Sample final Questions

Sample final Questions - True 2 Name three distribution...

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ITP 320 Sample questions for Final Exam 1. What does MRP stand for? What is MRP? Material requirements planning (MRP), the system calculates the net requirements while considering available warehouse stock and scheduled receipts from purchasing and production. 2. List the two SAP modules that are involved during the various phases of the production planning and execution process: a) Production planning b) Materials Management 3. What is the result of Forecasting for materials? Creates an independent requirement of material(s) which can be used in an MRP run to calculate dependent requirements. 4. What is a cost element? ________. Cost elements are used to categorize costs such as rent, salaries, utilities etc. 5. In SAP one can create a purchase order without first running the MRP. True or False True 6. Name the two types of cost elements. Primary Cost element, Secondary cost element
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1. Posting of financial transactions was automated during the simulation game (after Q1).
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Unformatted text preview: True 2. Name three distribution channels used in the ERPSim game Hypermarkets Grocery stores Independent Grocers 3. To compare profit generated during each quarter, you created _____________. Profit Centers 4. In the simulation game, the drawback of automated purchasing was ______________ Delay in goods receipt 5. What document is created to initiate the production execution phase? The Planned Production Order 6. Briefly define each term below: BOM Bill of Materials is a complete, formally structured list of the components of a product or assembly. Cost center: Cost centers represents locations of cost incurrence. Cost centers can be set up based on allocation criteria or by activities or services. 7. A distribution is a type of allocation. True An assessment is not a type of allocation False...
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Sample final Questions - True 2 Name three distribution...

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