Learning objective Understand and perform a Material Management process.Time $75$ MinMotivation After you have successfully worked through the material management case study, you should be able to solve the following task on your own.$-$cenario A new Chain Lock Chain Lock Security Pro is available on the market and you want to add it to your inventory. This new chain lock with the material number CHSP l#### consists of a higher quality steel than the previous one, but the old chain lock $($CHLK$1$ ###$)$ can still be used as a template because it has the same characteristics. The new material will be created for plant MI$00,$ sales organization UE$00$ and distribution channel WH$.$ Thanks to modern production techniques, the new material CHSP $1$### is also offered more cheaply by the suppliers. Global Bike passes the savings on to its customers. Maintain the chain lock in the distribution with the price condition $50\mathrm{.}00$ USD per chain lock. Request offers for $300$ Chain Locks Security Pro. Based on your inquiry of $300$ pieces the Boomtown Tire & Wheel company makes a new offer to the price of $26\mathrm{.}00$ USD per piece. The Space Bike Composites makes an offer of $25\mathrm{.}50$ USD. Enter both offers, choose the best offer and order the material. Process the inbound delivery and enter the incoming invoice. Then pay the delivery.Advice You can use this case study as guidance since it is based on the same process. However, it is recommended that you solve it without any help in order to test your acquired knowledge.