Implement Procurement and Sourcing MB-330 Practice Questions (Page 1)

Questions 1–5

1. 1application · medium

   Fabrikam Inc. needs to obtain competitive bids for a one-time purchase of specialized equipment. After the bidding process, they want to create a purchase order that reflects the winning vendor's quoted price and terms. The company does not expect to buy this equipment again. What should you do to minimize manual data entry and ensure the PO uses the quoted terms?

   • ACreate a purchase agreement with the winning vendor and then generate a purchase order from that agreement.
   • BAccept the vendor's reply on the RFQ and then generate a purchase order from the accepted reply.
   • CCreate a new vendor record for the winning vendor and then manually enter the RFQ details into the purchase order.
   • DManually create a purchase order and enter the quoted price from the vendor's RFQ response.
   Reveal Solution Discussion Select an answer first
2. 2foundation · easy

   In Dynamics 365 Supply Chain Management, which feature is used to manage incentive programs where a vendor provides a refund or discount after a certain purchase volume is reached?

   • APurchase agreements
   • BCharge codes
   • CProcurement categories
   • DVendor rebates
   Reveal Solution Discussion Select an answer first
4. 3application · medium

   A company is onboarding a new vendor that supplies both raw materials and maintenance services. The purchasing team wants to ensure that the vendor can be used for both types of purchases, and that the correct procurement category is applied automatically when creating purchase orders. What should you do?

   • ACreate the vendor record and assign the vendor to the appropriate procurement categories for materials and services.
   • BSet the vendor's default category in the vendor master record.
   • CCreate a purchase agreement for each category and link them to the vendor.
   • DCreate two vendor records: one for materials and one for services.
   Reveal Solution Discussion Select an answer first
5. 4application · medium

   A manufacturing company uses consignment inventory for a critical raw material. The vendor replenishes the stock at the company's warehouse, but ownership transfers only when the material is consumed in production. You need to ensure that the inventory is tracked as vendor-owned and that the financial obligation is recognized only upon consumption. What should you configure?

   • AUse a transfer order to move the material from the vendor's warehouse to the company's warehouse.
   • BCreate a standard purchase order for the full quantity and post a product receipt immediately.
   • CSet up the vendor and item for consignment, create a consignment replenishment order, and use a purchase order to transfer ownership when the material is consumed.
   • DConfigure a vendor rebate agreement to defer the cost until consumption.
   Reveal Solution Discussion Select an answer first
6. 5foundation · easy

   Which module in Dynamics 365 Supply Chain Management is used to create and maintain vendor records?

   • AAccounts payable
   • BInventory management
   • CProduction control
   • DSales and marketing
   Reveal Solution Discussion Select an answer first