1Z0-343 Online Practice Questions and Answers

When setting up Kit Items in E1, how does the system store those items?

A. Inventory for Kit Parents Items is stored in a dedicated Kit's location.

B. The system stores the parent items in the F41021 file and adds text lines for the components during sales order entry.

C. The system does not carry inventory for the parent item; the parent item simply represents all components bundled together as an assembled item and only components are stored in the system.

D. The system creates a Work Order for the Parent item and when the work order is completed, the inventory is updated to a specific location where the sales order can be hard committed.

A customer's credit limit has been established at $10,000 and current outstanding A/R is $7,000. The customer has active, unshipped sales orders with request dates that are two months in the future and total $3,000. The customer calls today with a $500 order to be shipped immediately.

What happens to the order?

A. The order goes on hold, because credit checking is performed for the total exposure, which includes open orders regardless of their request dates.

B. The order does not go on hold, because credit checking only compares the dollar value for open orders against the credit limit.

C. The order does not go on hold. The system automatically determines that the request date of the new order comes before the request dates of the existing open orders. The system will allow the $500 order to be processed, and put a credit hold on the order with the request date furthest in the future.

D. The order goes on hold, because the total A/R amount is greater than 5% of the total of A/R and open orders.

E. The order does not go on hold, because the actual outstanding A/R has not exceeded the credit limit, and the $500 order would still cause the total exposure to be less than $10,000.

A client transfers inventory between warehouses within the same company. Both warehouses carry the inventory at the same cost. In the journal entries for the transfer, the client finds that the batch amount is blank.

Identify the correct reason why this happened.

A. The client should reverse the transfer transaction, create an issue to remove quantity from the old location, and then create an adjustment to add quantity to the new location.

B. The AAIs are set up incorrectly. Correct the AAIs so that the journal entry amount will appear.

C. No correction is necessary. A batch with a blank amount is correct.

D. The cost is incorrect for one of the warehouses. The client should reverse the transfer, verify the cost, and re-enter the transaction.

E. The client should carry the inventory cost at different amounts for each warehouse. This approach ensures that a variance journal entry is created.

Your client wants to set up a process for customers who were accidentally sent the wrong item.

What is the correct way to do this?

A. Create a sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and create a negative purchase order to receive the incorrectly shipped item.

B. Set up the Returned Material Authorization process to create a sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and purchase order for the incorrectly shipped item.

C. Create a no-charge sales order for the replacement item, create a Credit Order for the incorrectly shipped item, and perform an Inventory Adjustment when the incorrectly shipped items arrive.

D. Create a sales order for the replacement item and make journal entries to write off the incorrectly shipped.

Your client is concerned that after the most recent update, commitment information in the Item Availability program does not reflect the correct amounts for sales orders.

Running which report corrects any commitment issues for any open sales orders?

A. the Inventory G/L Post report

B. the Repost Active Sales Order report

C. the Pick Slip report to pick any eligible sales orders

D. the Item Balance/Ledger Integrity report

You have enabled the Receipt Routing program in processing options of the Receipts program (P4312). No route code is in effect for the supplier/item relationship.

What happens when you enter receipts?

A. The system will deliver a hard error, which will prevent processing the receipt.

B. The system will use the standard Route Code for the Branch/Plant as the default.

C. The system will process the receipt normally, without accessing the Receipt Routing program.

D. The system will warn that the Receipt Routing program has not been properly set up.

E. The system will process the receipt without adjustments to on-hand quantities.

Your customer has an existing supplier catalog set up in their systems that uses U.S. dollars as the currency. They would like to display this same data in euros.

What should you do to accomplish this?

A. Use Supplier/Item Relationship (P43090) to update all the prices displayed based on the currency and exchange rate entered.

B. Use Convert Supplier Currency Codes (R41061A) to update all the prices based on the currency and exchange rate entered in the processing options.

C. Use Supplier/Item Relationship (P43090) to update all the prices displayed based on the currency entered and the exchange rate tables.

D. Use Generate Purchase Price by Currency (R4106101) to update all the prices based on the currency and exchange rate entered in the processing options.

E. Use Supplier Catalog Maintenance (P41061) to update all the prices displayed based on the currency and exchange rate entered.

If your customer requires lots to be restricted to one item and one branch/plant, where would you find the required settings for this?

A. System Constants

B. Item Availability Definition

C. Application Constants

D. Branch/Plant Constants

Your client has some high value customers that they want to make sure to get any inventory that comes available after a backorder.

What is the correct way to make sure this happens?

A. Create an alternative version of the Sales Order Entry program to bypass availability checking.

B. Add a priority code in the Customer Billing Instructions. Then create an alternative version of the Backorder Release and Report program to process priority codes then by request date.

C. Create a Query on the Customer Service program to monitor orders on backorder for those special clients and then the Release Backorders ?Online program to allocate the inventory.

D. For their orders on backorder, change the request date to one far in the past so that when the Backorder Release and Report program runs, it allocates the older orders first.

Which report will let you view available-to-promise (ATP) inventory levels for a specific time period?

A. The Inventory Journal Report (R41550)

B. The Item Master Directory Report (R41560)

C. The Supply/Demand Report (R4051)

D. The Item Ledger Detail Report (R41540)

E. The Inventory Turn Report (R41116)