Finance And IT Inventory Adjustment

12 Questions | Total Attempts: 90

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Finance And IT Inventory Adjustment

This quiz ensures that employees are aware of the processes and responsibilities with regards to Inventory Adjustments.


Questions and Answers
  • 1. 
    Make adjustments of non conforming product using the ___________ module  in MISys
  • 2. 
    Identify product as obsolete and disposition as per authorized instructions in accordance with procedure-______________________________
  • 3. 
    Re-enter stock into _____ and generate a costing sheet
  • 4. 
    True or False: The Production Manager submits a copy of the non conforming product listing/inventory adjustments form to I/C clerk (accounts) in order for verification of transaction to take place
    • A. 

      True

    • B. 

      False

  • 5. 
    Enter Non-Conforming Product Adjustments on the Non-Conforming Product Listing/_____________ Form
  • 6. 
    The Distribution Clerk issues authorization to the ___________________ to transfer stock from WMS to located WHSD
  • 7. 
    With regards to transfer on non-conforming product- warehouse to company store; use the _____________ module to describe action and select and enter item and quantity
  • 8. 
    True or False. The next step upon receiving a request for inventory adjustment is to make the necessary changes to the database and return copy of the actioned form to the originator as confirmation that the process has been completed.
    • A. 

      True

    • B. 

      False

  • 9. 
    Upon completion of the electronic transaction, the Distribution Clerk will notify you that an inventory adjustment has been made via the Non-Conforming Product Listing/________________ form.
  • 10. 
    The Sales Associate raises requisite adjustments using the Non Conforming Product Listing/__________ form
  • 11. 
    On Completing the form, the assigned Sales Associate signs and obtains the necessary authorization signature/s and forwards the documentation to the ____________________
  • 12. 
    Return signed copy of the transfer form to the ___________
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