Inventory capabilities
Inventory Management Quiz
Test your knowledge on inventory management concepts with this comprehensive quiz. Whether you're a novice or an expert, this quiz covers a range of questions designed to gauge your understanding of different inventory types and strategies.
- 28 Multiple Choice Questions
- Learn about purchase orders, inventory reservations, and more
- Designed for professionals in the field
You can use this type to create a draft order. This type doesn't affect stock quantities or generate inventory transactions. The PO journal lines aren't included in master scheduling.
Journal
Purchase order
Returned order (also RTV, Return to Vendor)
You can use this type to create purchase orders when orders are confirmed with a vendor, and as the orders are processed through receipt and invoicing before payment is made to the vendor. This type of PO is the most common.
Journal
Purchase order
Returned order (also RTV, Return to Vendor)
You can use this type when you return goods to the vendor. This type of order requires that you specify the return material authorization (RMA) number that the vendor gives you. You specify the RMA number on the General tab of the PO. The order lines must have negative quantities
Journal
Purchase order
Returned order (also RTV, Return to Vendor)
It's a way to register the receipt of items from purchase orders. It can help the warehouse manager and warehouse workers achieve an overview of expected work that must be done as part of an inbound process
Arrival Journal
Cross-Docking
Replenishment
Is a warehouse process where the inventory quantity that is required for an order is directed from receipt or creation to the correct outbound dock or staging area. All remaining inventory from the inbound source is directed to the correct storage location through the regular put-away process.
Cross-Docking
Cluster Picking
Inventory reservation
Inventory Reservation - You can reserve both physical on-hand inventory and ordered but not yet received inventory
True
False
Inventory Reservation - You can reserve services
True
False
Is a piece picking process that lets you pick items for multiple orders at the same time
Cluster Picking
Load demand replenishemnt
Counting
This capability can be especially useful for non-batch-tracked inventory where an expiration date is not available to use for sorting. It is useful to track when inventory first entered the warehouse.
Location directives
Inventory counting
This strategy creates replenishment work, based on demand, if the quantity that is required for production orders, kanbans, outbound orders, or loads isn't available when a wave creates work
Wave demand replenishment
Min/Max replenishment
Load demand replenishment
Immediate replenishment
With this strategy stock is replenished so that it's between the minimum and maximum limits that have been set. Typically, this process occurs one time every day, to help guarantee that all picking locations are filled to the maximum level before picking starts
Wave demand replenishment
Min/Max replenishment
Load demand replenishment
Immediate replenishment
This strategy sums the demand for several loads and creates the replenishment work that is required in order to stock the relevant picking locations. This strategy helps guarantee that the loads that are created can be picked in the warehouse after they are released.
Wave demand replenishment
Min/Max replenishment
Load demand replenishment
Immediate replenishment
This strategy replenishes inventory before a wave is run if allocation fails for a location directive line that has a replenishment template
Wave demand replenishment
Min/Max replenishment
Load demand replenishment
Immediate replenishment
Use this inventory journal type to update gains and losses to inventory quantities when the item should keep its default general ledger offset account
Movement
Inventory Adjustment
Transfer
Tag Counting
When you use this inventory journal, you can add cost to an item when you add inventory but you manually allocate the additional cost to a particular general ledger account by specifying a general ledger offset account when you create the journal. This inventory journal type is useful if you want to overwrite the default posting accounts.
Movement
Inventory Adjustment
Transfer
Tag Counting
Use this inventory journal type to move items between stocking locations, batches, or product variants without associating any cost implications
Movement
Inventory Adjustment
Transfer
Tag Counting
This inventory journal type is useful in simple or high-volume production scenarios where routes are not required.
Inventory Adjustment
Transfer
Tag Counting
BOM
What fun
Transfer journal
Transfer order
Movement journal
Production input
You can use this journal to register the receipt of items from production orders
Transfer journal
Item arrival journal
Inventory adjustment
Production input
You can use this journal to register the receipt of items from purchase orders
Transfer journal
Item arrival journal
Inventory adjustment
This journal let you correct the current on-hand inventory that is registered for items or groups of items, so that you can make the adjustments that are needed to reconcile the differences
Counting journal
Inventory adjustment
Movement journal
A logical or physical grouping of the warehouse locations. For example for all staging locations
Zone groups
Zones
Location profiles
Location types
€¢Locations
A logical or physical grouping of locations that have the same warehouse location process policies (for example, a mix of different item numbers can be stored there, and the same physical capacity constraints apply)
Zone groups
Zones
Location profiles
Location types
€¢Locations
A logical or physical grouping of locations within a warehouse
Zone groups
Zones
Location profiles
Location types
€¢Locations
A logical or physical grouping of zones within a warehouse
Zone groups
Zones
Location profiles
Location types
€¢Locations
What can be created to ensure that work is not created to request that inventory be put in a location that doesn't have the physical capacity to carry the inventory.
Location stocking limits
Min/Max
Counting journal
Which are the three types of wave templates
Pick,Pack,Ship
Receipt list, Quality, Stock
Shipping, Production Order, KanBan
What feature you can use to block inventory during inspection to prevent non-approved inventory from being used (full blocking of purchase order quantities).
Inventory counting
Quality management
Cluster-Picking
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