[Sep-2021] Dumps Brief Outline Of The 1Z0-1065-20 Exam - TestKingFree
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NEW QUESTION 71
In Oracle Transactional Business Intelligence (OTBI), which subject area should you use to report on spend for purchase orders and their associated requisitions?
- A. Procurement - Purchasing Real Time
- B. Procurement - Spend
- C. Procurement - Requisitions Real Time
- D. Procurement - Procure to Pay Real Time
Answer: D
NEW QUESTION 72
Identify two control option that are enabled when a buyer selects the 'Group requisition lines' field while creating a Blanket Purchase Agreement. (Choose two.)
- A. Automatically submit for approval
- B. Use need-by date
- C. Apply price updates to existing orders
- D. Group requisitions
- E. Use ship-to organization and location
Answer: D,E
Explanation:
Explanation
If you want to group requisition lines across different requisitions into the same purchase order, enable the Group requisitions flag.
In order to group requisition lines into the same purchase order line, enable the Group requisition lines flag.
Theneed-by date and ship-to organization and location can optionally be used to group requisition lines.
References: Oracle Procurement Cloud Using Procurement (Release 9), page 163
NEW QUESTION 73
Your customer tells you that in their industry, the response document for an auction is called a 'Proposal' instead of the default Oracle term 'Bid', and that they would like to have all their negotiation documents reflect this terminology.
What should you do to meet this requirement? (Choose the best answer.)
- A. Customize the Descriptive Flexfield.
- B. Create a Purchasing Document Style.
- C. Create a Negotiation Template.
- D. Create a Negotiation Style.
- E. Create a Negotiation Type.
Answer: D
NEW QUESTION 74
Identify two Business Intelligence metrics that help users to compare prices through Oracle Sourcing.
- A. Price change
- B. Realized savings
- C. PO Price savings
- D. Projected savings
Answer: A,C
NEW QUESTION 75
Your customer is using Cloud Supplier Qualification Management and Procurement Sourcing.
What three actions can the category manager take within a negotiation to solicit additional information from suppliers or internal users? (Choose three.)
- A. Solicit information in your negotiation that in in addition to negotiation lines.
- B. Copy Supplier Qualification Questions in the negotiation as a requirement.
- C. Create reusable Supplier Qualification questions directly in the negotiation.
- D. Copy the Supplier Qualification Area and use it as a requirement section.
Answer: B,C,D
NEW QUESTION 76
Alliance Corp's approval policy requires the number of approvers to be based on the Item category. If the total amount of all items within a requisition with Item category "IT" is less than 1000 USD, then the IT manager needs to approve it. But if the total amount of IT category items within a requisition exceeds 1000 USD, then the IT manager, IT director, and CIO need to approve the document. For any other purchasing categories below 1000 USD, the purchasing manager approves it; and anything above 1000 USD, the procurement VP approves. Approval policy at Alliance Corp is configured to use the attribute type of "Summation" based on the IT category.
An employee submits the following requisition:
LINEDESCRIPTIONCATEGORYAMOUNT
1Mac LaptopIT. Laptop899.00
2LCD MonitorIT. Monitor250.00
3IPhone6Telephony. Cellphone 199.99\
Refer to the exhibit to select the final approving authority.
- A. Line 1 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager.
- B. Line 1 and Line 2 are approved by the IT manager, and Line 3 by the purchasing manager.
- C. Line 1 is approved by the purchasing manager, Line 2 by the IT manager, and Line 3 by the IT director.
- D. Line 1 is approved by the IT manager, Line 2 by the IT director, and Line 3 by the purchasing manager.
Answer: A
NEW QUESTION 77
Your customer requires that any approved requisition needs to be reapproved whenever a buyer updates a catalog requisition line during requisition processing.
Identify the correct setup to fulfill this requirement.
- A. Configure "requisition approval rule" to include the "Approval required for buyer modified lines" condition.
- B. Configure the PO Approval rule in such a way that buyer-modified requisition lines will go for approval again.
- C. In the "Configure requisitioning" business function, select "Approval required for buyer modified lines."
- D. After requisition modification, a buyer needs to reassign the requisition line to the requisition authority for approval.
Answer: C
NEW QUESTION 78
Your organization has multiple procurement business units. A Qualification manager wants to launch an initiative for assessment of suppliers. However, the manager is unable to select the qualification model that he or she defined earlier.
Identify the cause for this behavior.
- A. The Qualification manager has not selected the correct procurement BU.
- B. The Qualification manager is not defined as procurement agent.
- C. The qualification model is not yet approved.
- D. The Qualification manager does not have the "Manage Suppliers" action enabled in procurement agent definition.
Answer: A
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/procurement/20a/oaprc/manage-supplier-information.html#OAPRC122404 Default Assessment Owner: Select a user to set as the default assessment owner for all the accessing procurement BUs when this qualification model is included in an assessment. When a default assessment owner is assigned, then all the procurement BUs that have access to this model will have this user as the default assessment owner unless specified otherwise in the Business Unit Access or Business Unit Defaults table. Business Unit Access: You can assign a default assessment owner for various business units. When the area isn't global BU access, you can also add the procurement business units which can use this qualification model.
NEW QUESTION 79
In an implementation the user would like to send the 'External registration' link to their potential suppliers who will be using the Supplier Portal. Where will the user find this link?
- A. The 'External registration' link cannot be shared with any potential suppliers
- B. In Functional Setup Manager, user should navigate to the 'Configure Procurement Business Function' task and select appropriate Business Unit to find this link
- C. In Functional Setup Manager, user should navigate to the 'Configure Procurement and Payables Options' task and select appropriate Business Unit
- D. Under Supplier Master, the link is available in the menu
Answer: B
NEW QUESTION 80
Which two approval tasks can be performed by using the Manage Approval Rules user interface in Cloud Procurement?
- A. Item Creation Approval
- B. Supplier Registration Approval
- C. Purchasing Document Approval
- D. Expenses Approval
Answer: B,C
Explanation:
Explanation
https://docs.oracle.com/en/cloud/saas/procurement/20a/oapro/define-approval-management-for-procurement.htm
NEW QUESTION 81
In supplier qualification management, you have set up overall supplier response ranking, including Display overall rank to suppliers.
However for some suppliers, you are not seeing any overall rank being displayed. What is the reason? (Choose the best answer.)
- A. Overall rank is not calculated when there are no internal cost factors.
- B. Overall rank is only calculated for those suppliers on the approved supplier list.
- C. Overall rank is only calculated for spend authorized supplier responses.
- D. Overall rank is not calculated for responses with partial lines or quantities.
- E. Overall rank is not calculated for suppliers with expired supplier qualification assessments.
Answer: D
NEW QUESTION 82
During the User acceptance testing of your Cloud Procurement implementation, a user has created a purchase order and is trying to submit the purchase order for approval. On clicking Submit, the user gets a "Funds check failed" error.
Identify the cause of this error.
- A. Funds are insufficient and budget type is "Absolute".
- B. Funds are insufficient and budget type is "Advisory".
- C. Funds are available but the approver is not set up as "Budget Manager" for the selected budget for the business unit.
- D. Funds are insufficient and budget type is "Track".
Answer: A
Explanation:
Explanation
The options for budgetary control settings are as follows: Absolute, Advisory, end None Absolute: If Absolute is entered, the transaction is rejected unless funds are available.
Advisory: If Advisory is entered, the transaction is approved even when no funds or insufficient funds are available.
None: If None is entered, all transactions are approved and there is no funds check.
References:https://docs.oracle.com/cd/E18727_01/doc.121/e13567/T237204T237227.htm
NEW QUESTION 83
Your customer wants to use the Negotiations Online message functionality to interact with suppliers participating in a negotiation.
Identify three features of the Negotiation Online message functionality.
- A. The online messages will be retained for future reference and audit trail.
- B. You can send SMS to suppliers.
- C. You can do online chatting.
- D. You can add attachments in the message.
- E. Suppliers can raise clarifications for an auction online and you can respondwith answers online.
Answer: A,D,E
Explanation:
Explanation
C: TheAttachments Flag is a flag that indicates the presence of an attachment that can be downloaded online.
E:The Category Manager may receive inquiries from a supplier asking for clarification about a negotiation requirement or line attribute. The Category Manger pauses the negotiation while she is conducting a discussion with the supplier.
References:https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRC/F1007481AN23290.htm#F10074
https://docs.oracle.com/en/cloud/saas/procurement/20a/oaprc/manage-supplier-negotiations.html#OAPRC12133
NEW QUESTION 84
For audit compliance, you require supplier bank account changes made by your supplier administrator to be approved.
Which step achieves this? (Choose the best answer.)
- A. Configure Supplier Registration and Profile Change Request
- B. Manage Changes on Supplier Bank Accounts
- C. Manage Supplier Profile Change Approvals
- D. Set up Approve Internal Changes on Supplier Bank Accounts
- E. Set up Supplier-Initiated Profile Change Request
Answer: C
NEW QUESTION 85
During Cloud procurement implementation, your customer has a requirement to ensure that all purchasing documents must go through budgetary control and the purchasing transaction must be stopped from processing if the funds are unavailable.
Identify the configuration required to achieve this requirement.
- A. The budget must be set up with control level as Advisory.
- B. The budget must be set up with control level as Track.
- C. The budget must be set up with control level as Absolute.
- D. Select the "enforce budget" check box under the Configure Procurement Business Function
Answer: C
Explanation:
Explanation
The budget track level Absolute stops transactions when there are insufficient funds.
NEW QUESTION 86
Which sequence of steps should you follow to configure an approval rule to automatically approve without being sent to an approver?
- A. Create the routing for the rule so that it is sent to the initiator, set the Auto Action Enabled option to True, and then enter Approve in the auto action field.
- B. Create the routing for the rule so that it is sent to the initiator, enter Approve in the auto action field, and then set the Auto Action Enabled option to True.
- C. Create the routing for the rule so that it is sent to the initiator, select the Routing type as Serial, and then set the Auto Action Enabled option to True.
- D. Create the routing for the rule so that it is sent to the initiator, select the Routing type as Serial, and then set the Auto Action Enabled option to True.
Answer: A
Explanation:
Explanation
You can configure a specific rule to automatically approve without being sent to any approver. Modify the routing for that rule so that it is sent to the initiator (which means the requestor is the approver), set the Auto Action Enabled option to True, and enter APPROVE in the Auto Action field.
NEW QUESTION 87
In order to define a shipping method, what three options need to be set?
- A. FOB Lookup COde
- B. Contract
- C. Purchase Profile
- D. Mode of Transport
- E. Service Level
Answer: A,B,D
NEW QUESTION 88
A supplier has one corporate site location and three other site locations from where they supply goods to your client locations. Each site must have its own contract for negotiating and they must be restricted from viewing each other's negotiations.
How would you configure this?
- A. by giving the Procurement Agent role to the supplier contract
- B. by restricting supplier contract access to a specific supplier site
- C. by giving the Supplier Administrator role to the supplier contract
- D. by restricting supplier contract access to Supplier Level
Answer: A
NEW QUESTION 89
You have the following business requirements while configuring applications with related roles:
* 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 which stage are all Offerings and Functional Areas in.
Identify two setups that fulfill these requirements. (Choose two.)
- A. Although the Offering configuration can be changed any time, the changes will influence any of the existing implementation task lists.
- B. You should have an IT Security role in order to fulfill these requirements.
- C. You should change the Provisioned to "No" to specify the Offering that you want to choose while create an implementation project.
- D. After implementation tasks, you should set the status to "In Progress" or "Implemented".
- E. You should select the "Enable for Implementation" check box to specify the Options.
Answer: D,E
NEW QUESTION 90
Your customer is implementing the full suite of Cloud procurement. They would like to know how best they can utilize the Contract Terms library.
Identify three applications from where users can access the Contract Terms library for setting up "contract terms" for different documents. (Choose three.)
- A. Self Service Procurement
- B. Procurement Contracts
- C. Sourcing
- D. Purchasing
- E. Supplier Model
Answer: B,C,D
Explanation:
Explanation
C: The procedure for conducting and awarding a two-stage RFQ in Fusion Sourcing quote information includes contact terms.
D: Adding Contract Terms
IfOracle Fusion Procurement Contracts is installed and configured, you can access contract information created and stored in Procurement Contracts and associate it with your negotiation document. Such information could identify important deliverables or contract clauses suppliers must provide along with the timeline governing the deliverable management.
E: In Oracle Fusion Purchasing a purchase order can be created through an automated process or entered manually.
You can communicate your purchase orders andagreements along with any amendments, attachments, contract terms, and contractual deliverables to suppliers using print, fax, or e-mail.
References: Oracle Procurement Cloud Using Procurement (Release 9), pages 155, 213, and 248
NEW QUESTION 91
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