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You are working with a vendor who supplies you with apparel and sporting good products. You are negotiating a new purchase agreement with the vendor.The agreement terms you have arranged with the vendor are for a 3 percent discount on all of the sporting good products when the order volume over the next month is at least 50,000 USD.Which commitment type should you use?
A. product quantity
B. product value
C. product category value
D. value
Answer: D
You are the purchasing administrator for your company. You need to create a purchasing policy.Which two policy rules should be selected to manage employee access to specific categories in the procurement category hierarchy and to define rules that control the requisition creation process? Each correct answer presents part of the solution.
A. Category access policy rule.
B. Replenishment category access policy rule.
C. Requisition purpose rule
D. Purchase requisition control rule
Answer: A,D
A matching discrepancy exceeds a tolerance percentage or amount, and match variance icons are displayed in the Vendor invoice form. What are the three types of matching that can be performed in this scenario? Each correct answer presents part of the solution.
A. two-way matching
B. three-way matching
C. cash discount matching
D. invoice totals matching
E. terms of payment patching
Answer: A,B,D
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