Warehouse Management Datashet

1) Which is not a benefit of consignment?

a. storage costs to the Supplier

b. storage costs to the Buyer

c. potential shipping efficiencies to the Supplier

d. Inventory cost investments to the Buyer

2) Which statement is NOT appropriate to consigment?

a. Buyer is responsible for material storage

b. Supplier is responsible for material storage

c. Less material management handling by the Supplier

d. Buyer does not pay for material until material is used or sold

3) What is the term for Inventory stored at the Supplier location waiting for shipping

a. Junk

b. Regular

c. Consigned

d. Inventory

4) Under the consignment relationship what is the term for material received from the Supplier and "consumed"?

a. Regular

b. Trash

c. material stock

d. Consigned

5) Which is a source document setup for consignemnt transaction processing?

a. Accounts Receivable prepaid invoice

b. Accounts Payable charges

c. Warehouse toilet paper

d. Blanket Purchase Agreement

6) Which is a characteristic of consignment?

a. there is agreement between Supplier and Buyer

b. payment for received material initiates immediately after receipt

c. Supplier is able to monitor the onhand quantities at buyer site

d. there is no cost benefit to the supplier

7) After consumption of material the following is true

a. Consigned material is tranferred to Regular material at the Supplier site

b. Regular material is tranferred to Consigned material at the Supplier site

c. Regular material is tranferred to Consigned material at the Buyer site

d. Consigned material is tranferred to Regular material at the Buyer site

8) Is Approved Supplier List(ASL) required for using Consignemnt?

a. True

b. False

9) What is the process to execute to notify the Supplier the material has been consumed?

a. Material has been consumed concurrent request

b. Transfer to Regular concurrent

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