It’s time to put what you’ve learned to the test, get 4 questions right to pass this unit.
Q1.
What is Consignment Collaboration?
There are two correct answers.
A
Consignment is a business model in which the physical location and the ownership location of the goods are different
B
Consignment is a business model in which the physical location and the ownership location of the goods are the same
C
Consignment is a business model in which the Buyer wants the flexibility of having the inventory on, or close to, its premises but wants to defer ownership until consumption
D
Consignment is a business model where materials are procured on predetermined dates within a certain time period
Q2.
Which of the following documents is created by the Buyer for payment of goods that have moved to their own stock?
Choose the correct answer.
A
Transfer Posting
B
Returns Purchase Order
C
Consignment Purchase Order
D
Settlement Invoice
Q3.
A Purchase Order containing at least one consignment item is designated as a ____________.
Choose the correct answer.
A
Settlement Invoice
B
Consignment Purchase Order
C
Returns Purchase Order
D
Consignment Invoice
Q4.
Which of the following statements are true about Consignment Collaboration?
There are two correct answers.
A
It is a business model in which the physical location and the ownership location of the goods are different.
B
It does not require the initial ordering of goods and related consumption notices from the Buyer.
C
It does not let Buyers generate consignment Invoices.
D
It provides Buyers and Suppliers with end-to-end visibility of movements related to consignment inventory.
Q5.
Which of the following documents is created by the Buyer when they transfer goods from consignment stock to their own stock?