Question 1

Your customer has requested you to set up a Procurement Business Unit to server the procurement needs of various Requisitioning Business Units. How would you set up the Shared Procurement model in Oracle Procurement Cloud?

Options :

A : by setting up a Service Provider relationship in the Business Unit setup

B : by setting up the Default Procurement BU in the Requisitioning Business Function

C : by setting up a Procurement Business Unit and a Requisitioning Business Unit in the Functional Setup Manager

D : by providing a default Business Unit in the Procurement Agent setup

Answer: A

Question 2

A customer's procurement manager has the authority to approve office supply Purchase Orders up to $6,600.00. For all other types of Purchase Orders, there is no approval hierarchy.

The customer is located in Kandy and the purchasing category for office supplies is Office Supplies. The COA (Chart of Accounts) format is: Company.Business Unit.Cost Center.Account. The future and segment values are 01 for the company, 220 for the Business Unit, 339 for the cost center, 67887 for the account, and the future is always 000000.

Identify the approval group setup that would enable this purchasing practice.

Options :

A : Set the Document Total object to include an amount limit of $5,000.00.

B : Document Total: Amount Limit= $0.00Account Range: Amount Limit = $6,600Account Range: From: 01.220.339.67887.000000 To: 01.220.339.67887.000000Category Range: Amount Limit = $6,600Category Range: From: Office.Supplies To: Office.SuppliesRequisition Document Type setup = 'Owner can Approve'

C : Document Total: Amount Limit = $6,600.00Location: Amount Limit = $6,600 and Location = KandyCategory Range: Amount Limit = $10,000Category Range: From: X.Supplies To: Office.Supplies

D : Document Total: Amount Limit = $0.00Account Range: Amount Limit = $6,600Account Range: From: 01.220.339.67887.000000 To: 01.220.339.67887.000000Category Range: Amount Limit = $6,600Category Range: From: Office.Supplies To: Office.Supplies

E : Document Total: Amount Limit = $0.00Account Range: Amount Limit = $6,600Account Range: From: 01.220.339.00000.000000 To: 01.220.339.99999.000000Location: Amount Limit = $5,000 and Location = Kandy

Answer: B

Question 3

During an implementation of Cloud Sourcing, the users are performing user acceptance testing and entering 'contract terms' in the terms library from different remote locations. There are occasions when same mistakes are being repeated by the users and the project team needs to do a lot of coordination to eliminate the errors. Identify the system help that the users can utilize so that they enter only the correct contract terms in the 'Terms library', validate those, correct those and use those in the contract?

Options :

A : Users need to share the terms before input to the system

B : Users need to download the terms in word format and run the spell/ grammar check

C : Users need to run 'Contract library Tool' to check the correctness

D : Users need to run 'Contract Expert' which will identify the mistakes and red line the items

Answer: D

Question 4

In Sourcing, on which option is the ranking based when you set Overall Ranking Method to "Composite scoring"?

Options :

A : Assess suppliers on both pricing and external cost factors.

B : Assess suppliers on both pricing and internal cost factors.

C : Assess suppliers on both pricing and supplier eligibility.

D : Assess suppliers on both pricing and qualitative aspects.

Answer: D

Question 5

A replenishment requisition is created with the following details and imported through an open interface in Oracle Procurement Cloud:

Requisition date -- 10/10/2012 (DD/MM/YYYY)

Requisition Business Unit (BU) -- BU1

Item -- AS16168

Identify the Blanket Purchase Agreement that the application would select to automatically create a Purchase Order.

Options :

A :

BPA: 9938

Type: Global BPA

Effective Dates: 01/09/2012--31/08/2013

Item: AS16168

BU: All

Automatically generate orders flag: Yes

B :

BPA: 8787

Type: Local BPA

Effective Dates: 01/03/2012--31/12/2013

Item: AS16168

BU: BU2

Automatically generate orders flag: No

C :

BPA: 8837

Type: Global BPA

Effective Dates: 01/06/2012--31/07/2013

Item: AS16167

BU: BU1

Automatically generate orders flag: Yes

D :

BPA: 9986

Type: Local BPA

Effective Dates: 01/08/2012--31/10/2013

Item: AS16168

BU: BU1

Automatically generate orders flag: Yes

E :

BPA: 7998

Type: Local BPA

Effective Dates: 01/01/2012--30/09/2012

Item: AS16168

BU: BU1

Automatically generate orders flag: Yes

Answer: D

Fill Preparation Gaps with Free Online 1Z0-1065-24 Exam Practice

Buying Options: