A purchase requisition is Study guides, Class notes & Summaries

GFEBS SPENDING CHAIN PURCHASE REQUISITIONS Purchase Requisition Processor •Serves as the PR initiator, receiving and validating requirements and entering the PR. •The Purchase Requisition Processor also makes changes and corrections to PRs as required. •They coordinate with the Purchase Requisition Interface Processing Monitor in the event of interface errors. Purchase Requisition Interface Processing Monitor Validates inbound and outbound interfaces between GFEBS and partner...

SAP Certification Practice Exam 241 Questions with Verified Answers Which of the following control parameters determines the scope of the MRP run in SAP S/4HANA? - Processing key - Purchase requisition - Planned order - Planning mode - Schedule line - CORRECT ANSWER - Processing key What is the highest organizational unit in warehouse management? - Warehouse number - Storage selection - Storage bin - Storage type - CORRECT ANSWER - Warehouse number What happens when we post...

GFEBS SPENDING CHAIN PURCHASE REQUISITIONS Purchase Requisition Processor •Serves as the PR initiator, receiving and validating requirements and entering the PR. •The Purchase Requisition Processor also makes changes and corrections to PRs as required. •They coordinate with the Purchase Requisition Interface Processing Monitor in the event of interface errors. Purchase Requisition Interface Processing Monitor Validates inbound and outbound interfaces between GFEBS and partner...

Spending Chain is made up of two sub-processes: correct answers•The Acquisition Process is made up of the Material Master Data, the Vendor Master Data and the Procurement of Goods or Services. •The Accounts Payable Process is made up of Post Invoice and Payment Programs. What are purchase orders? correct answersis a way GFEBS records an obligation based on a pre-commitment or commitment document. After a Purchase requisition (PR) is funds certified, it will require a Purchase Order to ...

Express the organization's purpose for existence - correct answer An organization's mission statement should: Legal and statutory requirements - correct answer An agency is revising its document retention schedule. To what should the governmental entity look for guidance? Cooperative Contract - correct answer An agency is looking into cooperative purchasing practices. After conducting some analysis, the agency would like to "piggyback" its purchases with other agencies that are partici...

3-Way Match correct answers Procurement Process 1. Purchase Requisition, Generated by Business Unit. 2. Approved Purchase Req sent to Procurement 3. Procurement assigns Buyer and identifies existing approved suppliers. 4. If no suppliers, a Sourcing Process is initiation, otherwise a PO is placed. 5. Supplier delivers Products or Goods (remits invoice) 6. Receiving Department logs Receipt and Packing Slip 7. Finance completes a "3-way Match" to ensure the PO, Invoice and Packing Sl...

CS_T410 SAP Certification Practice 99 Questions with Verified Answers Which business process uses the following SAP master data: Vendor, Material, and Purchasing Info record? - CORRECT ANSWER STP True or False: Intelligent Enterprise is the umbrella under which all SAP products sit, with S/4HANA at the core. - CORRECT ANSWER TRUE Which of the following is the correct hierarchy of organizational structure elements in SAP S/4HANA (from 1. highest level to 4. lowest level)? - CORRECT A...

GFEBS SPENDING CHAIN: PURCHASE REQUISITIONS Questions and Answers (Verified Answers) Purchase Requisition Processor •Serves as the PR initiator, receiving and validating requirements and entering the PR. •The Purchase Requisition Processor also makes changes and corrections to PRs as required. •They coordinate with the Purchase Requisition Interface Processing Monitor in the event of interface errors. Purchase Requisition Interface Processing Monitor Validates inbound and outb...

What is a Specification? A detailed description of the requirements for a material, product, or service that includes performance or design criteria necessary to satisfy customer need. What are the two main functions of a specification? 1) Internally-to ensure that the purchasing department understands exactly what the end user needs. 2) Externally-to serve as the primary communication document between the agency and the vendor of the agency's needs. What is the document used to transmit ...

Humber Real Estate - Course 2, Module 14 The Offer Process and Regulatory Obligations Already Graded A Is there a standard form used for the Agreement of Purchase and Sale? No, but there is certain information relating to the rights and obligations of the parties that must be included. What information relating to the rights and obligations of the parties must be included in an Agreement of Purchase and Sale? - The buyer is required to search the title at their own expense and make any objectio...