True or False: The Acquisition sub-process includes Vendor Master Data, Material Master Data, Procurement with Logistics, and Accounts Payable.

Study for the GFEBS Acquisition Process L250E Test. Utilize flashcards and multiple-choice questions, complete with hints and explanations to ensure you're fully prepared. Excel in your exam!

The assertion that the Acquisition sub-process includes Vendor Master Data, Material Master Data, Procurement with Logistics, and Accounts Payable is categorized as false. The correct understanding of the Acquisition sub-process in a procurement context typically focuses on certain core activities specifically related to acquiring goods and services, such as initiating purchase requests, supplier selection, contract management, and order processing.

Although Vendor Master Data and Material Master Data play crucial roles in procurement, they are usually considered part of broader data management efforts rather than specific to the Acquisition sub-process. Additionally, while Procurement with Logistics and Accounts Payable are essential functions linked with the procurement lifecycle, they encompass wider aspects of supply chain operations and financial processes that extend beyond the Acquisition scope itself.

Thus, the correct categorization of these elements leads to concluding that not all listed components are exclusively part of the Acquisition sub-process, making the statement false.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy