Exercise 04-02 Basic Procurement Process MCC V2-0

Exercise 04-02 Basic Procurement Process MCC V2-0 - Chapter...

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Chapter 04: Procurement Process Exercise 04-02: Basic Procurement Process Multi Company Code Rev: 01/17/2011 General Notes and Information It is strongly recommended that you read through the entire exercise prior to starting. Not all instructions can be provided in a linear manner. The following symbols are used to indicate important information, as described below: An arrow highlights an important instruction that must not be overlooked. A pencil prompts you to write down an important piece of information. Each student or group will be assigned a unique two-digit identifier . This identifier is used in all exercises to uniquely identify your data. Whenever you see ## in these exercises, replace it with your identifier. Always work with your data. Business Process Overview The procurement process is used to purchase material from a vendor. This process can be used to purchase trading goods as well as raw materials. Introduction
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Chapter 04, Exercise 04-02, Revised: 01/17/2011 Page 2 of 32 In this exercise you will execute the procurement process to purchase the following trading goods: Elbow Pads, Road Helmets, Repair Kits, Off-road Helmets, and Knee Pads. You will be purchasing 50 of each of these goods from Olympic Protective Gear to be delivered to GBI’s Miami plant. Exercise Prerequisites Exercise 4-1: Review Procurement Master Data Exercise Workflow Exercise Deliverables Deliverables are consolidated into one worksheet at the end of this exercise. For this exercise you will need the following deliverables. In the System: Purchase Requisition Purchase Order Goods Receipt Invoice Verification Vendor Payment On Paper: Completed Exercise worksheet (attachment 1) Answers to the Questions You may be assigned additional deliverables. Make certain to check with your instructor. In this step, the Purchase Requisition is created for internal purposes only. It is recommended that you Step 1: Create Purchase Requisition
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Page 3 of 32 keep several windows opened (to view inventory and vendor account balances). Refresh these windows each step of the procurement process to review the consequences of your actions. Step 1.1: Review material inventory Refer to a previous exercise for instructions on how to review material inventory. Review the inventory of your elbow pads, road helmets, repair kits, off road helmets, and knee pads, and answer the following questions. Q1: How many elbow pads are in inventory before the requisition: Q2: How many road helmets are in inventory before the requisition: Q3: How many repair kits are in inventory before the requisition: Q4: How many off road helmets are in inventory before the requisition: Q5: How many knee pads do you have before the requisition: Step 1.2: Review vendor account balance Refer to a previous exercise for instructions on how to review account balances. Then, review the balance in your vendor’s account and answer the following question. Q6:
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Exercise 04-02 Basic Procurement Process MCC V2-0 - Chapter...

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