Governance
SMA policies and procedures can be found in....
Where is the Lotus Notes Quality Database?
Inventory
Direct Manufacturing Expenses
Paint/Coating Expenses,
Packaging & Shipping Supplies
What are tax-exempt transactions?
Net 30 from invoice date
What are default or standard payment terms for SMA?
Lovejoy
Toshiba
NTN
Paint Supply Co.
What are vendors with locked contract pricing?
2 Days
What is the number of days allowed to review and approve invoices once notified by Docuware?
1. Non-Direct purchases or Credit Card purchases under $100.00
2. P.O. for services may be created after the service has been performed (i.e. calibration)
What are exceptions to general purchase order issuance rules?
Material, labor, and freight/and special handling costs are to be included on separate lines of purchase order because of ________
What is different tax treatment?
The Sumitomo website
What is the location of SMA's Terms of Sale and Terms of Purchase?
F:\SMA\Purchasing\Supply Agreements
What is the location of vendor supply agreements and price lists?
One-time purchase and the supplier will NOT be set up in the system
OR
The supplier will not accept any other form of payment
When is it acceptable to use a procurement card (credit card)?
Control Spend
Increase Profit
Ensure Quality
Ensure Efficiency
What are examples as to why SMA's Policies and Procedures are important?
What SSP governs capital expenditure requests?
What is SSP 327002?
1. Prepaid
2. Collect
3. Third Party
4. Prepaid & Add
What are freight terms?
Impact: Vendor could invoice at higher price than agreed upon.
Impact: Deviations will hit the Purchase Price Variance Report.
Impact: Deviations could cause accounting discrepancies.
Why it is important to negotiate pricing and/or supply agreements?
SSP-206001
What is the standard approval policy document number?