Ultimate Guide to the 1z0-1065-23 - Latest Mar 28, 2024 Edition Available Now
2024 Updated Verified Pass 1z0-1065-23 Exam - Real Questions and Answers
NEW QUESTION # 17
Challenge 2
Manage Business Unit
Scenario:
Your organization needs to establish a business unit to manage its procurement activities and assign it to the newly created purchasing location in Redwood City, CA.
Task2
Create a new Business Unit for your purchasing organization, where you need to:
. Name the business unit as PRCXX Business Unit (Replace xx with 01, which is your allocated User ID.)
. Assign the location previously created
. Link to the USLOCS default set
Answer:
Explanation:
See below in Explanation for each Step.
Explanation
To create a new Business Unit for your purchasing organization, you can follow these steps:
Navigate to the Setup and Maintenance work area and search for the Manage Business Unit task.
Click on the Go to Task icon to open the Manage Business Unit page.
Click on the Create icon to create a new business unit.
Enter the following information in the Create Business Unit dialog box:
Name: PRC01 Business Unit
Location: PRC01 Location
Default Set: USLOCS
Click on the Save and Close button to save the business unit.
You have successfully created a new business unit for your purchasing organization. You can verify the business unit details by searching for it in the Manage Business Unit page.
Or use the following Steps:Following the scenario, we need to create a new Business Unit in Oracle Procurement Cloud for your purchasing organization and assign the previously created location in Redwood City, CA.
Here are the steps to create the Business Unit:
Navigate to Manage Business Units:
Go to the Global Navigation Menu.
Click on Setup and Maintenance.
Click on Business Units under Common Tasks.
Create the Business Unit:
Click on the Create icon (+ icon).
Enter the Business Unit Information:
Name: Enter "PRCXX Business Unit" (replace xx with 01).
Default Location: Select "PRCXX Location" (replace xx with 01) from the dropdown list.
Default Set: Select "USLOCS" from the dropdown list.
Description: (Optional) Enter a brief description of the business unit.
Save the Business Unit:
Click on the Save button.
Verification:
The Business Unit "PRCXX Business Unit" (replace xx with 01) should now be listed in the Manage Business Units page.
You can verify the details of the business unit by clicking on it.
The default location and set should be displayed as "PRCXX Location" (replace xx with 01) and
"USLOCS," respectively.
Additional Notes:
Make sure to replace "xx" with your allocated User ID (01) in both the Business Unit name and code for consistent naming convention.
Assigning the US Location Set to the Business Unit ensures that it inherits the legal entities, accounts, and other context information from that set.
NEW QUESTION # 18
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
Answer:
Explanation:
See below in Explanation for each Step.
Explanation
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:
Location Set: US Location Set
Name: PRC01 Location
Code: PRC01LOC
Address Line 1: 1000 Main St
City: Redwood City
State: CA
Postal Code: 94065
Country: United States
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:
Go to the Global Navigation Menu.
Click on Workforce Structures.
Click on Locations under My Client Groups.
Create the Location:
Click on the Create icon (+ icon).
Enter the Location Information:
Location Set: Select "US Location Set" from the dropdown list.
Name: Enter "PRCXX Location" (replace xx with 01).
Code: Enter "PRCXXLOC" (replace xx with 01).
Address:
Enter "1000 Main St" in Address Line 1.
Enter "Redwood City" in the City field.
Select "CA" from the State dropdown list.
Enter "94065" in the Postal Code field.
Status: Select "Active" from the dropdown list.
Save the Location:
Click on the Save button.
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.
NEW QUESTION # 19
When creating a negotiation, the category manager wants to send it to all supplier contacts for a supplier.
Which is the most efficient way to achieve this?
- A. Create a negotiation and add each supplier contact to it.
- B. Create a negotiation by using a negotiation template with each supplier contact added.
- C. Create the negotiation by using a negotiation style with the appropriate supplier control selected.
- D. Create a negotiation and send it to the supplier bidder contact for forward distribution.
Answer: C
Explanation:
Explanation
The most efficient way to send a negotiation to all supplier contacts for a supplier is to use a negotiation style that has the supplier control option of "All supplier contacts" enabled. This option allows you to automatically include all the contacts associated with a supplier when you add the supplier to the negotiation. You do not need to manually add each contact or rely on the supplier bidder contact to forward the negotiation. You can also create a negotiation template with this option enabled and use it to create a negotiation.
References:
Examples of Negotiation Controls, Section 1: "Examples of Negotiation Controls", Subsection:
"Supplier Controls"
Create Supplier Negotiations from Template, Section 1: "Create Supplier Negotiations from Template"
NEW QUESTION # 20
You have opted in to the Display Master Item Packaging String in Shopping Flows feature but you do not always see the packaging string while reviewing items in the catalog.
Where should you select the packaging string?
- A. Master item catalog
- B. Master item agreement
- C. Item catalog category
- D. Master item contract
- E. Master item definition
Answer: E
Explanation:
Explanation
The Display Master Item Packaging String in Shopping Flows feature allows you to display the master item's packaging string with UOM conversion information to users while they are shopping. The feature lets users know the exact quantity of items they are purchasing, especially when the UOM displayed on the search results page is different from the user's consumption UOM. To use this feature, you need to select the packaging string for the master item in the master item definition. A packaging string is a predefined UOM conversion that specifies how many units of one UOM are equivalent to another UOM. For example, a packaging string of 12 EA/CS means that 12 eachesare equal to one case. You can add a predefined packaging string when you create or edit a master item, or define a new packaging string to fit your requirements.
References:
Oracle Procurement Cloud 20D What's New1
PRC:SSP: What is Display Product Packaging String feature in fusion and how it is used2 Self Service Procurement 20D: Display Master Item Packaging String in Shopping Flows3 Define Items and Item Structures4 Add Packaging Strings to Items5
NEW QUESTION # 21
You want to process negotiations with hundreds of lines.
Which two options in Sourcing enable you to process large negotiations?
- A. Proxy-bidding
- B. Integration with Purchasing to generate purchasing documents
- C. Invite additional suppliers post publish
- D. file-based data import (FBDI)
- E. Award lines spreadsheet
Answer: D,E
Explanation:
Explanation
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"
NEW QUESTION # 22
When creating a negotiation, the category manager wants to send it to all supplier contacts for a supplier.
Which is the most efficient way to achieve this?
- A. Create a negotiation and add each supplier contact to it.
- B. Create a negotiation by using a negotiation template with each supplier contact added.
- C. Create the negotiation by using a negotiation style with the appropriate supplier control selected.
- D. Create a negotiation and send it to the supplier bidder contact for forward distribution.
Answer: C
NEW QUESTION # 23
An electronics parts manufacturer has decided to implement only the Purchasing application from the Oracle Fusion Cloud Procurement pillar.
Which setup component will they NOT require for this implementation?
- A. Change Order Template
- B. Cost Factors
- C. Document Style
- D. Requisitioning Business Function
- E. Procurement Agents
Answer: B
Explanation:
Explanation
Cost factors are used to identify charges associated with a negotiation line in addition to price, such as shipping and handling, retooling, or import duties. Cost factors are part of the Supplier Negotiation application, which is not required for implementing only the Purchasing application. The other options are all setup components that are needed for the Purchasing application.
References:
Create Cost Factors
REST API for Oracle Fusion Cloud Procurement - External Cost Factors and External Cost Factors
NEW QUESTION # 24
Challenge 3
Manage Purchasing Line Types
Scenario:
Your business unit requires a new line type for purchasing transactions.
Task3:
Create a new Purchasing Line Type, where:
. Name of the line type is PRCXX Computer Goods (Replace xx with 01, which is your allocated User ID.)
Code is PRCXXCOMP
. Purchase basis is quantity-based for the Goods product type
. Line type is linked to the Computer Supplies category
. Unit is Ea
Answer:
Explanation:
See below in Explanation for each Step.
Explanation
To create a new Purchasing Line Type, you can follow these steps:
Navigate to the Setup and Maintenance work area and search for the Manage Purchasing Line Types task.
Click on the Go to Task icon to open the Manage Purchasing Line Types page.
Click on the Create icon to create a new line type.
Enter the following information in the Create Line Type dialog box:
Name: PRC01 Computer Goods
Code: PRC01COMP
Purchase Basis: Quantity
Product Type: Goods
Category: Computer Supplies
Unit of Measure: Ea
Click on the Save and Close button to save the line type.
You have successfully created a new Purchasing Line Type. You can verify the line type details by searching for it in the Manage Purchasing Line Types page. For more information on how to define and use line types, you can refer to the Defining Line Types (Oracle Purchasing Help) document.
Or use the following:
Following the scenario, we need to create a new Purchasing Line Type in Oracle Procurement Cloud named
"PRCXX Computer Goods" (replace xx with 01) for purchasing computer supplies.
Here are the steps to create the Purchasing Line Type:
Navigate to Manage Purchasing Line Types:
Go to the Global Navigation Menu.
Click on Procurement.
Click on Setup and Maintenance.
Click on Purchasing Line Types.
Create the Purchasing Line Type:
Click on the Create icon (+ icon).
Enter the Purchasing Line Type Information:
Name: Enter "PRCXX Computer Goods" (replace xx with 01).
Code: Enter "PRCXXCOMP".
Purchase Basis: Select "Quantity-Based".
Product Type: Select "Goods".
Category: Select "Computer Supplies".
Unit: Enter "Ea" (for Each).
Description: (Optional) Enter a brief description of the line type.
Map Accounts:
Click on the Map Accounts tab.
Select the appropriate accounts for the following:
Inventory Asset Account
Inventory Expense Account
Cost of Goods Sold Account
Click on the Save and Close button.
Save the Purchasing Line Type:
Click on the Save button.
Verification:
The Purchasing Line Type "PRCXX Computer Goods" (replace xx with 01) should now be listed in the Manage Purchasing Line Types page.
You can verify the details of the line type by clicking on it.
The purchase basis, product type, category, unit, and mapped accounts should be displayed as specified above.
Additional Notes:
Make sure to replace "xx" with your allocated User ID (01) in both the Purchasing Line Type name and code for consistent naming convention.
Mapped accounts define where the financial transactions associated with this line type will be posted in the General Ledger.
Carefully review the mapped accounts to ensure they are aligned with your organization's accounting practices.
NEW QUESTION # 25
Delays in supplier self-service registration can be frustrating. In your implementation, there are some regions where you want to simplify supplier self-service registration and bypass mandatory supplier identifiers.
Which task should you use to set this up?
- A. Manage Supplier Profile Options
- B. Manage Internal Supplier Registration Approvals
- C. Manage Supplier Profile Change Request
- D. Configure Supplier Registration and Profile Change Request
- E. Manage Self Service Procurement Profile Options
Answer: D
Explanation:
Explanation
To simplify supplier self-service registration and bypass mandatory supplier identifiers for some regions, you should use the Configure Supplier Registration and Profile Change Request task in the Setup and Maintenance work area. This task allows you to define the registration settings for prospective and spend authorized suppliers, such as the required attributes, the approval rules, and the site assignments. You can also specify the supplier identifiers that are mandatory or optional for each country or region. For example, you can make the tax registration number optional for suppliers in a region where it is not commonly used.
References:
Options to Configure Supplier Registration and Supplier Profile Change Request, Section 1: "Options to Configure Supplier Registration and Supplier Profile Change Request" Configure Supplier Registration and Profile Change Request, Section 1: "Configure Supplier Registration and Profile Change Request"
NEW QUESTION # 26
You need to set up a Procurement business unit to serve the procurement needs of various Requisitioning business units.
What must you set up in Oracle Fusion Cloud Procurement to meet this requirement?
- A. Default Procurement BU relationship in the Requisitioning business function setup
- B. Default Requisitioning business unit relationship in the Procurement Agent setup
- C. Spend Authorized relationship between a Supplier and a Requisitioning business unit
- D. Service Provider relationship in the Requisitioning business unit setup
Answer: D
Explanation:
Explanation
To set up a Procurement business unit to serve the procurement needs of various Requisitioning business units, you must set up a Service Provider relationship in the Requisitioning business unit setup. This relationship defines the Procurement business unit as the service provider of the procurement business function, and the Requisitioning business units as its clients. This way, the Procurement business unit can take care of supplier negotiations, supplier site maintenance, and purchase order processing on behalf of the Requisitioning business units. The other options are not relevant for this requirement.
References:
1: Service Provider Models - Oracle
2: Implement Procurement - docs.oracle.com
[3]: Setup Steps in Oracle Fusion Cloud Procurement
NEW QUESTION # 27
You have the following business requirements when creating an implementation project:
You want to see the list of offerings and functional areas that are configured for the project.
You want to identify at which stage all offerings and functional areas are.
Which two fulfill these requirements?
- A. You need the IT Security role to fulfill these requirements.
- B. Select the Enable check box to specify the options.
- C. Change Provisioned to "No" to specify the offering that you want to select while creating an implementation project.
- D. Although the offering configuration can be changed at any time, the changes will influence any existing implementation task lists.
- E. After creating the implementation project, set the status of tasks to in Progress or Implemented.
Answer: B,E
Explanation:
Explanation
When you create an implementation project, you can select the offerings and functional areas that you want to implement by selecting the Enable check box for each option. This will generate a list of setup tasks for the selected options. You can also see the status of each offering and functional area, such as Provisioned, Enabled, or Not Enabled. After creating the implementation project, you can update the status of each task to indicate the progress of the implementation. You can set the status to In Progress, Implemented, or Not Applicable. This will help you to identify the stage of each offering and functional area in the implementation project.
References:
How You Use Implementation Projects to Manage Setup
Oracle Fusion Applications Procurement Implementation Guide, Section 2.1: "Create Implementation Project"
NEW QUESTION # 28
In Sourcing, on which option is the ranking based when you set Overall Ranking Method to "Composite scoring"?
- A. Assess suppliers on both pricing and internal cost factors.
- B. Assess suppliers on both pricing and qualitative aspects.
- C. Assess suppliers on both pricing and supplier eligibility.
- D. Assess suppliers on both pricing and external cost factors.
Answer: B
Explanation:
Explanation
When you set the Overall Ranking Method to Composite scoring, you can assess suppliers on both pricing and qualitative aspects. Qualitative aspects include requirements such as technical capabilities, other commercial considerations, or risk. You can assign weights to requirement sections, including pricing, and calculate a composite score for each supplier based on their response amount and requirement scores. The composite score is a combination of the relative score for pricing and the weighted requirement score. The higher the composite score, the higher the overall rank. This way, you can rank suppliers not just based on the best pricing offered, but also on how well they meet your requirements.
References:
Rank Suppliers Based on Composite Score of Pricing and Requirements1
Oracle Supplier Negotiations2
NEW QUESTION # 29
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
Answer:
Explanation:
See below in Explanation for each Step.
Explanation
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:
Name: PRC01 Organization
Code: PRC01ORG
Business Unit: US1
Legal Entity: US1
Location: Redwood City - CA
Item Master Organization: Operations
Item Grouping Behavior: Definition Organization
Schedule: Operations
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:
Go to the Global Navigation Menu.
Click on Supply Chain.
Click on Setup and Maintenance.
Click on Inventory Organizations.
Create the Inventory Organization:
Click on the Create icon (+ icon).
Enter the Inventory Organization Information:
Name: Enter "PRCXX Organization" (replace xx with 01).
Organization Code: Enter "PRCXXORG" (replace xx with 01).
Business Unit: Select "US1 Business Unit".
Legal Entity: Select "US1 Legal Entity".
Location: Select "Redwood City - CA".
Item Master Organization: Select "Operations".
Item Grouping Behavior: Select "Definition Organization".
Schedule: Select "Operations".
Description: (Optional) Enter a brief description of the inventory organization.
Define Item Sourcing Details:
Click on the Item Sourcing Details tab.
Click on the Create icon (+ icon).
Enter the item sourcing details for your organization, including:
Picking Defaults
Inventory Lead Time
Supply Subinventory
Shipping Rules
Click on the Save and Close button.
Save the Inventory Organization:
Click on the Save button.
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.
NEW QUESTION # 30
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