Question
Review the PP exercises. Identify at least 2 pairs of exercises (with reference to the exercise numbers) that are incompatible in a real business setting
Review the PP exercises. Identify at least 2 pairs of exercises (with reference to the exercise numbers) that are incompatible in a real business setting as they would violate Segregation of Duties. Briefly explain why using custody, authorization, recording. (Example: PP12 involves custody of inventory goods received from production and PP13 is recording the settlement of goods receipt which creates the JE)
Exercise PP01: Create MRP Views for Raw Materials
Extend or expand the raw materials created in MM to include specific views of information required for materials requirement planning for production.
Exercise PP02: Create MRP Views for Trading Goods
Expand the trading goods created in MM to include specific views of information required for materials requirement planning for production.
Exercise PP03: Create MRP & Work Scheduling Views for Finished PRoducts
Expand the finished products created in MM to include specific views of information required for materials requirement planning for production.
EXErcise PP04: Create Bills of Material
The bill of material (BOM) tells the system what components are needed to create the end product (in this case, the Classic Rocker).
Exercise PP05: Create a Routing for Finished PRoducts
A routing is a description of each production operation and the order in which they are carried out to produce a product. Routings also contains details about the work centers at which the work is carried out.
Exercise PP06: Display List of Routings
Use this reporting function to confirm creation of your routings and the material allocations.
Exercise pp07: Run MRP Single Item, Multi Level
Allow the system to plan the availability and requirements for the rocking chairs and all the components.
Exercise pp08: Display Stock/Requirements List
The Stock/requirements list is a dynamic list. It will change whenever a transaction occurs.
Exercise pp09: Conversion - Planned Order to Production order
Accept the MRP recommendation to satisfy the safety stock requirement by converting the planned order to a production order.
Exercise pp10: Goods Issue
Issue the required materials on the BOM to the production order.
Exercise pp11: Enter Completion Confirmation of Production
This exercise tells the system the actual quantity of finished product that was produced.
Exercise pp12: Goods Receipt of Production Order
Move the new finished product from the production line into inventory storage.
Exercise pp13: Settle Costs of Production Order
This exercise moves any production cost differences to the appropriate general ledger accounts.
EXERCISE PP14: REVIEW THE SettleMENT of Costs Of Production Order
View the recording of the inventory produced to the finished products inventory account in the general ledger.
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