Foundation P&s - Inventory Mgmt

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  • 1/21 Questions

     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.

    • True
    • False
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About This Quiz

The 'Foundation P&S - Inventory Mgmt' quiz assesses knowledge on inventory management practices in SAP, covering stock movements, goods issues, and stock transport orders. It is crucial for professionals in supply chain and inventory roles to understand and reconcile physical stock with system records.

Foundation P&s - Inventory Mgmt - Quiz

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  • 2. 

    What is the correct sequence of Physical inventory count process in the system?
    1. Counting Stock
    2. Post inventory difference.
    3. Create Physical Inventory document.
    4. Enter reason for difference.
       

    • 3,1,2,4

    • 1,2,3,4

    • 2,3,1,4

    • 4,1,2,3

    Correct Answer
    A. 3,1,2,4
    Explanation
    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.

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  • 3. 

    What is the transaction code for reprinting the material document?  

    • MB52

    • MB90

    • MMBE

    • MD04

    Correct Answer
    A. MB90
    Explanation
    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.

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  • 4. 

     What is the transaction code for doing the goods movements related to stock transfer?

    • MIGO_TR

    • MBST

    • MMBE

    • COR3

    Correct Answer
    A. MIGO_TR
    Explanation
    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.

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  • 5. 

     We can see Unrestricted – Restricted stock  types along with Batch characteristics values  in ZSTOCK.

    • True

    • False

    Correct Answer
    A. True
    Explanation
    The given statement is true because the ZSTOCK table contains both unrestricted and restricted stock types, as well as batch characteristic values.

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  • 6. 

     What is the movement type used to transfer goods from Plant to Plant in 2 step?

    • 303 and 305

    • 101 and 102

    • 361 and 362

    • 343 and 344

    Correct Answer
    A. 303 and 305
    Explanation
    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.

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  • 7. 

    What is the stock type of the batch If the supply status is “R”
       

    • Unrestricted

    • Restricted

    • Blocked

    • Reserved

    Correct Answer
    A. Restricted
    Explanation
    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.

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  • 8. 

    What are the different movements for stock?
       

    • Stock Placement ( Goods Receipt)

    • Stock Removal ( Goods issue)

    • Stock Movement ( Storage location to Storage location)

    • All of the above

    Correct Answer
    A. All of the above
    Explanation
    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.

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  • 9. 

     What are different types of physical inventory count?

    • Continuous inventory

    • Annual inventory

    • Cycle count

    • All

    Correct Answer
    A. All
    Explanation
    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.

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  • 10. 

    What is the movement type used for goods receipt reversal? 

    • 101

    • 102

    • 261

    • 561

    Correct Answer
    A. 102
    Explanation
    The movement type used for goods receipt reversal is 102.

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  • 11. 

    Which movement types are used for two steps goods movement between storage locations to storage location?  

    • 301 and 305

    • 313 and 315

    • 343 and 344

    • 101 and 102

    Correct Answer
    A. 313 and 315
    Explanation
    The movement types 313 and 315 are used for two steps goods movement between storage locations to storage location.

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  • 12. 

    What is the movement type used to move material from blocked to discard the material from system? 

    • 101

    • 951

    • 261

    • 262

    Correct Answer
    A. 951
    Explanation
    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.

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  • 13. 

    What is the use of option “ Display Real Available Qty “ in ZSTOCK?  

    • To exclude materials with zero Stock

    • To Display only the Available Qty

    • To Display Vendor Name

    • To display total stock

    Correct Answer
    A. To Display only the Available Qty
    Explanation
    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.

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  • 14. 

    Which movement type is used to do the Goods issue against Customer Delivery?

    • 261

    • 601

    • 661

    • 101

    Correct Answer
    A. 601
    Explanation
    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.

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  • 15. 

    Which report provides a list of all movements posted for a particular batch? 

    • ZMATLCL

    • ZSTOCK

    • ZSTMBT

    • ZINSTBL

    Correct Answer
    A. ZMATLCL
    Explanation
    The report ZMATLCL provides a list of all movements posted for a particular batch.

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  • 16. 

    What is the correct sequence of the intra company stock transfer order process?
    1. Goods receipt against Outbound delivery
    2. Goods issue from supplying plant against outbound delivery.
    3. Creation of outbound delivery
    4. Creation of Stock transfer order.
     

    • 4,3,2,1

    • 1,2,3,4

    • 3,4,1,2

    • 4,1,2,3

    Correct Answer
    A. 4,3,2,1
    Explanation
    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.

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  • 17. 

    Which are the important reports from inventory management point of view?  

    • ZSTOCK

    • ZMATLCL

    • ZSTMBT

    • MMBE

    • All

    Correct Answer
    A. All
    Explanation
    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.

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  • 18. 

     What is a shipping point?

    • A location from where goods are sold

    • Physical inventory location from which items are shipped

    • Both of above

    Correct Answer
    A. Physical inventory location from which items are shipped
    Explanation
    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.

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  • 19. 

    What criteria can you use while picking the batches for delivery?

    • Supply status

    • Harvest Month and Year

    • Germination test results

    • All of the above

    Correct Answer
    A. All of the above
    Explanation
    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.

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  • 20. 

    What is the transaction code to create Stock transport order (STO)?  

    • COR1

    • ME21N

    • MB01

    • MIGO_TR

    Correct Answer
    A. ME21N
    Explanation
    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.

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  • 21. 

    Which country are you based in? 

    • China

    • India

    • Indonesia

    • Philippines

    • Korea

    • Japan

    • Australia

    • Pakistan

    • Thailand

    • Vietnam

    • Singapore

    Correct Answer
    A. China
    Explanation
    Based on the given options, the correct answer is China.

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Quiz Review Timeline (Updated): Nov 8, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Nov 08, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Sep 06, 2011
    Quiz Created by
    Syngenta
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