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

Oracle 1Z0-1065-23 Online Questions & Answers

• Question 61:

  You should regularly run reports to protect against fraud.

  Which task do you use to select the attributes to be monitored for a supplier model?

  A. Configure Procurement Business function
  B. Manage Common Options for Payables and Procurement
  C. Manage Transmission Configurations
  D. Configure Supplier Registration and Profile Change Request
  E. Manage Audit Policies
  E. Manage Audit Policies

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  Explanation/Reference:

  To select the attributes to be monitored for a supplier model, you use the Manage Audit Policies task in the Setup and Maintenance work area. This task allows you to enable auditing for various business objects, such as

  suppliers, supplier sites, supplier contacts, and supplier bank accounts. You can also select the attributes of each business object that you want to audit, such as supplier name, address, tax number, and so on. By enabling auditing, you can

  track the changes made to the supplier model and generate audit reports to protect against fraud.

  References:

  Overview of Audit Configuration, Section 2.1: "Enable Auditing for Business Objects"

  Supplier Profile Audit History Setup and Reporting, Section 1: "Supplier Profile Audit History Setup and Reporting"

• Question 62:

  During the implementation, your customer wants to understand the key features of the two-stage Request For Quotation (RFQ) available in Oracle Sourcing Cloud. Identify three features of the two-stage RFQ. (Choose three.)

  A. Open Auctions
  B. Response Visibility Open
  C. Technical and Commercial Evaluation
  D. Two stage Evaluation
  E. Response Visibility Blind
  F. Response Visibility is always Sealed
  C. Technical and Commercial Evaluation
  D. Two stage Evaluation
  F. Response Visibility is always Sealed

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  Explanation/Reference:

  The two-stage RFQ process involves the submission by the suppliers of a technical quote and a commercial quote. The technical quotes are opened and evaluated first to determine a list ofqualified suppliers, and only then are the commercial quotes of the qualified suppliers opened and evaluated. TWO STAGE RFQ Ensure impartial judgment of supplier responses in markets that require technical and commercial evaluation of proposals to be doneindependently. While suppliers submit their responses as a single bid package, category managers first analyze the technical merits of the proposal while the commercial aspects of the bid remain sealed. Commercial details of bids that pass the technical evaluation are disclosed in the second evaluation phase, while the details of failed bids remain sealed. Category managers enter surrogate responses on behalf of suppliers by submitting the technical terms of the proposal during the first stage of the negotiation, and only entering the commercial terms if the first stage evaluation is successful. References:

  See What's Coming in Oracle Procurement Cloud (Release 9), page 8 https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_EDADAB5CC7CF0747E040D30A68811553

• Question 63:

  SIMULATION

  Challenge 4 Manage Inventory Organizations

  Scenario:

  Your procurement organization requires you to create an inventory organization, which will be used for issuing and receiving procurement transactions.

  Task:

  Create an Inventory Organization to receive procurement transactions, where:

  Name of the organization is PRCXX Organization (Replace xx with 01, which is your allocated User ID.) Organization code is PRCXXORG (Replace xx with 01, which is your allocated User ID.) Organization is linked to US1 Business Unit, US1 Legal Entity, and Redwood City - CA location Item Master Organization is linked to Operations Item Grouping Behavior is set to Definition Organization Schedule is set to Operations

  

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

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  Explanation/Reference:

  To create an Inventory Organization to receive procurement transactions, you can follow these steps:

  Navigate to the Setup and Maintenance work area and search for the Manage Inventory Organizations task.

  Click on the Go to Task icon to open the Manage Inventory Organizations page. Click on the Create icon to create a new inventory organization. Enter the following information in the Create Inventory Organization dialog box:

  Click on the Save and Close button to save the inventory organization. You have successfully created an inventory organization to receive procurement transactions. You can verify the inventory organization details by searching for it in the

  Manage Inventory Organizations page. For more information on how to create and manage inventory organizations, you can refer to the Inventory Organizations document.

  Or use the following steps:Following the scenario, we need to create a new Inventory Organization in Oracle Procurement Cloud named "PRCXX Organization" (replace xx with

  01) to receive procurement transactions.

  Here are the steps to create the Inventory Organization:

  Navigate to Manage Inventory Organizations:

  Create the Inventory Organization:

  Enter the Inventory Organization Information:

  Define Item Sourcing Details:

  Save the Inventory Organization:

  Verification:

  The Inventory Organization "PRCXX Organization" (replace xx with 01) should now be listed in the Manage Inventory Organizations page. You can verify the details of the organization by clicking on it. The linked Business Unit, Legal Entity,

  Location, Item Master Organization, Item Grouping Behavior, and Schedule should be displayed as specified above. Additionally, the Item Sourcing Details should reflect the defined values for picking, lead time, subinventory, and shipping

  rules.

  Additional Notes:

  Make sure to replace "xx" with your allocated User ID (01) in both the Inventory Organization name and code for consistent naming convention. The Item Master Organization defines the organization responsible for managing item

  information.

  The Item Grouping Behavior determines how items are grouped for inventory purposes.

  The Schedule defines the calendar used for scheduling inventory transactions. Carefully review and configure the Item Sourcing Details to ensure proper receipt and fulfillment of procurement transactions within your organization.

• Question 64:

  You want to process negotiations with hundreds of lines.

  Which two options in Sourcing enable you to process large negotiations?

  A. Award lines spreadsheet
  B. Integration with Purchasing to generate purchasing documents
  C. file-based data import (FBDI)
  D. Proxy-bidding
  E. Invite additional suppliers post publish
  A. Award lines spreadsheet
  C. file-based data import (FBDI)

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  Explanation/Reference:

  To process negotiations with hundreds of lines, you can use the file-based data import (FBDI) and the award lines spreadsheet options in Sourcing. The FBDI option allows you to import a large number of negotiation lines using a

  MS Excel template and a background process. You can also update or delete existing lines using the same option. The award lines spreadsheet option allows you to export the negotiation lines to a MS Excel file, where you can enter the

  award decisions and amounts. You can then import the file back to the application using a background process to complete the award.

  References:

  How You Create Large Negotiations, Section 1: "How You Create Large Negotiations"

  Award Negotiations Using Spreadsheet, Section 1: "Award Negotiations Using Spreadsheet"

• Question 65:

  Your customer is implementing Cloud Procurement across two countries: A and B. They need intercompany transactions to be carried out between these two entities. Identify the setup to fulfill this requirement.

  A. Supply Chain financial Orchestration agreement between business units of countries A and B.
  B. intercompany transaction between legal entities of countries A and B
  C. Supply Chain financial Orchestration agreement between legal entities of countries A and B
  D. intercompany transaction between business units of countries A and B
  D. intercompany transaction between business units of countries A and B

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  Explanation/Reference:

  Sold-to BU: If the selected BU performs invoicing, then the same BU can be used as the Sold-to BU. However, in certain instances due to tax or legal reasons the client BU may only perform requisitioning with the supplier and another BU

  assumes the liability for the purchases. In this case a different sold-to BU is selected. The list of soldto BUs that can beselected for a given client BU is determined by the Intercompany Transaction Flow setup. In addition, when a separate

  Sold-to BU acts as an agent to the client BU an assignment must be created for the soldto BU in order for the BU to process invoices.

  References:

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

• Question 66:

  SIMULATION

  Challenge 6

  Manage Supplier Questions

  Scenario

  Your procurement organization needs to create a Qualification Question that will be communicated to potential suppliers as part of an onboarding process.

  Task

  Create an active Qualification Question, where:

  Name of the question is PRCXX Q1 (Replace xx with 01, which is your allocated User ID.) Question level and responder type is Supplier Question type is multiple choice with single selection Question text contains, "How many years you have been in business?" Acceptable response text has three options: 0, 3, and 10

  

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

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  Explanation/Reference:

  Task 6: Create a Qualification Question for Suppliers Following the scenario, we need to create a new Qualification Question in Oracle Procurement Cloud named "PRCXX Q1" (replace xx with 01) to assess potential suppliers' years in

  business.

  Here are the steps to create the Qualification Question:

  Navigate to Manage Supplier Qualification Questions:

  Create the Qualification Question:

  Enter the Qualification Question Information:

  Define Acceptable Responses:

  Save the Qualification Question:

  Verification:

  The Qualification Question "PRCXX Q1" (replace xx with 01) should now be listed in the Manage Supplier Qualification Questions page. You can verify the question details and acceptable responses by clicking on it. The question level,

  responder type, question type, text, required status, and active status should be displayed as specified above.

  The acceptable responses should include 0, 3, and 10 years.

  Additional Notes:

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

  Selecting "Multiple Choice - Single Select" limits suppliers to choosing one answer. You can add additional acceptable responses if needed. Activating the question makes it visible to suppliers during the qualification process.

• Question 67:

  Your client's business requires that only requester A is provided access to the punchout catalog and not requester B. Identify the configuration to achieve this.

  A. Assign the "advance procurement requester" role to requester A and the "procurement requester" role to requester B.
  B. Set the punchout catalog-associated content zone security to "Secured by worker" with the value "Requester A" and no setup for requester B.
  C. Set the punchout catalog security in the punchout catalog definition page to "Secured by worker" with the value "Requester A" and no setup for requester B.
  D. Assign the "punchout catalog request" role to procurement requester A and "procurement requester" role to requester B.
  B. Set the punchout catalog-associated content zone security to "Secured by worker" with the value "Requester A" and no setup for requester B.

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  Explanation/Reference:

  Secured by worker: This option is always available for procurement or for requisitioning. The content zone is accessible only to those workers assigned to the content zone. Note: When content zones are created for procurement business units, administrators indicate whether the content zones are to be used for procurement or for requisitioning. Designating the use of the content zone determines to which flow the content zone is applied. A content zone for requisitioning can be accessible to all users working in specific requisitioning business units or to specific users References: https://docs.oracle.com/cd/E48434_01/doc.1118/e49610/F1007477AN13B51.htm

• Question 68:

  Your customer requires a consignment order to be automatically created whenever a self- service Requester creates a purchase requisition.

  How do you set this up?

  A. Create a consignment agreement with touchless buying options enabled on the Controls tab to automatically generate orders.
  B. Enable all the requisition line items to be sourced from the consignment source.
  C. Select the "Source from consignment" check box and set Urgent to 'Yes'* during requisition creation through self-service.
  D. Assign all the requisition lines to the consignment buyer.
  A. Create a consignment agreement with touchless buying options enabled on the Controls tab to automatically generate orders.

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  Explanation/Reference:

  A consignment agreement is a type of purchasing document that defines the terms and conditions for consignment purchases. Consignment purchases are purchases ofgoods that are paid for only after the goods are used or sold by the purchasing organization. To enable automatic creation of consignment orders from requisitions, you need to create a consignment agreement with touchless buying options enabled on the Controls tab. Touchless buying options allow you to specify the criteria for automatically generating orders from requisitions without human intervention. You can also define the default attributes and processing options for the orders, such as document style, change order tolerance, and communication method. References: How can I create a purchase order for consignment inventory items?1 Create and Monitor Agreements in Oracle Fusion Purchasing2

• Question 69:

  SIMULATION

  Manage Locations

  Scenario:

  Your organization, headquartered in Redwood City, CA, zip code 94065, is implementing Oracle Procurement Cloud.

  Task1

  Create a Location for your purchasing headquarters, where:

  Location is linked to US Location Set

  Name of the location is PRCXX Location (Replace xx with 01, which is your allocated User ID.)

  Location code is PRCXXLOC (Replace XX with 01, which is your allocated User ID.)

  Address line is 1000 Main St

  Location is active

  

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

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  Explanation/Reference:

  To create a location for your purchasing headquarters, you can follow these steps:

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

  Click on the Go to Task icon to open the Manage Locations page. Click on the Create icon to create a new location. Enter the following information in the Create Location dialog box:

  Check the Active check box to make the location active. Click on the Save and Close button to save the location. You have successfully created a location for your purchasing headquarters. You can verify the location details by searching for

  it in the Manage Locations page.

  OR use the following:Following the scenario, we need to create a Location in Oracle Procurement Cloud for your purchasing headquarters in Redwood City, CA, with the following details:

  Location Set: US Location Set

  Name: PRCXX Location (Replace xx with 01)

  Code: PRCXXLOC (Replace xx with 01)

  Address: 1000 Main St, Redwood City, CA, 94065

  Status: Active

  Here are the steps to create the location:

  Navigate to Manage Locations:

  Create the Location:

  Enter the Location Information:

  Save the Location:

  Verification:

  The Location "PRCXX Location" (replace xx with 01) should now be listed in the Manage Locations page.

  You can verify the details of the location by clicking on it.

• Question 70:

  While configuring offerings, you had deselected the "Supply Chain Financial Orchestration of Procurement Flows" check box and had locked the feature. However, because of changes in the business requirements, you are required to enable the feature. Identify the prerequisite step to perform this change.

  A. Navigate to the "Select Feature Choices" page of the Procurement Offering and unlock the feature.
  B. Set the implementation status to "In Progress" of the Procurement Offering.
  C. Change the Provisioned to "No" of the Procurement Offering.
  D. Deselect the "Enable for Implementation" check box of the Procurement Offering.
  D. Deselect the "Enable for Implementation" check box of the Procurement Offering.

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  Explanation/Reference:

  If you used Inventory Management intercompany functionality prior to Release 9, then after your upgrade to Release 9, you must do the following to enable intercompany supply chain flows using Supply Chain Financial Orchestration: References:

  Oracle Procurement Cloud Release 9 Whats New (5 May 2015), page 24