What is the purpose of purchasing policies in Dynamics 365 Supply Chain Management?

To enforce procurement rules and guidelines for users and processes

To track the physical inventory of items

To define the pricing terms for a vendor

A company has multiple legal entities. In one legal entity, purchase requisitions for capital equipment must be approved by the CFO, while in another legal entity, they only need the department manager's approval. You need to enforce these different approval requirements. What should you configure?

Set up vendor collaboration so that vendors approve the requisitions.

Create separate purchasing policies for each legal entity, each with its own purchase requisition workflow.

Create a single purchasing policy that applies to all legal entities and set the workflow to require both approvals.

Configure the approval workflow to dynamically route based on the user's department.

What is the purpose of a request for quotation (RFQ) in Dynamics 365 Supply Chain Management?

To confirm the receipt of goods from a vendor

To record the internal approval of a purchase request

To solicit bids from multiple vendors for goods or services

To authorize payment to a vendor for delivered goods

A company orders 100 units of an item, but the vendor ships 105 units. The purchase order does not have overdelivery tolerance configured. The receiving clerk needs to record the receipt of all 105 units. What should the receiving clerk do?

Update the purchase order line quantity to 105 and then post the product receipt for 105 units.

Return the 5 extra units to the vendor without recording them.

Create a new purchase order for the 5 extra units and post a receipt for that order.

Post the product receipt for 100 units and ignore the extra 5 units.

Microsoft Certified:Dynamics 365 Supply Chain Management Functional Consultant Associate

Domain 3Objective 1

Implement Procurement and Sourcing MB-330 Practice Questions (Page 11)

Part of the Implement and manage supply chain processes domain, which accounts for 15–20% of the MB-330 exam. Microsoft does not publish an official question count, but from its 100-minute exam (~40–65 total, ~6–13 in this domain), expect 2–4 from this objective — we provide 55 practice questions to prepare you well beyond it. (estimate)

55questions here

11free pages

15concepts

15–20%of the exam

Questions 51–55

51foundation · easy
What is the purpose of purchasing policies in Dynamics 365 Supply Chain Management?
Select an answer first
52application · medium
A company has multiple legal entities. In one legal entity, purchase requisitions for capital equipment must be approved by the CFO, while in another legal entity, they only need the department manager's approval. You need to enforce these different approval requirements. What should you configure?
Select an answer first
53foundation · easy
In Dynamics 365 Supply Chain Management, which feature is used to enforce rules such as approval limits and vendor selection for purchase requisitions?
Select an answer first
54foundation · easy
What is the purpose of a request for quotation (RFQ) in Dynamics 365 Supply Chain Management?
Select an answer first
55application · medium
A company orders 100 units of an item, but the vendor ships 105 units. The purchase order does not have overdelivery tolerance configured. The receiving clerk needs to record the receipt of all 105 units. What should the receiving clerk do?
Select an answer first

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