both types of transfer, material and accounting documents are always created.

A stock transfer is used to transfer material from quality inspection to blocked stock

A stock transport order can be used to enter a stock transfer.

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The best score ever recorded for this game is 71.0% in 442 seconds. It was recorded on May 9, 2022. Can you beat that?

May 9, 2022 Red_John — 12/17