Final Revision of LIS Q:1 MCQ
Final Revision of LIS Q:1 MCQ
Q:1 MCQ:
1. To view the most up to date planning data (available stock, orders,
reservations, etc.) on a material, use the:
(more than one answer can be correct)
A Stock Overview report.
B List display of material and accounting documents.
C MRP list.
D Stock Requirement list.
E Standard Analysis for a material
4. The following are lot sizing rules available for SAP R/3:
(more than one answer can be correct)
A Fixed lot size.
B Replenish to maximum stock level.
C Weekly lot size.
D Daily lot size.
E Economic order quantity.
10. Which of the following document types can appear in the purchase
order history for a purchase order line item?
(more than one answer can be correct)
A Another purchase order.
B A goods receipt material document.
C A service entry sheet.
D An invoice.
E A release procedure.
• Material Planning
• Purchasing
• Inventory Management
• Vendor Valuation
• Invoice Verification
• Statutory Requirements
Define the Enterprise systems
Collects data from different firm functions and stores data in
single central data repository
Resolves problem of fragmented, redundant data sets and
systems
Enable:
Coordination of daily activities
Efficient response to customer orders (production, inventory)
Provide valuable information for improving management
decision making
What is the Stock Types?
Three main (frequently used) types:
Unrestricted-use stock ,Stock in Quality inspection , Blocked stock
Different types of picking and put away strategies, why? Justify.
Picking
- FIFO – To sale the oldest material first
- LIFO – To sale the latest material first
- Put away: Next empty bin, addition to the existing stock, mixed
storage, fixed storage, open storage.