Implement Procurement and Sourcing MB-330 Practice Questions (Page 4)

Questions 16–20

1. 16application · medium

   A company wants to allow vendors to confirm purchase orders and update delivery dates directly in the system, reducing the workload on buyers. The vendors should only see their own purchase orders. What should you configure?

   • ACreate a vendor rebate agreement that gives vendors permission to edit purchase orders.
   • BEnable vendor collaboration for the vendors and set up the vendor collaboration workspace to allow PO confirmation and delivery date updates.
   • CSet up a charge code that grants vendor users access to the purchase order form.
   • DConfigure a purchasing policy that allows vendors to submit purchase requisitions.
   Reveal Solution Discussion Select an answer first
2. 17expert · hard

   A company uses consignment inventory for a raw material. The vendor replenishes stock, but the company only pays when the material is used. The company wants to ensure that the consignment stock is not included in their available inventory for planning purposes, but they also need to track the vendor-owned stock separately. What should you configure?

   • AConfigure a vendor rebate agreement to defer the cost until consumption.
   • BCreate a standard purchase order for the consignment stock and post a product receipt to bring it into inventory.
   • CSet up the item as consignment inventory and assign it to a separate inventory status that is excluded from planning.
   • DUse a transfer order to move the consignment stock to a separate warehouse that is not included in planning.
   Reveal Solution Discussion Select an answer first
4. 18application · medium

   A manufacturing company wants to keep a buffer stock of a critical raw material at their facility, but they only want to pay for the material when it is actually consumed in production. The vendor retains ownership until consumption. What should you configure?

   • AConfigure a vendor rebate to refund the cost of unused material at the end of the period.
   • BCreate a standard purchase order for the material and store it in a separate warehouse.
   • CUse a purchase agreement with a payment schedule that defers payment until production.
   • DSet up consignment inventory for the vendor and the item, and create a consignment replenishment order to bring stock into the facility.
   Reveal Solution Discussion Select an answer first
5. 19foundation · easy

   What is a delivery schedule in Dynamics 365 Supply Chain Management?

   • AA way to split a purchase order line into multiple deliveries with different dates and quantities
   • BA way to define the shipping carrier for a purchase order
   • CA way to combine multiple purchase orders into one delivery
   • DA way to track the status of a purchase order
   Reveal Solution Discussion Select an answer first
6. 20application · medium

   A purchasing agent has received a shipment of 50 units against a purchase order for 50 units. The agent needs to record the receipt of the goods and update the inventory. What should the agent do?

   • ARegister the receipt using the inventory journal and then update the purchase order manually.
   • BPost a product receipt for the 50 units, which will update inventory and record the receipt against the purchase order.
   • CConfirm the purchase order and then post a product receipt.
   • DCreate a purchase order for the 50 units and then post a product receipt.
   Reveal Solution Discussion Select an answer first