Oracle Procurement Cloud 2020 Implementation Essentials

Question 1

Identify the three sources from which Supplier Qualification Management gathers the required data (supplier information)

A. Qualification questionnaires

B. Sourcing bids

C. Profile updates

D. Legacy systems

E. Expired Contracts

Correct Answer: A,B,C

Question 2

What is the difference between Prospective and Spend authorized suppliers?

A. Prospective suppliers are limited to sourcing and qualification activities, whereas Spend authorized suppliers are limited to purchase orders and agreements.

B. Prospective suppliers can participate in Sourcing activities only, whereas Spend authorized suppliers can participate in all Procure-to-Pay activities.

C. Prospective suppliers are suggested by internal users, whereas Spend authorized suppliers are registered externally.

D. Prospective suppliers are limited to purchase orders, whereas both purchase order and agreement can be created for Spend authorized suppliers.

Correct Answer: B

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Question 3

During a Oracle Procurement Cloud implementation, you are going to implement Purchasing and Self Services Procurement. Identify the configuration step that will ensure that the tasks related to the other Procurement Cloud products like Supplier Portal Cloud are not available in Functional Setup Manager (FSM) during configuration.

A. Enable all modules during Configure Offerings and disable the tasks related to unrelated modules in FSM.

B. Enable 'Procurement' pillar and do not assign the tasks to the implementation consultant in FSM.

C. Enable only 'Purchasing' and 'Self Service Procurement' during Configure Offering.

D. Enable tasks related to Supplier Model during Configure Offering

Correct Answer: C

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Question 4

Identify the statement that is not valid for Oracle Cloud Procurement Contracts

A. The Contracts terms template drives rules to help you follow company policy

B. Allows you to publish Contracts on Social Networks

C. Allows you to capture any change in Terms & Conditions of Contract in MS Word

D. The Contracts terms template defines pre-approved boiler plate for the type and circumstances for the contract

Correct Answer: B

Question 5

Which three business users can submit a new supplier request? (Choose three.)

A. Supplier Administrator

B. Warehouse Manager

C. Category Manager

D. Self-Service Procurement user

E. Catalog Administrator

Correct Answer: A,C,D

Question 6

While creating a Purchase Order, you observe that the system is defaulting Net 30 as the payment term instead of the intended payment term Net 15.
Identify two ways to achieve the desired defaulting. (Choose two.)

A. Update Net 15 in procurement options and Net 30 for the supplier site.

B. Set Net 15 for the supplier site.

C. Update Net 15 in procurement options and leave the payment term blank for this supplier at all levels.

D. Set Net 30 for the supplier site and leave the payment term blank in procurement options.

Correct Answer: B,C

Question 7

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 classified by Subject.

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

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

Correct Answer: D

Question 8

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. Create Profit Center BU to Party Relationships.

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

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

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

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

Correct Answer: A,B,E

Explanation: Only visible for Actualtests4sure members. You can sign-up / login (it's free).

Question 9

At your client location, the marketing manager wants to run reports and analytics based on procurement subject areas, but he should not be able to view purchase orders. Which procurement role should you assign to him?

A. Procurement Agent

B. Purchase Analysis

C. Purchasing Manager

D. Finance Manager

Correct Answer: C

Oracle Procurement Cloud 2020 Implementation Essentials - 1Z0-1065-20 Exam Practice Test

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