WorksheetsSCM Real Time Process
Total questions: 50
Worksheet time: 25mins
What is the primary purpose of a Vendor Request Form?
To request goods from a supplier
To onboard a new supplier into the company's system
To evaluate supplier performance
To approve a purchase order
Which department typically handles the Vendor Request Form?
Finance
Procurement
Operations
Human Resources
What information is NOT typically required in a Vendor Request Form?
Vendor name and address
Vendor bank details
Vendor's performance history
Vendor's GST number
Who reviews and approves the Vendor Request Form before a vendor can be added to the system?
Finance team
Operations team
Master Data Management (MDM) team
Quality Control team
After approval, what is assigned to a new vendor in the company's system?
Purchase Order
Vendor Code
Goods Receipt Note
Request for Quotation
What is the primary purpose of a Purchase Requisition (PR)?
To request payment from the vendor
To confirm the quality of received goods
To request goods or services within the company
To issue a purchase order to the vendor
Which information is NOT typically included in a Purchase Requisition?
Item description
Quantity required
Vendor details
Required delivery date
Who is usually responsible for approving a Purchase Requisition?
Finance team
Master Data Management team
Department head or manager
Quality Control team
What does a Request for Quotation (RFQ) typically include?
A detailed purchase order
Specifications and terms for the required goods or services
A performance evaluation of the vendor
An invoice for payment
Who is responsible for issuing an RFQ to vendors?
Finance team
Master Data Management team
Procurement team
Operations team
When comparing quotations, which factor is typically NOT considered?
Price
Delivery time
Vendor's company history
Quality
What is the main purpose of a Purchase Order (PO)?
To confirm receipt of goods
To request a quotation from vendors
To formally place an order with a vendor
To evaluate vendor performance
Which document is generated after selecting a vendor from the quotations received?
Purchase Requisition
Request for Quotation
Purchase Order
Goods Receipt Note
What information is typically included in a Purchase Order?
Item description, quantity, and price
Vendor's performance history
Quality inspection results
Goods Receipt Note details
What is the purpose of a Goods Receipt Note (GRN)?
To issue a purchase order
To confirm receipt and condition of goods
To request a quotation from a vendor
To evaluate supplier performance
Who typically performs the quality inspection of received goods?
Finance team
Procurement team
Quality Control team
Operations team
What is typically recorded in a Quality Inspection Report?
Vendor's contact details
Invoice amount
Inspection results and comments
Purchase Order number
What information is typically verified before processing a vendor invoice?
Goods Receipt Note and Purchase Order
Vendor's performance evaluation
Vendor Request Form details
Quality Inspection Report
Who is responsible for processing vendor payments?
Operations team
Procurement team
Finance team
Master Data Management team
What document is used to authorize payment to a vendor?
Purchase Order
Goods Receipt Note
Invoice and Payment Voucher
Request for Quotation
When is the Supplier Performance Evaluation typically conducted?
Before issuing a Purchase Order
After receiving the goods and completing the payment
During the vendor onboarding process
When comparing quotations
Which criteria is NOT typically used in a Supplier Performance Evaluation?
Price
Quality of goods
Vendor's financial stability
Vendor's location
Who typically fills out the Supplier Performance Evaluation Form?
Master Data Management team
Procurement team
Operations team
Finance team
What is the role of the Master Data Management (MDM) team in the supply chain process?
To issue Purchase Orders
To onboard new vendors and manage their data
To perform quality inspections
To evaluate supplier performance
What document initiates the procurement process for a new product or service?
Purchase Requisition
Vendor Request Form
Goods Receipt Note
Request for Quotation
Which process step follows the creation of a Purchase Order?
Vendor performance evaluation
Goods receipt and quality inspection
Issuing an RFQ
Submitting an invoice
What is typically included in the Quotation Comparison Sheet?
Vendor performance history
Details of Purchase Order
Comparison of vendor quotations on price, delivery time, and quality
vendor Request Form
Which document confirms the receipt of goods and their condition?
Purchase Order
Goods Receipt Note
Request for Quotation
Invoice
What is an essential requirement for the MDM team to process a new vendor request?
A completed Request for Quotation
Approved Purchase Order
Completed Vendor Request Form
Goods Receipt Note
Which document is used to formally authorize a purchase with a vendor?
Goods Receipt Note
Purchase Requisition
Request for Quotation
Purchase Order
Which team is responsible for verifying and processing vendor invoices?
Operations team
Finance team
Procurement team
MDM team
What is the purpose of a Request for Quotation (RFQ)?
To confirm the quality of received goods
To issue a Purchase Order
To request pricing and terms from vendors
To onboard a new vendor
What document is used to track and document the delivery of goods from the vendor?
Goods Receipt Note
Purchase Order
Request for Quotation
Invoice
What document follows the Vendor Request Form in the vendor onboarding process?
Purchase Order
Request for Quotation
Goods Receipt Note
Vendor Code Assignment
Which step is directly after issuing a Request for Quotation (RFQ)?
Vendor Request Form
Purchase Requisition
Receipt of Quotations
Goods Receipt Note
What is the primary function of the Supplier Performance Evaluation?
To verify invoice accuracy
To assess and rate the vendor’s performance over time
To initiate a Purchase Requisition
To issue a Purchase Order
Which document ensures that all necessary approvals are obtained before the procurement of goods or services begins?
Vendor Request Form
Purchase Requisition
Goods Receipt Note
Request for Quotation
In which stage of the supply chain process is the "Three-Way Matching" method applied?
Quality Inspection
Purchase Requisition Approval
Payment Processing
Vendor Onboarding
What is the primary objective of conducting supplier audits periodically?
To issue purchase orders more efficiently
To ensure compliance with contractual obligations and quality standards
To negotiate better payment terms
To update the vendor's bank details
Which of the following elements is NOT a part of the Three-Way Matching process?
Purchase Order
Goods Receipt Note
Invoice
Supplier Performance Evaluation
What is the purpose of a Bill of Lading in the supply chain process?
To confirm the receipt of goods by the buyer
To serve as a legal document between the shipper and the carrier detailing the type, quantity, and destination of the goods
To issue a Purchase Order to the vendor
To evaluate vendor performance
What is the primary function of a Delivery Note in the supply chain process?
To document the terms of purchase with the vendor
To confirm the receipt of goods by the buyer
To authorize payment for goods received
To initiate a Purchase Requisition
Which process in the supply chain is used to forecast future demand and plan procurement accordingly?
Goods Receipt
Supplier Performance Evaluation
Demand Planning
Purchase Requisition
What is the main purpose of a Blanket Purchase Order (BPO)?
To authorize a one-time purchase from a vendor
To allow multiple purchases over a period under the same terms and conditions
To request a quotation from multiple vendors
To document the receipt of goods
Which document outlines the key performance indicators (KPIs) and expectations for a vendor’s performance over time?
Purchase Order
Goods Receipt Note
Service Level Agreement (SLA)
Invoice
Which process involves reviewing and approving the necessary documents before placing a purchase order with a vendor?
Three-Way Matching
Procurement Approval Process
Demand Planning
Supplier Performance Evaluation
Which document is often issued when a company needs to make an advance payment to a vendor before goods are received?
Purchase Order
Proforma Invoice
Goods Receipt Note
Request for Quotation
Which document is typically sent to confirm that a Purchase Order has been accepted by the vendor?
Goods Receipt Note
Sales Order Acknowledgment
Request for Quotation
Invoice
Which process involves sending defective products back to the supplier for replacement or credit?
Demand Planning
Reverse Logistics
Outbound Logistics
Supplier Performance Evaluation
Which term describes the practice of keeping just enough inventory on hand to meet immediate production or sales needs, minimizing excess stock?
Bulk Ordering
Just-in-Time (JIT)
Safety Stock Management
Demand Forecasting
