3.3 Storerooms

Question 1

What is the Storerooms application used for? (Key usages)

Answer 1

• Add and maintain information about Storeroom locations
• Viewing the items stocked within a Storeroom

Question 2

Additional usages of the Storerooms application

Answer 2

• Associate the general ledger accounts within each storeroom
• Flag the storeroom to function as an internal supplier to other storerooms
• Lead time calculation for the items in the storeroom can also be defined.

Question 3

Where is the ignore storeroom availability setting defined?

Answer 3

Organizations application

Question 4

Select Reorder Storeroom

Answer 4

Allows the user to specify for all the items in this storeroom to be reordered from only 1 storeroom.

Question 5

What can be specified in the select reorder storeroom dialog?

Answer 5

Reorder storeroom
Reorder site

Question 6

Benefit of selecting a reorder storeroom?

Answer 6

Reorder settings do not have to be manually selected for each item in the current storeroom

Question 7

Creating storeroom hierarchies

Answer 7

Specify parent storerooms

Question 8

Requirements for parent storerooms

Answer 8

• Same organization and site as the current storeroom
• Cannot be a child of the current storeroom

Question 9

Usefulness of storeroom hierarchies

Answer 9

Can apply a change to multiple storerooms at once, such as adding items to multiple storerooms.

Question 10

Control accounts in the Storerooms application

Answer 10

• General Ledger account
• Tool control account

Question 11

Usage of control accounts in Storerooms application

Answer 11

used for items and tools

Question 12

General Ledger account in Storerooms application

Answer 12

Control account for inventory items

Question 13

Tool control account in Storerooms application

Answer 13

Applies only to Tools

Question 14

What is specified when a storeroom is created?

Answer 14

General Ledger account
Control account

Question 15

What are General Ledger accounts used for, for a given storeroom location?

Answer 15

Track financial transactions

Question 16

What does account number default to, when an item is added to a storeroom (added into inventory)?

Answer 16

Inventory record that was created

Question 17

What does account number default to, when a tool is added to a storeroom (as a stocked tool)?

Answer 17

Stocked tool record that is created

Question 18

Lead Time

Answer 18

time between when an item is ordered and when it is received

Question 19

When is lead time updated on an inventory record?

Answer 19

When an item is received

Question 20

What is used to update lead time on an inventory record?

Answer 20

Lead time calculation

Question 21

Lead time usage

Answer 21

Factor to analyze vendors and determine the time to reorder items in the reorder routine

Question 22

Recent Lead Time Weight in %

Answer 22

For a given storeroom, this is the weight in percent given to the most recent receipt of an order

Question 23

How is Recent Lead Time Weight in % used?

Answer 23

The most recent record can be given more or less importance in the calculation of lead time

Question 24

What is the remaining percentage used for (Recent Lead Time Weight in %)?

Answer 24

Assigned automatically to the original lead time, or the lead time that is currently set for the inventory item