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

Oracle 1Z0-1065-23 Online Questions & Answers

• Question 51:

  Identify two activities that a Buying Organization will be able to perform after it provides the Supplier Portal access to Suppliers. (Choose two.)

  A. Create Negotiation flow internally on behalf ofprospective suppliers.
  B. Import supplier data and related entities.
  C. Consolidate suppliers and supplier sites to clean up duplicate suppliers or support supplier acquisitions.
  D. Evaluate prospective suppliers by routing their registrations through a collaborative review process by using a flexible rules engine.
  E. Collect information about prospective suppliers through a self-guided registration flow.
  D. Evaluate prospective suppliers by routing their registrations through a collaborative review process by using a flexible rules engine.
  E. Collect information about prospective suppliers through a self-guided registration flow.

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  Explanation/Reference:

  E: The buying organization can collect information about the products and services categories supplied by the company on the registration flow by enabling Products and Services using the Configure Supplier Registration flow.

  D: The Supplier Registration process is used by companies to submit their registration request in order to become asupplier of the buying organization. The buying organization then reviews the registration request using a collaborative review

  process and determines if it wants to consider this company as a new source of supply.

  References:

  https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007476AN1079E.htm

• Question 52:

  A buyer often orders an item BA82829 by box but the same store manager stocks the item as individual units by using the `Each' unit of measure. Item BA82829 can be ordered from three suppliers and the box sizes differ by supplier (12, 24 and 36). Identify the correct option to set up these units of measure in Product Hub (PIM).

  A. Create a Box UOM and an Each UOM and assign them to different UOM classes.
  B. Create a Box UOM and an Each UOM and assign both to the same UOM classes.
  C. Create multiple BoxY UOMs, where Y is the quantity per box, and an Each UOM, and assign them to the same UOM class.
  D. Create multiple BoxY UOMs, where Y is the quantity per box, and an Each UOM, and assign them to different UOM classes.
  E. Always use the Each UOM and do not create Purchase Orders for Box.
  B. Create a Box UOM and an Each UOM and assign both to the same UOM classes.

• Question 53:

  You have defined your negotiation style and named it `ABC negotiation style'. Subsequently, you try to add collaboration team members on a negotiation that is based on the `ABC negotiation style' and find that the `Collaboration Team' field is disabled. Identify the cause.

  A. The `Requirements and Instructions' checkbox is unchecked in the style.
  B. The `Collaboration Team' checkbox is unchecked in the style.
  C. Cost factors are not set up for negotiations for participants, causing no collaboration to negotiate cost.
  D. Online collaboration is visible only to the Requisition Preparer.
  D. Online collaboration is visible only to the Requisition Preparer.

• Question 54:

  During a discussion about your implementation, your client mentioned that they negotiate credits for equipment trade-ins.

  How can you create this in the application?

  A. Create a requisition with a negative line.
  B. Create an agreement with a credit line.
  C. Create a purchase order template that supports credit lines.
  D. Create a document style that supports credit lines.
  D. Create a document style that supports credit lines.

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  Explanation/Reference:

  A document style is a template that defines the layout and content of a purchasing document, such as a purchase order, a purchase agreement, or a requisition. You can create a document style that supports credit lines, which are purchase order lines with a negative amount to record credits to the ordered amount that you have negotiated with your supplier. For example, you can use a credit line to represent credit for an equipment trade-in. You can also specify other attributes for the documentstyle, such as the line types, the change order policies, the approval rules, and the communication methods. References: How You Create Purchase Order Lines with Negative Amounts How You Enable Creation of Purchase Order Lines with Negative Amounts Create Supplier Contracts from Negotiation Award

• Question 55:

  While creating a Contract Purchase Agreement, a buyer tries to add a Contract Template to it, but the List of Values (VOL) is empty. Identify three applicable reasons for this issue.

  A. The Contract Template is in `Approved' status.
  B. The document type associated with the Contract Template is `Purchase Order'.
  C. The document type associated with the Contract Template is `Contract Purchase Agreement'.
  D. The Contract Template is not `Approved'.
  E. The document type associated with the Contract Template is `Blanket Purchase Agreement'.
  A. The Contract Template is in `Approved' status.
  B. The document type associated with the Contract Template is `Purchase Order'.
  C. The document type associated with the Contract Template is `Contract Purchase Agreement'.

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  Explanation/Reference:

  Reference: http://docs.oracle.com/cd/E37017_01/doc.1115/e22658/F424214AN124DD.htm

• Question 56:

  During Oracle Procurement Cloud implementation, one of the requirements of the customer is to capture the revision history of Purchase Orders when `notes to receiver' is entered or updated as part of a Change Order. Identify the setup that needs to be performed in order to capture change history when a user updates `notes to receiver' as part of the Change Order.

  A. Update the attribute `notes to receiver' in Configure Requisitioning Business Function' for the requisitioning Business Unit.
  B. Update the attribute `notes to receiver' in Common Payables and Procurement Options' for the procurement Business Unit.
  C. Update the attribute `notes to receiver' in the Change Order template for the Purchase Order.
  D. Update the attribute `notes to receiver' in supplier site assignment for the supplier site.
  C. Update the attribute `notes to receiver' in the Change Order template for the Purchase Order.

• Question 57:

  SIMULATION

  Challenge 7

  Manage Qualification Areas

  Scenario

  Your procurement organization needs to group and organize qualification questions into a hierarchical structure.

  Task

  Create an active Qualification Area to hold the qualification question created previously, where:

  Name of the area is PRCXX Area 1 (Replace xx with 01, which is your allocated User ID.) Description references company history Owning procurement BU is US1 Business Unit Expiration period is 10 days Questions and outcomes contain three options: Excellent, Average, Poor

  

  A. Answer: See below in for each Step.
  A. Answer: See below in for each Step.

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  Explanation/Reference:

  Task 7: Create a Qualification Area for Supplier Questions Following the scenario, we need to create a new Qualification Area in Oracle Procurement Cloud named "PRCXX Area 1" (replace xx with 01) to organize the previously created

  supplier question.

  Here are the steps to create the Qualification Area:

  Navigate to Manage Qualification Areas:

  Create the Qualification Area:

  Enter the Qualification Area Information:

  Add Qualification Questions:

  Define Outcomes:

  Save the Qualification Area:

  Verification:

  The Qualification Area "PRCXX Area 1" (replace xx with 01) should now be listed in the Manage Qualification Areas page.

  You can verify the area details, description, and associated supplier question by clicking on it.

  The owning procurement BU, expiration period, default owner, active status, and defined outcomes should be displayed as specified above.

  Additional Notes:

  Make sure to replace "xx" with your allocated User ID (01) in the area name for consistent naming convention.

  The expiration period determines how often suppliers need to update their information for this area.

  Adding a default qualification owner simplifies the assignment process for new qualifications.

  Defining outcomes allows you to evaluate the responses to the qualification questions and assign scores or weights based on their performance.

• Question 58:

  Identify two control option that are enabled when a buyer selects the `Group requisition lines' field while creating a Blanket Purchase Agreement. (Choose two.)

  A. Group requisitions
  B. Apply price updates to existing orders
  C. Use need-by date
  D. Automatically submit for approval
  E. Use ship-to organization and location
  A. Group requisitions
  E. Use ship-to organization and location

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  Explanation/Reference:

  If you want to group requisition lines across different requisitions into the same purchase order, enable the Group requisitions flag.

  In order to group requisition lines into the same purchase order line, enable the Group requisition lines flag. Theneed-by date and ship-to organization and location can optionally be used to group requisition lines.

  References:

  Oracle Procurement Cloud Using Procurement (Release 9), page 163

• Question 59:

  You created a sourcing two-stage sealed RFQ and invited five suppliers to participate. The Technical stage is completed and the Commercial stage is unlocked. At this time in the award negotiation section, in the Award Line you are able to

  see only three supplier's responses as active responses. You are not able to see the other two suppliers' data in the active responses.

  Which two reasons are causing this? (Choose two.)

  A. Supplier responses are closed.
  B. Suppliers have entered the responses. Because the RQF is sealed, you are not able to view these two supplier's data.
  C. Suppliers were already awarded.
  D. Suppliers were not shortlisted in the Technical stage.
  E. You have entered these two suppliers' responses as surrogate responses by a buyer. In the Commercial stage, the buyer has not yet entered surrogate responses.
  D. Suppliers were not shortlisted in the Technical stage.
  E. You have entered these two suppliers' responses as surrogate responses by a buyer. In the Commercial stage, the buyer has not yet entered surrogate responses.

• Question 60:

  SIMULATION

  Challenge 5

  Manage Procurement Agents

  Scenario:

  Your procurement organization requires you to define yourself as a purchasing buyer so that you can create and manage procurement transactions.

  Task

  Define a Procurement Agent, where:

  Procurement BU is US1 Business Unit Agent is mapped to your assigned Login username - Student, PRCXX (Replace xx with 01, which is your allocated User ID.) All default procurement actions are to be assigned and accepted as-is A. Answer: See below in for each Step.

  

  Correct Answer. A
  A

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  Explanation/Reference:

  To define a Procurement Agent, you can follow these steps:

  Navigate to the Setup and Maintenance work area and search for the Manage Procurement Agents task.

  Click on the Go to Task icon to open the Manage Procurement Agents page. Click on the Create icon to create a new procurement agent. Enter the following information in the Create Procurement Agent dialog box:

  Click on the Save and Close button to save the procurement agent. You have successfully defined a procurement agent. You can verify the procurement agent details by searching for it in the Manage Procurement Agents page. For more

  information on how to define and manage procurement agents, you can refer to the Define Procurement Agents (Oracle Fusion Cloud Procurement Implementation Guide) document.

  Or the following steps:

  Following the scenario, we need to define you (Student, PRCXX) as a Procurement Agent with access to manage procurement transactions in the US1 Business Unit. Here are the steps to define the Procurement Agent:

  Navigate to Manage Procurement Agents:

  Create the Procurement Agent:

  Enter the Procurement Agent Information:

  Save the Procurement Agent:

  Verification:

  You should now be listed as a Procurement Agent in the Manage Procurement Agents page.

  You can verify your assigned actions and Business Units by clicking on your record.

  You should be able to create and manage procurement transactions within the US1 Business Unit.

  Additional Notes:

  Make sure to replace "xx" with your allocated User ID (01) in the Agent field for accurate identification.

  Selecting "Use Defaults" assigns all standard procurement actions to you. You can customize these actions later if needed.

  Remember that your access level and permissions within the Procurement module will be determined by your Procurement Agent role and associated Business Units.