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HISMLS Lesson 12 - Materials Management System well answered $12.99   Add to cart

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HISMLS Lesson 12 - Materials Management System well answered

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HISMLS Lesson 12 - Materials Management System well answered

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  • August 15, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • HISMLS
  • HISMLS
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BravelRadon
HISMLS Lesson 12 - Materials
Management System

Materials Management System - correct answer ✔✔can be used to manage

functions like purchasing, accounting, inventory management, and

patient supply charges



Strategies for improving Inventory Control - correct answer ✔✔Ensuring shipment accuracy

Aligning with sales projections

Complying with regulations

Establishing buying cycles



Item master maintenance - correct answer ✔✔has many sections. The upper

portion contain master information. The "item" tab is used

for maintenance of the attributes of the item.



Item Availability form - correct answer ✔✔specifies inventory levels across all

warehouses.



Item Indents and Issues - correct answer ✔✔Goods that are damaged or have indents while being
transported from the source to the warehouse may be returned when the supplier allows it.

Damaged items are moved to another warehouse for them to be monitored.



Reorder Level - correct answer ✔✔is the minimum quantity of an item that a company has

in stock, so when the stock reaches the stated minimum quantity, the item must then be reordered.



Min/Max inventory ordering method - correct answer ✔✔is the basic reordering method implemented
in many ERPs and other inventory management software.

, Minimum value - correct answer ✔✔represents the stock level that prompts the reorder.



Maximum value - correct answer ✔✔sets the new targeted level that follows the reorder.



Economic Order Quantity (EOQ) - correct answer ✔✔is often interpreted as the main difference
between the Min and Max value.



Documents required in materials management process - correct answer ✔✔Enquiries

Quotations

Orders

Invoices

Documents



Purchase Quotation - correct answer ✔✔is a document requesting prices and

delivery information from a vendor before the purchase

order.



Preferred Vendor - correct answer ✔✔is part of the list that a company keeps

from whom they purchase their supplies. They look for vendors who has on-time performance, offers
reasonable

costs, provides high quality products and services, fully

licensed, bonded, and insured product and services, and has good business practices.



Purchase request or purchase requisition - correct answer ✔✔is a document that notifies

the purchasing department that certain items ore services need to be

replenished.



Purchase Order - correct answer ✔✔is legally binding contract which shows that the seller

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