Oracle Procurement Cloud 1Z0-1065-20 Dumps | Updated Sep 17, 2021 - ITPassLeader
Master 2021 Latest The Questions Oracle Procurement Cloud and Pass 1Z0-1065-20 Real Exam!
NEW QUESTION 96
Self Service Procurement uses Browsing categories to help users to search for desired items. Which statement is true?
- A. Item catalog/categories are defined via Functional Setup Manager, whereas Browsing categories are defined via Procurement Content Management.
- B. Item catalog/categories are defined via Procurement Content Management, whereas Browsing categories are defined via Functional Setup Manager.
- C. Both Item and Browsing categories can be imported only via ADFDi. There is no front-end Fusion UI for these.
- D. Both Item and Browsing categories can be imported only via the front-end Fusion UI.
Answer: A
NEW QUESTION 97
During an implementation, the Buyers will like to access the OTBI reports that are available in the Cloud Purchasing application. Identify the way to provide them easy access to Purchasing related OTBI reports?
- A. Train the buyers to navigate to 'Functional Setup Manager' to access the reports
- B. Ask the buyer to run Scheduled Process to run the OTBI reports for Purchasing
- C. Train the users to navigate to Business Intelligence applications to access the reports
- D. Enable the OTBI reports in Purchasing work area
Answer: D
NEW QUESTION 98
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. Suppliers were not shortlisted in the Technical stage.
- B. 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.
- C. Supplier responses are closed.
- D. Suppliers have entered the responses. Because the RQF is sealed, you are not able to view these two supplier's data.
- E. Suppliers were already awarded.
Answer: A,B
NEW QUESTION 99
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 procurement business unit for Default Legal Entity in Manage Purchasing Profile Options.
- B. Set up the Default Legal Entity on the Configure Requisitioning Business Process page.
- C. Define a primary route on financial orchestration flow to enforce the sold-to legal entity on a PO.
- D. Set up the "Multiple Legal Entities on Order" value to "Allow" on the Configure Requisitioning Business Process page.
- E. Create Profit Center BU to Party Relationships.
Answer: A,C,E
Explanation:
Explanation
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
NEW QUESTION 100
In the Oracle Procurement Cloud Setup Flow, which three components are within the Common Procurement Configuration set of tasks?
- A. Supplier Configuration
- B. Procurement Agents
- C. Buyer Assignments
- D. Supplier Portal
- E. Payables and Procurement
Answer: A,B,E
NEW QUESTION 101
Select two document sequencing setups that are performed in the "Configure Requisitioning Business Function" task.
- A. Next Requisition Number
- B. Next Receipt Number
- C. Next Negotiation Number
- D. Next Agreement Number
- E. Next Purchase Order Number
Answer: A,E
Explanation:
Explanation
e Procurement Application Administrator has access to the Configure Requisition Business Function page for setting up a business unit that has a requisitioning business function associated with it. The attributes specified here are used to default values and behavior of the application when users are creating requisitions and purchase orders for the requisitioning BU.
NEW QUESTION 102
A supplier sales representative wants to track and manage their agreements and have the ability to add and edit catalog content for agreements online.
Identify two duty roles that accomplish this requirement. (Choose two.)
- A. Purchase Order Changes as Supplier Duty
- B. Purchase Agreement Viewing as Supplier Duty
- C. Purchase Agreement Changes as Supplier Duty
- D. Contract Terms Deliverables Management Duty
- E. Purchase Document Analysis as Supplier Duty
Answer: C,D
Explanation:
Explanation
C: The Contract Terms Deliverables Management Duty manages contract terms deliverables. This includes setting the deliverable status, adding comments, and uploading attachments.
D:Purchase Agreement Changes as Supplier Duty performs purchase agreement change management tasks as a supplier.
NEW QUESTION 103
During a Procurement Contract implementation, a customer would like to set up approvals for procurement contract documents. The customer has four departments and any contract needs to be approved by all the four department users.
Identify the configuration to fulfill this requirement.
- A. Set up user group for the four departments and set up individual rules for the four department users.
- B. Set up employee supervisor hierarchy for all four department users and add them to an approval group.
- C. Set up one approval group and include the four department users with voting regime as consensus.
- D. Set up one approval group and include the four department users with voting regime as first responder wins.
Answer: C
Explanation:
Explanation
Preapproval Header Consensus
Approvals are routed in parallel for this participant. This participant is more commonly used in conjunction with approval groups. This participant requires approval from all approvers.
References:https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRO/OAPRO1061036.htm#OAPRO10610
NEW QUESTION 104
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 not 'Approved'.
- B. The document type associated with the Contract Template is 'Contract Purchase Agreement'.
- C. The document type associated with the Contract Template is 'Purchase Order'.
- D. The document type associated with the Contract Template is 'Blanket Purchase Agreement'.
- E. The Contract Template is in 'Approved' status.
Answer: B,C,E
NEW QUESTION 105
Your customer is implementing the full suite of Cloud procurement. They would like to know how best they can utilize the Contract Terms library.
Identify three applications from where users can access the Contract Terms library for setting up "contract terms" for different documents. (Choose three.)
- A. Self Service Procurement
- B. Procurement Contracts
- C. Sourcing
- D. Purchasing
- E. Supplier Model
Answer: B,C,D
Explanation:
Explanation
C: The procedure for conducting and awarding a two-stage RFQ in Fusion Sourcing quote information includes contact terms.
D: Adding Contract Terms
IfOracle Fusion Procurement Contracts is installed and configured, you can access contract information created and stored in Procurement Contracts and associate it with your negotiation document. Such information could identify important deliverables or contract clauses suppliers must provide along with the timeline governing the deliverable management.
E: In Oracle Fusion Purchasing a purchase order can be created through an automated process or entered manually.
You can communicate your purchase orders andagreements along with any amendments, attachments, contract terms, and contractual deliverables to suppliers using print, fax, or e-mail.
References: Oracle Procurement Cloud Using Procurement (Release 9), pages 155, 213, and 248
NEW QUESTION 106
Five requisition lines of a single requisition document are available to process on to purchase order. But the buyer returned one requisition line to the requester for quantity modification.
What will be the effect of this action on the remaining four requisition lines?
- A. They will be available to process on to purchase order.
- B. They will be put on hold until the requester resubmits the returned line with the correct quantity.
- C. They will get canceled.
- D. They will also get returned to the requester.
- E. They will be in the "withdrawn" status.
Answer: B
Explanation:
Explanation
How can I reject individual items on a multi-item requisition?
You cannot selectively approve or reject individual items. You can edit the requisition to add or delete items, modify requisition quantity, and then approve the requisition. If the approver needs to reject specific lines on the requisition, the approver should reject the entire requisition. The approver can include comments on the worklist task to highlight the rejection reason. The preparer then needs to update the requisition and resubmit it for approval.
References:https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007478AN174A5.htm
NEW QUESTION 107
Your customer wants to configure six BUs: five Requisitioning Bus and one BU configured as a shared Procurement BU with only the Procurement function enabled.
How will you define the relationship between the Requisitioning BUs and the Procurement BU?
- A. The Procurement BU must be assigned with the Requisitioning business function in order for it to be a shared services center.
- B. The Procurement BU needs to be configured as a service provider to the Requisitioning BUs.
- C. Intercompany transactions need to be defined between the Requisitioning BUs and the Procurement BU.
- D. The Payables business function must be assigned in addition to the Procurement business function.
Answer: B
Explanation:
Explanation
Without the site assignment model each client BU would be forced to establish its own relationship with the supplier. The service provider relationship between the client BU and procurement BU is defined in the business unit setup.
References: Oracle Procurement Cloud Using Procurement (Release 9), page 30
NEW QUESTION 108
Identify the three business benefits provided by the Manage Approval Rules user interface.
- A. support for common business requirements to route approvals based on aggregated information
- B. minimal dependency on IT group for rules setup
- C. ease of ordering items
- D. quick information search
- E. faster ramp-up time to set up approval rules
Answer: A,C,D
NEW QUESTION 109
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. Item, buy
- B. Free form, buy
- C. Free form, buy agreement
- D. Item, buy agreement
Answer: C
Explanation:
Explanation
Item, buy --> Line representing the purchase of an item. Item, buy agreement -->Line representing the negotiated terms for future purchase of an item. Free-form, buy--> Line representing the purchase of services defined by a scope of work. Free-form, buy agreement -->Line representing the negotiated terms for future purchase of services.
NEW QUESTION 110
Your category manager wants to have the ability to conduct forward auctions in the Sourcing Cloud to liquidate excess inventory.
What feature should be enabled to allow this?
- A. Consolidate Negotiation Lines on Purchase Order
- B. Sourcing Programs
- C. Manage Seller Negotiations
- D. Define Default Line Attributes in Negotiations
- E. Capture Forward Auction Negotiations
Answer: C
NEW QUESTION 111
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