HIS LESSON 10 PART 1

Question 1

is an approach for planning, organizing and controlling all those activities principally concerned with the flow of materials into an organization.

Answer 1

MATERIALS MANAGEMENT SYSTEM (MMS)

Question 2

what are the objectives of materials management system?

Answer 2

• Of the RIGHT quality
• In the RIGHT quantity
• At the RIGHT time
• From the RIGHT source
• At the RIGHT price

Question 3

what are the functions of mms?

Answer 3

purchasing
accounting
inventory management
patient supply charges

Question 4

what are the benefits of MMS?

Answer 4

enhanced productivity
improved delivery performance
excellent ROI
The bigger picture
streamlining of the workflow processes
better visibility
reduced risk for human errors

Question 5

maintain a smooth and continuous flow of goods from the company

Answer 5

improved delivery performance

Question 6

MOST IMPORTANT benefit

Answer 6

better visbility

Question 7

most obvious advantage

Answer 7

automation, streamlining of the workflow

Question 8

most processes are completed automatically, there is no risk of human error.

Answer 8

reduced risk of human error

Question 9

part of the benefit of the MMS.

Answer 9

excellent ROI

Question 10

allows for the advanced analytics of the supply chain

Answer 10

bigger picture

Question 11

provides a bird’s eye view on the business

Answer 11

bigger picture

Question 12

makes the life of employee’s life easier.

Answer 12

enhanced productivity

Question 13

help perform the routine tasks of our employees or staff much faster and more efficiently.

Answer 13

streamlining of the workflow

Question 14

what are the MMS procedures?

Answer 14

purchasing, inventory, issuing/costing

Question 15

state the flow of purchasing

Answer 15

purchase request
approval request
purchase order

Question 16

Method used to approve anything from documents, invoices, budgets, and purchase orders to a new process that a company wants to institute.

Answer 16

approval request

Question 17

where does the approval process start from?

Answer 17

from the originator

Question 18

Legally binding contract which shows that the seller or supplier has already accepted the order.

Answer 18

purchase order

Question 19

it is where the purchase requisition form must be obtained/on-hand.

Answer 19

purchase request

Question 20

where the electronic RFI (Request for Information) or RFP (Request for Proposal) E-Sourcing will then be procured or processed upon approval.

Answer 20

request of approval

Question 21

in the request of approval what will then be procured or processed upon approval?

Answer 21

RFP (request for proposal) or RFI (request for information)