Oracle Oracle Procurement Cloud 1Z0-1065-21 Questions & Answers

• Question 41:

  Identify two tasks that can be performed in the Functional Setup Manager by a customer when configuring setup data. (Choose two.)

  A. setting up and maintaining data by means of the Manage Admin menu

  B. importing and exporting data between instances

  C. configuring Oracle CloudApplications to match business needs

  D. collecting data to populate the order orchestration and planning data repository

  Correct Answer: BC

  Configure Oracle Fusion applications to match your business needs. Export and import data from one instance toanother for rapid setup.

• Question 42:

  Identify two features of the price break functionality provided in Blanket Purchase Agreement (BPA) document types. (Choose two.)

  A. payment method, which supports multiple-installment payment goods or services

  B. condition-dependent reductions in price

  C. change orders affecting pricing of specific lines

  D. price increase request from a supplier through the supplier portal

  E. means to provide price discounts

  Correct Answer: BD

  Price breaks are reductions in the price of an item depending on certain conditions such as purchasing in bulk or from acertain location. The Price Break region of the Lines page enables you to enter price break information for blanket purchase agreement lines. As a supplier, you can also terminate an existing contract to supply items by canceling document headers, lines,or schedules. Such cancellation request requires review and approval by the buying organization. References: https://docs.oracle.com/cd/E48434_01/doc.1118/e49610/F1007480AN1F638.htm

• Question 43:

  During a Procurement Contract implementation, a customer would like to set up their own line type for

  buying services. They intend to use this line type for negotiating terms for future purchase of services and

  do not have a defined scope of work.

  Identify the source that the customer needs to select while creating the line type to meet this requirement.

  A. Free form, buy

  B. Item, buy

  C. Free form, buy agreement

  D. Item, buy agreement

  Correct Answer: B

  Item, buy: Enables entry of inventory items. You can create purchase orders in the purchasing application from lines of this type.

• Question 44:

  Your customer is a global company and has multiple legal entities across countries:

  Vision China (Legal Entity) 1) has a China Distribution Business Unit (BU). Vision US (Legal Entity) 2) has

  a US Distribution BU.

  They have the following requirements:

  1.

  To make purchases from or sell to the other legal entities using intercompany transaction

  2.

  To automatically determine the sold-to legal entity on a Purchase Order (PO) by using Supply Chain Financial Orchestration (SFO)

  Identify three applicable setups in Oracle Procurement Cloud to fulfill these requirements.

  A. Set up the Default Legal Entity on the Configure Requisitioning Business Process page.

  B. Define a primary route on financial orchestration flow to enforce the sold-to legal entity on a PO.

  C. Set up the "Multiple Legal Entities on Order" value to "Allow" on the Configure Requisitioning Business Process page.

  D. Create Profit Center BU to Party Relationships.

  E. Set up the default procurement business unit for Default Legal Entity in Manage Purchasing Profile Options.

  Correct Answer: BDE

  How the Sold-To Legal Entity Is Determined

  The following steps are performed in and by the application to determine the sold-to legal entity on a

  purchase order.

  Here is a simplified example of how that might work:

  References:

  https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_F72B15B6E4B74B74E043B69BF40A0BA0

• Question 45:

  You want Supplier Accounts to be created by external supplier users in Supplier Portal. Which Supplier Registration option would allow this?

  A. Global Supplier Registration

  B. Discrete Supplier Registration

  C. Internal Supplier Registration

  D. External Supplier Registration

  Correct Answer: D

• Question 46:

  An organization has been receiving incomplete Supplier Profile Data during the supplier onboarding and

  qualification process.

  Identify the way to ensure that the required Supplier Profile data is entered by a supplier during the

  qualification process.

  A. Create an initiative with questions classified by Standards Organization.

  B. Create an initiative with questions mapped to supplier attributes.

  C. Create an initiative with questions Responder Type is internal.

  D. Create an initiative with questions classified by Subject.

  Correct Answer: B

• Question 47:

  An automobile parts manufacturer has decided to implement only the Cloud Purchasing product from the Oracle Procurement Cloud pillar. Which setup component will not be required for this implementation?

  A. Purchasing Line Types

  B. Document Styles

  C. Procurement Business Function

  D. Negotiation template

  E. Procurement Agents

  Correct Answer: D

  References: https://docs.oracle.com/cloud/farel8/procurementcs_gs/FASUP/F1175423AN1242E.htm

• Question 48:

  Your customer frequently orders a specific item from a selected list of suppliers. Some of the suppliers provide the item at a negotiated price, whereas other suppliers change the price throughout the year. How should you set up this item in Oracle Procurement Cloud to address both requirements?

  A. Create a Planned Purchase Order for the fixed price supplier and do not create any kind of agreement for the varied price supplier.

  B. Create a Blanket Purchase Agreement for the negotiated price supplier and a Contract Purchase Agreement for the varied price supplier.

  C. Create a Contract Purchase Agreement for the varied price supplier and do not create any kind of agreement for the fixed price supplier.

  D. Create a Contract Purchase Agreement for the fixed price supplier and a Blanket Purchase Agreement for the varied price supplier.

  Correct Answer: B

• Question 49:

  What is the earliest point that funds can be reserved for requisitions, during implementation and funds reservation for Budgetary Control?

  A. Funds can be reserved upon approval of the requisition.

  B. Funds can be reserved upon approval of the purchase order.

  C. Funds can be reserved upon creation of the purchase order.

  D. Funds can be reserved upon submission of the requisition.

  Correct Answer: D

• Question 50:

  A replenishment requisition is created with the following details and imported through an open interface in Oracle Procurement Cloud: Requisition date – 10/10/2012 (DD/MM/YYYY) Requisition Business Unit (BU) – BU1 Item – AS16168 Identify the Blanket Purchase Agreement that the application would select to automatically create a Purchase Order.

  A. BPA: 9938 Type: Global BPA Effective Dates: 01/09/2012?1/08/2013 Item: AS16168 BU: All Automatically generate orders flag: Yes

  B. BPA: 8787 Type: Local BPA Effective Dates: 01/03/2012?1/12/2013

  Item: AS16168

  BU: BU2

  Automatically generate orders flag: No

  C. BPA: 8837 Type: Global BPA Effective Dates: 01/06/2012?1/07/2013 Item: AS16167 BU: BU1 Automatically generate orders flag: Yes

  D. BPA: 9986 Type: Local BPA Effective Dates: 01/08/2012?1/10/2013 Item: AS16168 BU: BU1 Automatically generate orders flag: Yes

  E. BPA: 7998 Type: Local BPA Effective Dates: 01/01/2012?0/09/2012 Item: AS16168 BU: BU1 Automatically generate orders flag: Yes

  Correct Answer: C