logo image

Essentials of Business Processes and Information Systems Wiley Plus

In business-to-business commerce which of the following occurs?
Companies purchase their materials directly from customers according to business requirements.
Companies purchase their materials directly from other companies according to business requirements.
Customers purchase their materials directly from other customers.
Customers purchase their materials directly from companies.
Companies purchase their materials directly from other companies according to business requirements.
Your company must purchase its raw materials from another company. Which of the following is NOT an important reason to establish a legally binding and financially secure relationship?
If the company you are procuring raw materials from is out of stock, you can simply purchase from another company.
If the company you are procuring raw materials from is out of stock, it will be difficult to purchase materials from another company.
To minimize your exposure to risk
To minimize the difficulties in working with different currencies, tariffs, duties, and tax systems in a global environment
If the company you are procuring raw materials from is out of stock, you can simply purchase from another company.
The procurement process begins when:
A company ships an order to a customer
A company receives a packing list
A company discovers that it needs to acquire materials
A company receives an invoice
A company discovers that it needs to acquire materials
Which of the following are documents commonly associated with the procurement process?
Goods receipt document, vendor invoice, quotation
Customer inquiry, quotation, packing list
Purchase order, vendor payment, sales order
Purchase requisition, packing list, vendor invoice
Purchase requisition, packing list, vendor invoice
A purchase requisition is created when the warehouse selects a suitable supplier.
True
False
False
A purchase requisition is completed entirely within the warehouse.
True
False
False
Why must the free-on-board (FOB) point be specified?
It determines the quantities of materials shipped.
It determines the ownership of materials in case of loss or damage during shipment.
It determines the date the material must be received by.
The FOB is not really that important.
It determines the ownership of materials in case of loss or damage during shipment.
In a paper process, copies of a completed purchase order go to:
Warehouse, accounting, the vendor
The vendor, operations, warehouse
Accounting, the vendor, human resources
Accounting, the vendor, information technology
Warehouse, accounting, the vendor
As discussed as part of the procurement process, companies implement quality control processes for which reasons?
To ensure the correct quantities were shipped and to ensure the shipped items were in good condition.
To avoid a return process and to ensure what was ordered is what was shipped.
Both A and B
None of these are reasons a company implements a quality control process.
Both A and B
Instance-level information is related to the overall level across multiple instances of a process.
True
False
False
Process-level information is related to the overall level across multiple instances of a process.
True
False
True
Which of the following are examples of instance-level information in the procurement process?
Total amount of a material ordered during June and delivery location
FOB point and average time of delivery from a vendor
Which suppliers are most frequently used and which materials are most frequently ordered
A purchase requisition number, date requested, FOB point
FOB point and average time of delivery from a vendor
Which of the following are examples of process-level information in the procurement process?
The average time to receive materials from a specific vendor and the most frequently ordered material
The most frequently ordered material and the date a purchase requisition was created
The delivery location and the vendor on a specific purchase requisition
The most frequently used supplier and the quantity of materials on a specific purchase requisition
The average time to receive materials from a specific vendor and the most frequently ordered material
In the procurement process, a financial impact occurs when ownership of goods is transferred per the FOB terms.
True
False
True
In the procurement process, a financial impact occurs when a purchase requisition is created.
True
False
False
An enterprise system can be configured to automatically create a purchase requisition when the inventory of materials falls below a determined point.
True
False
True
A separate enterprise system must be configured for each step of the procurement process.
True
False
False
Which of the following are ways an enterprise system can support the execution of the procurement process?
Documents can be quickly and easily created and stored in an enterprise system.
Automation of communication
Certain data fields can be pre-populated across steps in the process.
All of the above
All of the above
An enterprise system can perform which of the following automatically?
Transfer the necessary data from a purchase requisition to a purchase order
A three-way match once invoice data has been provided
Record the receipt of materials to the warehouse
Both A and B
Both A and B
A benefit of enterprise systems is that all process data, such as vendor names, quantities, and document ID numbers, are stored in a common database that other people involved in a process can access.
True
False
True
Monitoring processes in an enterprise system is complicated because the needed reports often come from multiple documents and functional departments that must be manually located and reviewed.
True
False
False
The ability to drill down into the details of a historical report in an enterprise system is possible because all data are stored in a common database.
True
False
True
The use of an enterprise system in the procurement process will result in longer lead and cycle times along with increased visibility and reduced inventories.
True
False
False
A key performance indicator (KPI):
Is the ability to drill down into the details of a process
Is a standard definition of what is expected in a process
Is an example of process-level information
Can never be automated in terms of how exceptions are handled in an enterprise system
Is an example of process-level information

Need essay sample on "Essentials of Business Processes and Information Systems Wiley Plus"? We will write a custom essay sample specifically for you for only .90/page

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register
Signup & Access Essays

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy