1Z0-1007 by Oracle Actual Free Exam Q&As

Question 1

Identify five business functions that must be configured in order to implement a complete Procure-to-Pay business process in Oracle Procurement Cloud. (Choose five.)

A. Inventory B. Requisitioning C. Invoicing D. Incentive Compensation E. Receiving F. Payments G. Purchasing

Discussion 0

Correct Answer: A,B,C,E,G Vote an answer

Question 2

An automobile parts manufacturer has decided to implement only the Cloud Purchasing product from the Oracle Procurement Cloud pillar. Which setup component will not be required for this implementation?

A. Document Styles B. Negotiation template C. Procurement Business Function D. Purchasing Line Types E. Procurement Agents

Discussion 0

Correct Answer: B Vote an answer

Question 3

In the Enterprise Structures setup, which functional area includes tasks to implement Business Units and Inventory Organizations?

A. Procurement Foundation B. Enterprise Profile C. Organization Structures D. Legal Structures

Discussion 0

Correct Answer: D Vote an answer

Question 4

During Oracle Procurement Cloud implementation, one of the requirements of the customer is to capture the revision history of Purchase Orders when 'notes to receiver' is entered or updated as part of a Change Order. Identify the setup that needs to be performed in order to capture change history when a user updates 'notes to receiver' as part of the Change Order.

A. Update the attribute 'notes to receiver' in the Change Order template for the Purchase Order. B. Update the attribute 'notes to receiver' in supplier site assignment for the supplier site. C. Update the attribute 'notes to receiver' in Common Payables and Procurement Options' for the procurement Business Unit. D. Update the attribute 'notes to receiver' in Configure Requisitioning Business Function' for the requisitioning Business Unit.

Discussion 0

Correct Answer: A Vote an answer

Question 5

Your organization is implementing Supplier Qualification Management (SQM) and wants the supplier qualification process to be executed with segregation of duties in the following manner:
For qualification manager (Vendor development team-VD)
Independent evaluation (Procurement Department-PD)
Involvement of internal subject matter experts (SME)
Identify the correct setup to meet this requirement.

A. initiatives created and owned by VD, internal response by SME, and evaluation by PD B. initiatives created and owned by VD, internal response by PD, and evaluation by SME C. initiatives created and owned by VD, internal response by VD, and evaluation by SME D. initiatives created and owned by VD, internal response and evaluation by SME

Discussion 0

Correct Answer: A Vote an answer

Question 6

For external supplier self-service registration, you can define web pages and specify the URL for each page, for prospective and spend authorized suppliers.
In Setup and Maintenance which task should be used for this purpose?

A. Configure Requisitioning Business Function B. Configure Procurement Business Function C. Manage Server Configurations D. Configure Supplier Registration and Profile Change Requests

Discussion 0

Correct Answer: B Vote an answer

Oracle Procurement Cloud 2018 Implementation Essentials - 1Z0-1007 Exam Practice Test