MATERIALS MANAGEMENT SYSTEM

Question 1

MATERIALS MANAGEMENT SYSTEM GOAL

Answer 1

To ensure that services are rendered successfully from one source to an end user.

Question 2

manage functions like purchasing (a process of procuring
something), accounting, inventory management, and patient supply charges.

Answer 2

Materials Management Information Systems (1996)

Question 3

the return of damaged goods.

Answer 3

Item Indents and Issues

Question 5

6 Purchasing Flow

Answer 5

1. Purchase Request
2. Purchase Quotation
3. Purchase Order
4. Good Receive Purchase Order
5. Account Payable Invoice
6. Outgoing Payment

Question 6

A document containing specifications, delivery date, material origin, calibration certificate, warranty (parts and services), and control number.

Answer 6

Purchase Request

Question 7

generally is a document which is made by a user to notify the purchasing department regarding needed items and services. It is also the first step in the process of purchasing. This is used internally to identify a need for item.

Answer 7

Purchase Request

Question 8

Pricing for the requested materials.

Answer 8

Purchase Quotation

Question 9

Allows one to track the vendor quotations for items.

Answer 9

Purchase Quotation

Question 10

Confirmation of requested materials within a nominated supplier

Answer 10

Purchase Order

Question 11

4th step of Purchasing

Answer 11

Good Receive Purchase Order

Question 12

May be a partial or temporary delivery receipt if incomplete

Answer 12

Account Payable Invoice

Question 13

where accounting appears

Answer 13

Outgoing Payment

Question 14

An important part of refining the quality of healthcare services since the lives of people are on thr line and medical costs are increasing

Answer 14

Inventory Control

Question 15

He states that the ___________ is one of the biggest expenses for most medical institutions.

Answer 15

Johnston (2014) | Inventory

Question 16

it plays an important part in refining the quality of healthcare services.

Answer 16

Inventory

Question 17

4 Strategies for Improving Inventory Control:

Answer 17

1. Making Sure shippers are accurate / Ensuring Shipment Alignment (Delivery Terms)
2. Aligning with Scales Projection (Highly Vulnerabke to innacuracy)
3. Compliance with regulations
4. Establishing Buying Cycles

Question 18

Minimum quantity of an item that a company has in stock

Answer 18

Reorder Level

Question 19

Representative of a stock level that prompts a reorder

Answer 19

Minimun Value

Question 20

Representative of a new target stock level that follows the reorder.

Answer 20

Maximum Value

Question 21

the main difference between the minimum and maximum values

Answer 21

Economic Order Quantity

Question 22

the starting point of a sale of purchase process.

Answer 22

Enquiries

Question 23

Consists of verious pieces of vital information of a requirement towards a sale/purchase.

Answer 23

Quotation

Question 24

A stated intention, either spoken or written, to engage in a commercial transaction for specific products or services.

Answer 24

Order

Question 25

It expresses the intention to buy and is called a

Answer 25

Purchase Order

Question 26

It expresses the intetion to sell and is referred to as a

Answer 26

Sales Order

Question 27

A commercial document issued by a seller to the buyer, indicating the products, quantities and agreed prices for products or services the seller has provided the buyer.

Answer 27

Bill or Invoice

Question 28

A statutory requirements that should be followed by the supplier to bid or sell in an institution.

Answer 28

Documents

Question 29

Purchasing request, purchasing order, sales order, sales invoice, delivery receipt, guidelines.

Answer 29

Well documented

Question 30

A document for requesting prices and delivery information from a vendor before the purchase order.

Answer 30

Purchase Quotation

Question 31

Comparison of offers to pick the appropriate vendor and compare offers in orders to pick then appropriate vendor for the purchase scenario.

Answer 31

Purchase Quotation Report

Question 32

Vendors from whom inventory items are usually purchased - On time performance - Reasonable cost - High Quality Products and Services - Fully Licensed - Bonded and Insured - Good Business Practices

Answer 32

Preferred Vendors

Question 33

A document notifying the purchasing department that certain items ir services must be replenished

Answer 33

Purchase Request

Question 34

A legally Binding contract thatcshows the seller has already accepted the order issued by the buyer.

Answer 34

Purchase Order

Question 35

A document which records a business transaction between the buyer and the seller.

Answer 35

Purchase Order

Question 36

A legally binding contract that shows that the seller has already accepted the order issued by the buyer

Answer 36

Approval Process

Question 37

The person who creates the document, either purchase request or order, is the

Answer 37

Originator

Question 38

An internal request is immediately sent to the first approval stage when the approval peocess is launched

Answer 38

Message/Alerts Overview

Question 39

Receiving And Tracking Items (_______________)

Answer 39

Receiving And Tracking Items (The York College, 2017)

Question 40

Received im the sales invoice with name, signature and date and time received

Answer 40

Signing for Deliveries

Question 41

Peoblem with warranties or damages

Answer 41

Refusing Deliveries

Question 42

List of items being delivered

Answer 42

Record Retention

Question 43

Inspected by a representative from the procurement department.

Answer 43

Inspecting a shipment

Question 44

inform if items are incomplete based on the receipt

Answer 44

Partial Deliveries

Question 45

onitor the mayerial going in and out (serial number)

Answer 45

Tracking of Goods

Question 46

Issues materials to the receiver or consignee

Answer 46

Vendor or Consignor

Question 47

Reaching their expiration dates, some goods can no longer be utilized.

Answer 47

Expired Stock/Inventory