ACME requires cycle counting variance approval tolerances and the Approval required option is set to: If out of tolerance.
When the actual count falls within tolerance, Inventory_____
A. Automatically approves and posts the cycle count adjustment
B. Automatically approves, but does not post the cycle count adjustment
C. Holds the cycle count adjustment for approval and posts it after approval
D. Holds the cycle count adjustment for a recount and does not post the adjustment
Which statement is true regarding inventory transactions?
A. Transaction reasons can be used in all transaction forms.
B. Work in Process would not affect inventory transactions.
C. Inventory adjustments are not part of inventory transactions.
D. You can designate, by transaction type, which transaction reasons are available.
E. You must create at least one user-defined transaction reason for each inventory organization.
You created an internal requisition to move material between two organizations. The destination is locator controlled. The shipping network between these two locations has been defined as Direct. The shipment transaction fails.
What could be the reason for the failure?
A. Locator default has not been set up In the transaction default.
B. Internal requisitions cannot be used for Direct shipping networks.
C. You did not indicate the locator of the destination on the requisition.
D. Locator-controlled destinations cannot be used for Direct shipping networks.
After several cycle counts have been performed, the client wants to identify those items that consistently require adjustment.
Which report will help the client identify those items?
A. Cycle Count Listing
B. Cycle Count Hit/Miss Analysis
C. Cycle Count Unscheduled Items Report
D. Cycle Count Entries and Adjustments Report
For performing an ABC analysis, you need to define ABC Compile, ABC Classes, and ABC Assignment Groups.
Identify two correct actions. (Choose two.)
A. Link an ABC Group to an ABC Compile.
B. Link an ABC Compile to an ABC Group.
C. Assign an ABC Group to an ABC Class.
D. Assign an ABC Class to an ABC Group.
E. Enable an ABC Group in Subinventories.
The warehouse has received new stock from an internal distribution warehouse.
Which two receiving transactions can be used to put stock into the warehouse's inventory using the
Intransit Inventory? (Choose two.)
A. Direct Receipt
B. Standard Receipt and Delivery
C. Inter organization Direct Receipt
D. Inter organization Receipt and Delivery
E. Inter organization Miscellaneous Receipt
An Item has its lot Control attribute set to Full Control.
The Active material status does not have any transaction types related to lot control enabled for material
status control, this status is assigned to all lot numbers associated with the item.
The subinventory where the Item's lot numbers are all located also has the Active material status.
How will the application respond when a user tries to submit a subinventory transfer transaction?
A. The transaction will be accepted.
B. An error message will be generated.
C. The transaction will be accepted, but will be registered as a transfer to and from the same subinventory.
D. The transaction will be accepted, but the item cost update will have to be processed separately by the user.
Select the true statement about Material Status Control.
A. The profile option "IMV: Default Item Status" must be set to Active at the site level to enforce Material Status Control.
B. The profile option "INV: Material Status Support" must be set to Yes at the site level to enforce Material Status Control.
C. The profile option "INV: Transaction Reasons Security" must be set to Yes at the site level to enforce Material Status Control.
D. The profile option "INV: Allow Expense to Asset Transfer" must be set to Yes at the application level to enforce Material Status Control.
Company XYZ manufactures three different types of PC monitors.
Type 1 is a unique requirement for the local college called Northern College. Shipments of Type 1 to other
customers are not allowed. This Item is stored only in a subinventory called MODEL 1.
Other models are also stored in this same subinventory.
The other two types (Type 2 and Type 3) can be shipped to any other customer, including Northern
College.
Which conditions are mandatory for the Picking rule (rule.to meet these requirements?
A. Transaction type of Sales Order. Rule assigned to Northern College.
B. Subinventory as MODEL 1. Rule assigned to customer Northern College.
C. Subinventory as MODEL 1. Rule assigned to Type 1, and customer as Northern College.
D. Subinventory as MODEL 1. Rule assigned to Type 1, and transaction type as Sales Order.
E. Subinventory as MODEL 1. Rule assigned to Type 1, transaction type as Sales Order, and customer Northern College.
For the profile option TP: INV Cycle Count Entries form to Background processing. what are the system requirements for it to be effective? (Choose two.)
A. the Receiving Transaction manager must be active.
B. the Cost Manager Interface manager must be active.
C. the Move Transaction interface manager must be active.
D. the Material Transaction interface manager must be active.
E. the Lot Move Transaction interface manager must be active.
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