COMMERCIAL QUIZ

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Commercial Procurement Quiz

Welcome to the Commercial Procurement Quiz! Test your knowledge about the essential processes involved in purchasing, goods receipt, and asset management within SAP. This quiz is designed for professionals looking to validate their understanding and improve their skills in commercial operations.

Key areas covered in the quiz include:

Purchase Orders
Goods Receipt Procedures
Cost Comparison Techniques
Asset Capitalization Rules

15 Questions4 MinutesCreated by AnalyzingData42

For purchasing any material (For ex: RM, PM or spares etc.) when should the Purchase Order be created in SAP?

Immediately after receiving the material

Within 24 hrs of receiving the material

Just before the truck enters the factory

Before the material is dispatched by the vendor

What is the time limit for completing Goods Receipt (GR) entry in SAP?

Within 12 Hrs from gate entry

Within 24 Hrs from gate entry

Within 36 Hrs from gate entry

Within 48 Hrs from gate entry

For the purpose of cost comparison between quotations, which of the following must be considered?

Basic Price only

Basic price plus applicable taxes

Base Price, freight and other incidental expenses

Base Price, freight, other incidental expenses plus applicable taxes

When must the copy of the purchase order be sent to the vendor?

Immediately after PO is released

Immediately after material/service is received

Immediately after invoice is received

PO copy is not required to be sent to the vendor

Which of the following statements is correct regarding stock taking process?

SAP stock dump must be used as reference for stock taking

Stock taking must be done on the basis of blank stock count I.e., SAP stock dump must not be used as reference

SAP stock dump of random sample items can be used as reference

SAP stock dump of high value items (> 1 lakh) can be used as reference

What is the timline for closure of a purchase order in SAP?

Within 30 days from the date of issue of Purchase order to the vendor

Within 45 days after the delivery of goods

Any time after the PO creation

PO Closure in SAP is not compulsory

As per the GR/IR policy, what is the allowed timeline for clearing copra payment?

Within 24 hrs from the delivery of goods

Within 15 days from the delivery of goods

Within 30 days from the delivery of goods

Within 90 days from the delivery of goods

What are the documents required when an asset is sent for repair or modification purpose?

Returnable gate pass only

Asset transfer Note only

Returnable gate pass along with Asset transfer Note

Non returnable gate pass along with asset transfer Note

Which of the following is relevant in case of commencement of operations at a new branch?

Sales tax registration

Insurance endorsement

Agreement execution

All the above

Which one of the following document is not required to be prepaired while dispatching material?

Lorry Receipt

Goods transfer note cum challan

Form JJ or Form 15

Form C

When should an asset be capitalised in SAP?

When asset received at factory and GRN is completed

When asset is commissioned and put to use

When trial run has started

When a CEP is raised

Which of the following is a Non - compliance as per the scrap policy?

Online scrap generation to be entered in SAP on a daily basis

Scrap should be properly defaced before moving to the scrap yard

Daily scrap generation is not entered in the DPR

Scrap to be sold only to the authorised selected vendor throug Auction

What is the timeline to address any query raised by CG for invoice processing?

Within 2 days of raising the query

Within 5 days of raising the query

Within 7 days of raising the query

Within 10 days of raising the query

Which of the following is within policy in the case of Goods in transit

Goods in transit within 30 days

Goods in transit within 90 days

Goods in transit within 45 days

Goods in transit within 120 days

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COMMERCIAL QUIZ

Commercial Procurement Quiz

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