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HISMLS Lesson 12 - Materials Management System well answered
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HISMLS Lesson 12 - Materials Management System well answered
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HISMLS Lesson 12 - MaterialsManagement System
Materials Management System - correct answer ✔✔can be used to manage
functions like purchasing, accounting, inventory management, and
patient supply charges
Strategies for improving Inventory Control - correct answer ✔✔Ensuring shipment accuracy
Aligning with sales projections
Complying with regulations
Establishing buying cycles
Item master maintenance - correct answer ✔✔has many sections. The upper
portion contain master information. The "item" tab is used
for maintenance of the attributes of the item.
Item Availability form - correct answer ✔✔specifies inventory levels across all
warehouses.
Item Indents and Issues - correct answer ✔✔Goods that are damaged or have indents while being
transported from the source to the warehouse may be returned when the supplier allows it.
Damaged items are moved to another warehouse for them to be monitored.
Reorder Level - correct answer ✔✔is the minimum quantity of an item that a company has
in stock, so when the stock reaches the stated minimum quantity, the item must then be reordered.
Min/Max inventory ordering method - correct answer ✔✔is the basic reordering method implemented
in many ERPs and other inventory management software.
, Minimum value - correct answer ✔✔represents the stock level that prompts the reorder.
Maximum value - correct answer ✔✔sets the new targeted level that follows the reorder.
Economic Order Quantity (EOQ) - correct answer ✔✔is often interpreted as the main difference
between the Min and Max value.
Documents required in materials management process - correct answer ✔✔Enquiries
Quotations
Orders
Invoices
Documents
Purchase Quotation - correct answer ✔✔is a document requesting prices and
delivery information from a vendor before the purchase
order.
Preferred Vendor - correct answer ✔✔is part of the list that a company keeps
from whom they purchase their supplies. They look for vendors who has on-time performance, offers
reasonable
costs, provides high quality products and services, fully
licensed, bonded, and insured product and services, and has good business practices.
Purchase request or purchase requisition - correct answer ✔✔is a document that notifies
the purchasing department that certain items ore services need to be
replenished.
Purchase Order - correct answer ✔✔is legally binding contract which shows that the seller
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