An interacting structure of people, equipment, activities, and controls that assists in the preparation of internal and external reports is known as??
Purchasing Process
100
Wrongful or criminal deception intended to result in financial or personal gain is known as what?
Fraud
100
An authorized individual, or several individuals, such as cost center or department management, should approve ________ to ensure that the purchase is within an applicable budget and that the purchase is desirable.
Purchase Requisitions
100
The ______ model includes five steps: planning, sourcing, making, delivering, and returning.
Supply-Chain operations reference model (SCOR)
100
The multiplication of orders up the supply chain can cause wild demand and supply fluctuations known as the _______.
Bullwhip effect
200
The ________ usually performs major buying activities as well as the required administrative duties of running a department.
Purchasing Manager
200
A vendor promises to give a customer 10% of there profits for doing business with them. This is known as what type of fraud?
Kickback
200
Before executing a purchase, _______ should be compared to determine that they are the optimal choice for the purchase.
Prospective Vendors
200
This features retailer and manufacturer forecast demand and schedule production jointly.
Collaborative forecasting and replenishment (CFAR)
200
_________ is a technique for ranking items in a group based on the output of the items.
ABC analysis
300
The _______ is responsible for receiving incoming goods, signing the bill of lading presented by the carrier or the supplier in connection with the shipment, reporting the receipt of goods, and making prompt transfer of goods to the appropriate warehouse or department.
Receiving supervisor
300
In purchasing activities, ___________ often arise in situations where and employee with the authority to make purchases for an organization has some kind of financial stake in a company that sells to the organization.
Conflicts of interest
300
Before being issued, the appropriate personnel should approve _________ to ensure that an appropriate supplier has been selected and that the correct goods and services are being purchased.
Purchase orders
300
The vendor replenishes standard merchandise, and the buyer manages the replenishment of promotion merchandise. Which collaboration type is this?
Co-managed inventory
300
It is not uncommon for the copy of the PO available for the receiving department to be a __________, meaning that certain data is blanked out.
Blind copy
400
________ helps an organization execute the steps in the supply chain.
Supply chain management (SCM) software
400
Darleen A. Druyin brokened a deal with which company while working for the Air force?
Boeing
400
DAILY DOUBLE!!!
Approving purchase requisitions achieves which control goal?
Input Validity
400
_______________ is a system for sending and receiving data using wireless technology. Many companies can use this to check inventory.
Radio-Frequency identification (RFID)
400
DAILY DOUBLE!!!
This is the document used to record merchandise receipts.
Receiving report
500
Which type of supply chain collaboration techniques includes the vendor obtaining the buyer’s current sales, demand, and inventory data in real time and replenishing the buyer’s inventory?
Continuous Replenishment (CRP) or Vendor Managed Inventory (VMI)
500
What was the name of the governmental branch that was bribed by contractors.
Fuerth
500
_________ goods ensure that the correct goods are received in acceptable condition.
Inspecting
500
Many companies prefer to use ________ as opposed to RFID because they may believe it's cheaper.
Bar codes
500
Some organizations us an _______________ to acknowledge formally the satisfactory completion of a service contract.