A purchase requisition can result in multiple purchase orders, and multiple requisitions can be combined into one purchase order. Explain, with examples, the circumstances when these two scenarios are possible.
A purchasing manager receives many requisitions for the same materials and decides to consolidate them into a single purchase order and send the order to one vendor, perhaps to take advantage of volume discounts. In this scenario multiple requisitions are combined into a single purchase order.
Alternatively, a single requisition may include a number of different materials that must be purchased from different vendors. In this case, the purchasing manager creates a different purchase order for each vendor that includes the relevant materials.
A purchase requisition can result in multiple purchase orders, and multiple requisitions can be combined into...
Blanket purchase orders: Select one: O a. are difficult to prepare. O b. reduce costs by decreasing the number of purchase orders issued, cover multiple purchase requirements on one order, and are difficult to prepare. O c. reduce costs by decreasing the number of purchase orders issued and cover multiple purchase requirements on one order. O d. reduce costs by decreasing the number of purchase orders issued. O e. cover multiple purchase requirements on one order.
The best remedy for this problem is to use blanket purchase orders with suppliers that have frequent transactions with Nypro. A blanket purchase order is typically used for items or services that are used repeatedly, and is effective for a fixed period of time. Employing a blanket purchase order makes managing relationships with suppliers with a high quantity of purchase orders easier because it consolidates multiple purchase orders on one blanket purchase order. Clearly, the purpose of blanket purchase orders...
Explain the means by which mutations can result in an increase in complexity and order in species, and supply two examples of how complexity arose to support your answer.
5-14. The Garcia-Lanoue Company produces indus- trial goods. The company receives purchase orders from its customers and ships goods accordingly. Assuming that the following condi- tions apply, develop a document flowchart for this company: a. The company receives two copies of every purchase order from its customers. b. Upon receipt of the purchase orders, the company ships the goods ordered. One copy of the purchase order is returned to the cus- tomer with the order, and the other copy goes...
Please help me answer these question, thank you ! 1. Goods receipt can be only for materials received as stock items. a. True b. False 2. A reservation is a request to deliver a material for a production order, sales order, etc. a.True b. False 3. GR/IR stands for... a. Goods Resale/Inventory Resale b. Goods Receipt/Invoice Receipt c. Goods Restock/Inventory Resale d. General Rebate/Involuntary Rebate 4. The following are all basic Procurement processes except... a. Vendor Selection b. Purchase Requisition...
INTERNAL CONTROL ANALYSIS A company that produces component parts for automobile manufacturers has grown rapidly since its incorporation several years ago. Management is concerned about internal controls over the purchasing cycle because the cost of goods sold percentage has continued to rise even though it seems that many of the raw materials and supplies used in production are costing less. The following description of the purchasing process is available: Pre-numbered purchase requisitions are used to order ...
During ERP simulation game, 1. (4 points) John ran MRP and then created Purchase Order. Why does he need to run MRP first? In other words, what are roles of MRP? (50-70 words) (8 points) After running MRP and creating Purchase Order, John received the message like "No suitable purchase requisitions found". The capacity of supplier is big enough and delivery is fine. He waited for a few of days and tried it again. But, he got the same message....
Case Study 2 Last year the AMS Manufacturing Company purchased over 10 million worth of office equipment under its special ordering system, with individual orders ranging from 55.000 to $30.000 Special orders are for low-volume items that have been included in a department manager's budget. The budget, which limits the types and dollars of office equipment a department head can requisition, is approved at the beginning of the year by the board of directors. The special ordering system functions as...
INTERNAL CONTROL ANALYSIS A company that produces component parts for automobile manufacturers has grown rapidly since its incorporation several years ago. Management is concerned about internal controls over the purchasing cycle because the cost of goods sold percentage has continued to rise even though it seems that many of the raw materials and supplies used in production are costing less. The following description of te purchasing process is available. (1).Pre-numbered purchase requisitions are used to order most goods, except...
When are multiple bonds formed between atoms and why? Multiple bonds between atoms form in order that each atom can achieve an inner-shell electron octet. Multiple bonds between atoms form norder that each atom has more than 4 electrons and in the result this bond will be stronger than single. Multiple bonds form only between large atoms and it leads to the decreasing of electron density at these atoms. Multiple bonds between atoms form in order that each atom can...