Difference between an item on PL and an item on PO?

PL is the requested quantity and PO is incoming quantity.

PL is the incoming quantity and PO is the requested quantity.

PL is a list and PO is a order.

Difference between a customer return and a backorder?

Customer return is when a customer returns the product and backorder is when the vendors does not have the item in stock.

Customer return is when the vendors does not have the item in stock and backorder is when a customer returns the product.

Customer return is when a customer orders an item but it is not in stock and backorder is when a customer orders an item that will be received at a later date.

Customer return is when a customer requests a refund and backorder is when a customer orders an item that will be received at a later date.

What is GP% and what is the guideline for domestic orders?

It's a percentage of the profits that must be received and the guideline is between 45%-50% depending on the vendor.

It's a percentage of the stock that must be retained and the guideline is between 30%-40% depending on the vendor.

It's a percentage of the stock that must be received and the guideline is between 25%-33% depending on the vendor.

It's a percentage of the profits that must be received and the guideline is between 60%-65% depending on the vendor.

What does on shelf time represent?

When the product is stocked in the warehouse and will be available to customer.

How long a product has been in the warehouse.

When the product arrives at the warehouse.

The price of a product before shipment.

What does VDI represent? What information does it provide?

Vendor distribution inventory which provides the amount of available stock from vendor.

Virtual delivery inventory which provides product price data.

Vendor delivery information which provides order status data.

Virtual delivery items which provides order status data.

What is the difference between no better vendor and better vendor?

No better vendor is when there is no vendor with a better price and better vendors are a list of vendors with better prices.

No better vendor is when all vendors have equal prices and better vendor is a vendor with the best prices.

No better vendor is when there is only one vendor and better vendor is a vendor with lower prices.

No better vendor is when all vendors have equal delivery time and better vendor is a vendor with the fastest delivery time.

What is a sales spike?

An increase in overall monthly sales.

Why do we review suggested items with sales spikes?

To ensure customer satisfaction.

A way to estimate customer demand.

A method of organizing inventory.

What does the refreshed column represent in the Purch Quotation App?

The amount of minutes since the quote has been recalculated.

The amount of minutes since you last worked on quote.

The amount of minutes since the quotes was generated.

An updated version of an invoice.

Quiz on Purchasing and Logistics

Quiz

•

Practice Problem

•

Easy

Kristina Rodriguez

Used 1+ times

FREE Resource

Student preview

33 questions

Show all answers

1.

OPEN ENDED QUESTION

5 mins • 1 pt

What is a Root #?

Evaluate responses using AI:

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does popularity represent?

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3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is OEM$?

Price offered from Original Manufacturer

A mathematical formula for calculating a price

A way to describe a product quality

A certain type of vendor

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is Net $?

A final price for a product

A vendor's price for a product

The original cost from a manufacturer

A secondary payment method

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What is FOB?

A shipping method

A certain vendor

The price we purchase from the vendor

The final price for a product

6.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the difference between CAPA and non-CAPA?

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OFF

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

What does the PL column signify in the quote app?

Packing List

Price List

Purchase List

Purchased List

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Quiz on Purchasing and Logistics

33 questions

What is a Root #?

What does popularity represent?

What is OEM$?

What is Net $?

What is FOB?

What is the difference between CAPA and non-CAPA?

What does the PL column signify in the quote app?

What does the PO column signify in the quote app?

What does the Reviewed column signify in the quote app?

What are the two steps that need to be taken in order for an item to go on packing list?

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