Oracle Inventory Cloud 2019 Implementation Essentials

Question 1

Identify three statements that are true about reservations in back-to-back processing.

A. Changes to reservation in Oracle Logistics Cloud leads to exceptions, which are displayed in the Supply Chain Orchestration work area.

B. Partial fulfillment of reservations is supported.

C. One reservation is created for a demand and supply.

D. Reservations cannot be created for back-to-back On Hand supply orders.

E. Reservation supplies that can be reserved are Purchase Orders, Transfer Orders, Work Orders, and On Hand inventory.

Correct Answer: A,C,E

Question 2

Your company has multiple inventory organizations where goods are transferred internally. A user has created a new organization but the new organization is unavailable when creating an interorganization transfer.
What is the missing setup?

A. Interorganization Parameters are not set up between the organizations.

B. The source and destination organization doesn't belong to the same legal entity.

C. The destination organization transfer type is In Transit.

D. Inventory organization data access for users is not set up.

Correct Answer: B

Question 3

Your customer is setting up serial control. The requirement is that if item A has serial 123, then they do not want item B to also have serial 123 within the same inventory organization.
Which serial control setting must be used to meet this requirement?

A. Unique within Item and organization

B. Unique within items

C. Unique across organizations

D. Unique across Enterprise

E. Unique within organization

Correct Answer: E

Question 4

A customer has one Business Unit, two Legal Entities, and each have eight warehouses (defined as Inventory Orgs). While trying to set up Cost Organizations for each of these Legal Entities, you were unable to perform the mandatory step of assigning the Profit Center Business Unit for one set of eight Inventory Organizations; however, you could do it for the other set.
What is the reason for this?

A. There is no Inventory Validation Organization defined.

B. The General Ledger is not associated with Business Unit.

C. The Legal Entity Setup is incomplete.

D. The Business Unit is not enabled for Costing.

E. There is no Business Unit associated with the Legal Entity.

Correct Answer: E

Question 5

Which action invokes supply chain orchestration and transfer of data to supply chain orchestration interface tables?

A. creating a new Inventory Organization for execution of supply chain orchestration

B. running Min-Max Planning

C. running a scheduled process called "Create Transactions"

D. creating Purchase Order Receipt

Correct Answer: B

Question 6

A third-party service equipment is used for various purposes in a manufacturing facility and needs to be overhauled once a year. This equipment is charged based on its consumption without a project dependency.
At this point, it should be transferred out to the vendor's warehouse for maintenance and then returned back in the future depending upon the requirement.
The material stock transfer should happen with an offline approval and with an account alias as a logical reference.
What is the ideal way to handle this process?

A. Move Request

B. Miscellaneous Transaction

C. Transfer Order

D. Requisitions

E. Subinventory Transfer

Correct Answer: B

Question 7

While negotiating the terms of the consignment agreement, the buyer and the supplier mutually agree to set the aging onset point as receipt and the aging period as five days. The terms also say that the consumption advice will be generated daily.
In which three scenarios will the goods be transferred from the supplier's ownership to buyer's ownership?

A. You received the goods today and for the next one week you do not plan any action on the same.

B. You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.

C. You received the goods today and after four days you return the material to the supplier.

D. You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.

E. You received the goods today and you decide to issue the goods after three days without transferring the ownership.

F. You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.

Correct Answer: A,B,E

Question 8

Your customer has received 50 boxes of item A (priced at $10 per box) and these items are transferred to the asset Inventory organization. There are no additional quantities in any of the inventory organizations apart from the received 50 boxes. After running all the necessary cost accounting and organizations apart from the received 50 boxes. After running all the necessary cost accounting and receipt accounting processes successfully, the item validation for item A is still zero.
What is the reason?

A. Items are not consigned items but ownership is still with the supplier.

B. Items are not consigned items and ownership is with the organization.

C. Items are consigned and ownership is transferred to "owned".

D. Items are consigned items and ownership lies with the supplier.

Correct Answer: D

Oracle Inventory Cloud 2019 Implementation Essentials - 1Z1-1073 Exam Practice Test

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