How do you drill down a report to look at information about a specific Purchase Requisition?

Double click on the requisition

Right click and select Requisition Level

Double Click on the Vendor Master

Before an invoice can be paid, what 3 things must match?

Post Goods Receipt, Purchase Order, Invoice Receipt

Inventory Posting, Storage Quantity, Receipt of Product

Post Goods Receipt, Purchase Order, Invoice Receipt

Bill of Lading, Credit Draft Number, Inventory Line Item

What are 2 benefits of implementing SAP for the P2P Process?

Real-time visibility to inventory and order status

Improved vendor management capabilities

What are 2 components of P2P?

Goods Movement, Vendor Management

Asset Control, Accounting Unit, Accounts Receivable

Transfer Order, P&L, Business Unit Protocol

Goods Movement, Vendor Management

Operating Unit, Warehouse Division, SKU

P2p01 - Purchase To Pay Overview - Kc

1.

How do you drill down a report to look at information about a specific Purchase Requisition?
- A.
  
  Double click on the requisition
- B.
  
  Right click and select Requisition Level
- C.
  
  Double Click on the Vendor Master
- D.
  
  None of the above
Correct Answer
A. Double click on the requisition

Explanation
To drill down a report and look at information about a specific Purchase Requisition, the correct action is to double click on the requisition. This action will allow the user to access and view detailed information related to the specific requisition.

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2.

Before an invoice can be paid, what 3 things must match?
- A.
  
  Inventory Posting, Storage Quantity, Receipt of Product
- B.
  
  Post Goods Receipt, Purchase Order, Invoice Receipt
- C.
  
  Bill of Lading, Credit Draft Number, Inventory Line Item
- D.
  
  None of the above
Correct Answer
B. Post Goods Receipt, Purchase Order, Invoice Receipt

Explanation
Before an invoice can be paid, three things must match: Post Goods Receipt, Purchase Order, and Invoice Receipt. The Post Goods Receipt ensures that the products have been received and are in good condition. The Purchase Order verifies that the goods or services were ordered and agreed upon. The Invoice Receipt confirms that the invoice matches the goods or services received and the agreed-upon price. Only when all three of these match can the invoice be paid.

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3.

What comes after creating a purchase order in the P2P Process?
- A.
  
  Submit Purchase Requisition
- B.
  
  Verify Inventory Count
- C.
  
  Clear Purchase Draft
- D.
  
  Release Purchase Order
Correct Answer
D. Release Purchase Order

Explanation
After creating a purchase order in the P2P process, the next step is to release the purchase order. This means that the purchase order is officially sent to the supplier or vendor for fulfillment. Releasing the purchase order initiates the process of procuring the requested goods or services and ensures that the supplier is aware of the order and can begin preparing for delivery.

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4.

Which type of master data keeps information on agreements between the business and Vendor?
- A.
  
  Contract
- B.
  
  Inventory Supply Agreement
- C.
  
  Service Level Agreement
- D.
  
  Product Delivery Specification
Correct Answer
A. Contract

Explanation
Contracts are the type of master data that keeps information on agreements between the business and Vendor. Contracts are legally binding agreements that outline the terms and conditions of the relationship between the business and the vendor. It includes details such as pricing, delivery schedules, quality standards, and any other specific requirements agreed upon by both parties. Contracts help ensure that both the business and the vendor are aware of their rights and obligations, and provide a framework for resolving any disputes or issues that may arise during the course of the agreement.

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5.

Which type of master data keeps information on a vendor’s bank details?
- A.
  
  Vendor Master
- B.
  
  Vendor Account
- C.
  
  Supplier Report
- D.
  
  None of the above
Correct Answer
A. Vendor Master

Explanation
The correct answer is Vendor Master. The Vendor Master is a type of master data that keeps information on a vendor's bank details. This includes details such as the vendor's bank account number, bank name, branch code, and other relevant information. The Vendor Master is an essential component of any procurement or accounts payable system, as it ensures accurate and up-to-date information on vendors' bank details for payment processing and financial transactions.

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6.

What are 2 benefits of implementing SAP for the P2P Process?
- A.
  
  Real-time visibility to inventory and order status
- B.
  
  Improved vendor management capabilities
- C.
  
  Improved vendor performance
- D.
  
  All of the above
Correct Answer
D. All of the above

Explanation
Implementing SAP for the P2P (Procure-to-Pay) process provides several benefits. Firstly, it offers real-time visibility to inventory and order status, allowing businesses to track their inventory levels and monitor the progress of orders. This helps in making more informed decisions and improving overall efficiency. Secondly, implementing SAP improves vendor management capabilities by streamlining communication, automating processes, and providing a centralized platform for managing vendor relationships. Lastly, it improves vendor performance by enabling businesses to monitor and evaluate vendor performance metrics, identify areas for improvement, and establish better relationships with vendors.

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7.

What are 2 components of P2P?
- A.
  
  Asset Control, Accounting Unit, Accounts Receivable
- B.
  
  Transfer Order, P&L, Business Unit Protocol
- C.
  
  Goods Movement, Vendor Management
- D.
  
  Operating Unit, Warehouse Division, SKU
Correct Answer
C. Goods Movement, Vendor Management

Explanation
The two components of P2P (Procure-to-Pay) are goods movement and vendor management. Goods movement refers to the process of physically moving goods from the supplier to the buyer, including activities such as shipping, receiving, and inventory management. Vendor management involves managing relationships with suppliers, including activities such as selecting vendors, negotiating contracts, and monitoring vendor performance. These components are essential in ensuring a smooth and efficient procurement process from start to finish.

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P2p01 - Purchase To Pay Overview - Kc

How do you drill down a report to look at information about a specific Purchase Requisition?

Before an invoice can be paid, what 3 things must match?

What comes after creating a purchase order in the P2P Process?

Which type of master data keeps information on agreements between the business and Vendor?

Which type of master data keeps information on a vendor’s bank details?

What are 2 benefits of implementing SAP for the P2P Process?

What are 2 components of P2P?