Oracle 1Z0-1065-23 Online Practice Questions and Exam Preparation

Oracle 1Z0-1065-23 Online Questions & Answers

• Question 41:

  In Sourcing, on which option is the ranking based when you set Overall Ranking Method to "Composite scoring"?

  A. Assess suppliers on both pricing and external cost factors.
  B. Assess suppliers on both pricing and internal cost factors.
  C. Assess suppliers on both pricing and supplier eligibility.
  D. Assess suppliers on both pricing and qualitative aspects.
  D. Assess suppliers on both pricing and qualitative aspects.

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  Explanation/Reference:

  When you set the Overall Ranking Method to Composite scoring, you can assess suppliers on both pricing and qualitative aspects. Qualitative aspects include requirements such as technical capabilities, other commercial considerations, or risk. You can assign weights to requirement sections, including pricing, and calculate a composite score for each supplier based on their response amount and requirement scores. The composite score is a combination of

  the relative score for pricing and the weighted requirement score. The higher the composite score, the higher the overall rank. This way, you can rank suppliers not just based on the best pricing offered, but also on how well they meet your

  requirements.

  References:

  Rank Suppliers Based on Composite Score of Pricing and Requirements1 Oracle Supplier Negotiations2

• Question 42:

  You have the following business requirements when creating an implementation project:

  You want to see the list of offerings and functional areas that are configured for the project.

  You want to identify at which stage all offerings and functional areas are.

  Which two fulfill these requirements?

  A. Select the Enable check box to specify the options.
  B. After creating the implementation project, set the status of tasks to in Progress or Implemented.
  C. Although the offering configuration can be changed at any time, the changes will influence any existing implementation task lists.
  D. Change Provisioned to "No" to specify the offering that you want to select while creating an implementation project.
  E. You need the IT Security role to fulfill these requirements.
  A. Select the Enable check box to specify the options.
  B. After creating the implementation project, set the status of tasks to in Progress or Implemented.

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  Explanation/Reference:

  When you create an implementation project, you can select the offerings and functional areas that you want to implement by selecting the Enable check box for each option. This will generate a list of setup tasks for the selected

  options. You can also see the status of each offering and functional area, such as Provisioned, Enabled, or Not Enabled. After creating the implementation project, you can update the status of each task to indicate the progress of the

  implementation. You can set the status to In Progress, Implemented, or Not Applicable. This will help you to identify the stage of each offering and functional area in the implementation project.

  References:

  How You Use Implementation Projects to Manage Setup Oracle Fusion Applications Procurement Implementation Guide, Section 2.1:

  "Create Implementation Project"

• Question 43:

  Your customer tells you that in their industry, the response document for an auction is called a `Proposal' instead of the default Oracle term `Bid', and that they would like to have all their negotiation documents reflect this terminology. What would you do to meet this requirement?

  A. Create a Negotiation Style
  B. Create a Negotiation Type.
  C. Customize the Descriptive Flexfield.
  D. Create a Purchasing Document Style.
  E. Create a Negotiation Template.
  A. Create a Negotiation Style

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  Explanation/Reference:

  You can use a negotiation style to control the look of the document and the features available. A style is a good way to create a streamlined negotiation.

• Question 44:

  An organization wants to establish a supplier onboarding process with qualification and evaluation. Only qualified suppliers should be eligible to supply their goods and service. How do you model this requirement using external supplier registration and supplier qualification management?

  A. External Supplier registration-Prospective > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized
  B. External Supplier registration-Prospective > Supplier Response > Promoted as spend authorized > Qualification Evaluation
  C. External Supplier registration-Spend Authorized > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized
  D. External Supplier registration-Spend Authorized > Supplier Response > Qualification Evaluation > Initiative
  A. External Supplier registration-Prospective > Initiative > Supplier Response > Qualification Evaluation > Promoted as spend authorized

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  Explanation/Reference:

  You can choose to register the new supplier as a prospective supplier or a spend authorized. If you register the company as a prospective supplier, the supplier can participate as soon as its registration is approved. A prospective supplier can receive invitations, view a negotiation and respond. You can award the supplier business, but you cannot issue a purchase document for the supplier until it is approved for conducting financial transactions with your buying organization.

• Question 45:

  Which seeded role must be associated with a supplier user account for the supplier to be able to respond to invited negotiations?

  A. Supplier Sales Representative
  B. Supplier Self Service Administrator
  C. Supplier Contract Manager
  D. Supplier Bidder
  E. Supplier Customer Service Representative
  D. Supplier Bidder

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  Explanation/Reference:

  The seeded role that must be associated with a supplier user account for the supplier to be able to respond to invited negotiations is Supplier Bidder. This role grants the supplier user the ability toview and respond to

  negotiations, create and manage responses, and view award decisions. The other roles are not relevant for this purpose.

  References:

  Supplier Administrator (Abstract Role) - Oracle, section "Supplier Bidder (Abstract Role)".

  Set Up Supplier Roles - Oracle, section "Supplier Bidder Role".

• Question 46:

  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
  B. condition-dependent reductions in price
  D. price increase request from a supplier through the supplier portal

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  Explanation/Reference:

  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 47:

  Which action is required to enable the supplier contacts of a parent company to respond to the negotiations of their subsidiaries?

  A. The parent supplier must be added to the subsidiary supplier profile.
  B. The subsidiary supplier must forward the negotiation to the parent company to respond.
  C. The subsidiary supplier must request the parent supplier contact be added to the negotiation.
  D. The parent supplier must be added to the negotiation.
  D. The parent supplier must be added to the negotiation.

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  Explanation/Reference:

  To enable the supplier contacts of a parent company to respond to the negotiations of their subsidiaries, the parent supplier must be added to the negotiation as an invited supplier. This will allow the parent supplier contacts to access the negotiation through the Oracle Supplier Portal and submit responses on behalf of the subsidiary supplier. The parent supplier can also view and monitor the negotiation progress and status. The parent supplier must have an active supplier portal user account and the appropriate roles and privileges to participate in the negotiation. References: How You Invite Suppliers to Negotiations1 Oracle Supplier Negotiations2 Response to Negotiations3

• Question 48:

  Identify the Duty role that you need to associate with the Job role to enable the "new supplier request" functionality.

  A. Supplier bidder duty
  B. Supplier Self Service administrator duty
  C. Supplier sales representative duty
  D. Supplier Self Service clerk duty
  E. Submit supplier registration duty
  E. Submit supplier registration duty

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  Explanation/Reference:

  Only registration requests in pending approval status can be edited. The user must be the current approver and have Supplier Registration Management Duty (Edit Supplier Registration Request privilege), or Supplier Profile Management Duty (Access Supplier Workarea Overview privilege) to edit the registration.

• Question 49:

  Your organization is implementing Supplier Qualification Management (SQM) and wants the supplier qualification process to be executed with segregation of duties in the following manner:

  For qualification manager (Vendor development team-VD) Independent evaluation (Procurement Department-PD)

  Involvement of internal subject matter experts (SME)

  Identify the correct setup to meet this requirement.

  A. initiatives created and owned by VD, internal response and evaluation by SME
  B. initiatives created and owned by VD, internal response by SME, and evaluation by PD
  C. initiatives created and owned by VD, internal response by PD, and evaluation by SME
  D. initiatives created and owned by VD, internal response by VD, and evaluation by SME
  B. initiatives created and owned by VD, internal response by SME, and evaluation by PD

• Question 50:

  In the Supplier Portal, which job role must you allocate to a supplier contact to enable them to provision user accounts to their own employees?

  A. Supplier Administrator
  B. Supplier Manager
  C. Supplier Self Service Clerk
  D. Supplier Self Service Administrator
  A. Supplier Administrator

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  Explanation/Reference:

  The Supplier Administrator job role is the only one that can provision user accounts to their own employees in the Supplier Portal. This role allows the supplier contact to manage supplier profile and user provisioning, as well as

  perform other tasks related to supplier master data, supplier qualification, and supplier registration. The other job roles do not have the privilege to create or modify supplier user accounts.

  References:

  Oracle Fusion Supplier Portal Important Roles

  Supplier Administrator (Abstract Role)

  Supplier Portal Job Roles and Tasks