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Exam (elaborations)

NURS 200 Exam 1 _ (completed) latest spring 2024.pdf

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  • Course
  • CGFM - Certified Government Financial Manager
  • Institution
  • CGFM - Certified Government Financial Manager

NURS 200 Exam 1 _ (completed) latest spring

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  • August 6, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CGFM - Certified Government Financial Manager
  • CGFM - Certified Government Financial Manager
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Denyss
8/6/24, 11:49 AM




Integrated Business Processes with ERP Systems Ch 4
Jeremiah




Terms in this set (42)

the unit within an enterprise that performs strategic activities related to purchasing for
Purchasing organization
one or more plants

Enterprise-level purchasing organization AKA cross-company code; the most centralized model

AKA cross-plant model; a single purchasing organization is responsible for multiple
Company-level purchasing organization
plants in one company code

Plant-level purchasing organization AKA plant-specific; each plant has its own purchasing organization

an individual or a group of individuals who are responsible for purchasing activities for
Purchasing group
a material or a group of materials.

a formal communication to a vendor that represents a commitment to purchase the
Purchase order
indicated materials under the stated terms

Valuation currency the currency that the materials will be priced in, such as U.S. dollars

valuation class identifies the general ledger accounts associated with the material

price control identifies the method that is used to value the materials

the amount of time required to receive materials from a vendor and place them into
goods receipt processing time
storage

delivery tolerances specify how much over delivery and under delivery the ordering party will accept

include the data needed to conduct business with a vendor and to execute transactions
Vendor master data
related to the purchasing process

include the vendor's name, address, and communication information such as phone and
General data
fax numbers

accounting data include tax-related data, bank data and payment terms and methods

include various terms related to determining prices, creating and communicating
Purchasing data purchase orders, verifying invoices and other steps involved in executing purchases
with the vendor.

Purchasing info records an intersection or a combination of material and vendor data

Integrated Business Processes with ERP Systems Ch 4




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