Foundation P&s - Inventory Mgmt
(104).webp "Foundation P&s - Inventory Mgmt - Quiz")
Understanding of Foundation process in Inventory Mgmt.
Questions and Answers
- 1.
Which country are you based in?
- A.
China
- B.
India
- C.
Indonesia
- D.
Philippines
- E.
Korea
- F.
Japan
- G.
Australia
- H.
Pakistan
- I.
Thailand
- J.
Vietnam
- K.
Singapore
Correct Answer
A. ChinaExplanation
Based on the given options, the correct answer is China.Rate this question:
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- 2.
What are the different movements for stock?
- A.
Stock Placement ( Goods Receipt)
- B.
Stock Removal ( Goods issue)
- C.
Stock Movement ( Storage location to Storage location)
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
The correct answer is "All of the above". This means that all of the mentioned movements - stock placement (goods receipt), stock removal (goods issue), and stock movement (storage location to storage location) - are different movements for stock.Rate this question:
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- 3.
Which movement type is used to do the Goods issue against Customer Delivery?
- A.
261
- B.
601
- C.
661
- D.
101
Correct Answer
B. 601Explanation
Movement type 601 is used to do the Goods issue against Customer Delivery. This movement type is specifically designed for goods that are being issued to a customer as part of a delivery. It allows for the proper tracking and documentation of the goods being sent out to the customer.Rate this question:
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- 4.
Which movement types are used for two steps goods movement between storage locations to storage location?
- A.
301 and 305
- B.
313 and 315
- C.
343 and 344
- D.
101 and 102
Correct Answer
B. 313 and 315Explanation
The movement types 313 and 315 are used for two steps goods movement between storage locations to storage location.Rate this question:
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- 5.
Physical Inventory Count is a process whereby Inventory is counted and any differences between Actual Physical Stock level and SAP stock level is reconciled for any agreed reason.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The explanation for the given correct answer is that Physical Inventory Count is indeed a process where the inventory is counted and any discrepancies between the actual physical stock level and the stock level recorded in the SAP system are reconciled. This process is necessary to ensure the accuracy of inventory records and to identify any discrepancies or errors that may exist. Therefore, the statement "Physical Inventory Count is a process whereby Inventory is counted and any differences between Actual Physical Stock level and SAP stock level is reconciled for any agreed reason" is true.Rate this question:
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- 6.
What is the transaction code to create Stock transport order (STO)?
- A.
COR1
- B.
ME21N
- C.
MB01
- D.
MIGO_TR
Correct Answer
B. ME21NExplanation
ME21N is the correct transaction code to create a Stock Transport Order (STO). ME21N is used in SAP to create a purchase order, and in the case of a stock transport order, it is used to create an order for transferring goods from one plant to another within the same company code.Rate this question:
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- 7.
What is the correct sequence of Physical inventory count process in the system?
- Counting Stock
- Post inventory difference.
- Create Physical Inventory document.
- Enter reason for difference.
- A.
3,1,2,4
- B.
1,2,3,4
- C.
2,3,1,4
- D.
4,1,2,3
Correct Answer
A. 3,1,2,4Explanation
The correct sequence of the Physical inventory count process in the system is as follows:
1. Create Physical Inventory document.
2. Counting Stock.
3. Post inventory difference.
4. Enter reason for difference.Rate this question:
- 8.
What is the transaction code for reprinting the material document?
- A.
MB52
- B.
MB90
- C.
MMBE
- D.
MD04
Correct Answer
B. MB90Explanation
MB90 is the correct transaction code for reprinting the material document. This transaction allows users to access a range of functions related to material documents, including reprinting. It provides a comprehensive overview of all material documents and allows users to select and reprint specific documents as needed. This transaction is commonly used in inventory management and provides a convenient way to retrieve and reproduce material documents when necessary.Rate this question:
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- 9.
What is the correct sequence of the intra company stock transfer order process?
- Goods receipt against Outbound delivery
- Goods issue from supplying plant against outbound delivery.
- Creation of outbound delivery
- Creation of Stock transfer order.
- A.
4,3,2,1
- B.
1,2,3,4
- C.
3,4,1,2
- D.
4,1,2,3
Correct Answer
A. 4,3,2,1Explanation
The correct sequence of the intra company stock transfer order process is as follows:
1. Creation of Stock transfer order.
2. Creation of outbound delivery.
3. Goods issue from supplying plant against outbound delivery.
4. Goods receipt against Outbound delivery.Rate this question:
- 10.
What is the movement type used to move material from blocked to discard the material from system?
- A.
101
- B.
951
- C.
261
- D.
262
Correct Answer
B. 951Explanation
Movement type 951 is used to move material from blocked to discard the material from the system. This movement type is specifically designed to handle situations where material needs to be removed from the system due to being blocked or unusable. It ensures that the material is properly discarded and removed from inventory records.Rate this question:
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- 11.
Which are the important reports from inventory management point of view?
- A.
ZSTOCK
- B.
ZMATLCL
- C.
ZSTMBT
- D.
MMBE
- E.
All
Correct Answer
E. AllExplanation
All of the mentioned reports are important from an inventory management point of view. ZSTOCK provides information about the current stock levels, ZMATLCL gives details about the material consumption, ZSTMBT provides information about the stock movements, and MMBE gives an overview of the stock situation. Considering all these reports together can help in effectively managing and monitoring the inventory levels and movements in an organization.Rate this question:
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- 12.
We can see Unrestricted – Restricted stock types along with Batch characteristics values in ZSTOCK.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
The given statement is true because the ZSTOCK table contains both unrestricted and restricted stock types, as well as batch characteristic values.Rate this question:
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- 13.
What is the use of option “ Display Real Available Qty “ in ZSTOCK?
- A.
To exclude materials with zero Stock
- B.
To Display only the Available Qty
- C.
To Display Vendor Name
- D.
To display total stock
Correct Answer
B. To Display only the Available QtyExplanation
The option "Display Real Available Qty" in ZSTOCK is used to only display the available quantity of materials. It excludes materials with zero stock and does not display the vendor name or the total stock.Rate this question:
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- 14.
Which report provides a list of all movements posted for a particular batch?
- A.
ZMATLCL
- B.
ZSTOCK
- C.
ZSTMBT
- D.
ZINSTBL
Correct Answer
A. ZMATLCLExplanation
The report ZMATLCL provides a list of all movements posted for a particular batch.Rate this question:
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- 15.
What is the stock type of the batch If the supply status is “R”
- A.
Unrestricted
- B.
Restricted
- C.
Blocked
- D.
Reserved
Correct Answer
B. RestrictedExplanation
If the supply status is "R", it indicates that the stock is restricted. Restricted stock refers to inventory that has certain limitations or restrictions placed on its use or sale. This could be due to legal or regulatory requirements, quality issues, or other factors that prevent the stock from being freely available for use or sale.Rate this question:
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- 16.
What is the movement type used to transfer goods from Plant to Plant in 2 step?
- A.
303 and 305
- B.
101 and 102
- C.
361 and 362
- D.
343 and 344
Correct Answer
A. 303 and 305Explanation
The movement types 303 and 305 are used to transfer goods from one plant to another in a two-step process. Movement type 303 is used to create a reservation for the goods in the issuing plant, while movement type 305 is used to actually transfer the goods from the issuing plant to the receiving plant. This two-step process allows for better control and tracking of the goods during the transfer.Rate this question:
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- 17.
What are different types of physical inventory count?
- A.
Continuous inventory
- B.
Annual inventory
- C.
Cycle count
- D.
All
Correct Answer
D. AllExplanation
The correct answer is "All." This means that all of the given options - continuous inventory, annual inventory, and cycle count - are types of physical inventory count.Rate this question:
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- 18.
What is the transaction code for doing the goods movements related to stock transfer?
- A.
MIGO_TR
- B.
MBST
- C.
MMBE
- D.
COR3
Correct Answer
A. MIGO_TRExplanation
The transaction code MIGO_TR is used for doing goods movements related to stock transfer. This transaction allows users to transfer stock from one location to another within the same company code. It is commonly used in inventory management to track the movement of goods and update stock levels in different storage locations.Rate this question:
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- 19.
What criteria can you use while picking the batches for delivery?
- A.
Supply status
- B.
Harvest Month and Year
- C.
Germination test results
- D.
All of the above
Correct Answer
D. All of the aboveExplanation
The criteria that can be used while picking the batches for delivery include supply status, harvest month and year, and germination test results. These factors are important in ensuring that the batches being delivered are of high quality and meet the required standards. By considering all of these criteria, the chances of delivering a successful and satisfactory product to the customers are increased.Rate this question:
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- 20.
What is a shipping point?
- A.
A location from where goods are sold
- B.
Physical inventory location from which items are shipped
- C.
Both of above
Correct Answer
B. Physical inventory location from which items are shippedExplanation
A shipping point refers to a physical inventory location from which items are shipped. This means that it is the specific place where goods are stored and dispatched to customers or other locations. It is not just a location where goods are sold, as it also involves the process of physically shipping the items to their intended destinations. Therefore, the correct answer is that a shipping point is a physical inventory location from which items are shipped.Rate this question:
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- 21.
What is the movement type used for goods receipt reversal?
- A.
101
- B.
102
- C.
261
- D.
561
Correct Answer
B. 102Explanation
The movement type used for goods receipt reversal is 102.Rate this question:
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Current Version
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Nov 08, 2023Quiz Edited by
ProProfs Editorial Team -
Sep 06, 2011Quiz Created by
Syngenta
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