Oracle 1Z0-1065-23 Oracle Procurement Cloud 2023 Implementation Professional QUESTION & ANSWERS https://www.genuinedumps.com/1Z0-1065-23-exam-questions.html QUESTION 1 Identify the document in which the Supplier field is not mandatory A. B. C. D. E. Invoice Quotation Requisition Purchase Order Request for Quotation Correct Answer: A QUESTION 2 Oracle Cloud applications provide a set of predefined Job Roles which can be assigned to users for performing specific activities/operations. Identify the two job roles that can be defined for Cloud Procurement users? A. B. C. D. Sourcing Project Collaborator Procurement Agent Procurement Contracts Administrator Procurement Administrator Correct Answer: A,C QUESTION 3 While defining the setup 'Define Requisition Configuration', which four options are available for the 'Group Requisition Import By' field? A. B. C. D. E. F. Requester Location Supplier Item Supplier Site CategoryReference http://docs.oracle.com/cd/A60725_05/html/comnls/us/po/timpreq.htm Correct Answer: B,C,D,F https://www.genuinedumps.com/1Z0-1065-23-exam-questions.html QUESTION 4 In Oracle Transactional Business Intelligence (OTBI), which subject area should you use to report on spend for purchase orders and their associated requisitions? A. B. C. D. Procurement -- Purchasing Real Time Procurement -- Procure to Pay Real Time Procurement -- Spend Procurement -- Requisitions Real Time Correct Answer: B QUESTION 5 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. In the ''Configure requisitioning'' business function, select ''Approval required for buyer modified lines.'' B. After requisition modification, a buyer needs to reassign the requisition line to the requisition authority for approval. C. Configure the PO Approval rule in such a way that buyer-modified requisition lines will go for approval again. D. Configure ''requisition approval rule'' to include the ''Approval required for buyer modified lines'' condition. Correct Answer: A QUESTION 6 Identify the THREE functions that a Buying Organization is able to perform after it provides its Suppliers the access to the 'Supplier Portal' : A. Evaluate prospective suppliers by routing their registrations through a collaborative review process using a flexible rules engine B. Collect information about prospective suppliers through a self-guided registration flow C. Consolidate suppliers and supplier sites to clean up duplicate suppliers or support supplier acquisitions D. Import supplier data and related entities E. Create Negotiation flow internally on behalf of prospective suppliers https://www.genuinedumps.com/1Z0-1065-23-exam-questions.html Correct Answer: A,B,E QUESTION 7 A Procurement Contracts user wants to create a deliverable with output document as Purchase Order in Oracle Purchasing Cloud. The user would like to know the status of the PO creation and also details of the PO. Identify the location where the user can view this information. A. The user cannot view the PO information in Procurement contract. They must navigate to Purchasing. B. The user can view the purchase order in the Deliverable tab of that contract in Procurement Contracts. C. The user can view the purchase order in the ''Purchasing Activity'' tab under the Fulfillment tab of that contract in Procurement Contracts. D. The user can view the PO information under the Purchasing tab in contract line of that contract in Procurement Contracts.You must run the Track Purchasing Activity process to display information about the status of purchase orders or agreements created in Oracle Fusion Purchasing on the contract fulfillment's Purchasing Activity tab. References:https://docs.oracle.com/cloud/farel8/procurementcs_gs/FASCA/F1174615AN1AFD6.htm Correct Answer: C QUESTION 8 Your customer wants to change the Need-by-Date of an open Purchase Order. To make this change, a Change Order is initiated by the customer and the request is now being reviewed by the supplier. What will be the status of the Purchase Order and the Change Order in the system? A. Purchase Order: Pending Supplier Acknowledgement; Change Order: Pending Supplier Acknowledgement B. Purchase Order: Open; Change Order: Pending Supplier Acknowledgement C. Purchase Order: Pending Supplier Acknowledgement; Change Order: Open D. Purchase Order: Open; Change Order: Open E. Purchase Order: Open; Change Order: New Correct Answer: A https://www.genuinedumps.com/1Z0-1065-23-exam-questions.html QUESTION 9 You want Supplier Accounts to be created by external supplier users in Supplier Portal. Which Supplier Registration option would allow this? A. B. C. D. Global Supplier Registration Discrete Supplier Registration Internal Supplier Registration External Supplier Registration Correct Answer: D QUESTION 10 Your customer tells you that the agreement document sequencing should be 10-digit numbers starting with 999 (for example 9990000001, 9990000002, and so on) and the negotiation document sequencing should also be 10-digit numbers but should start with 777 (for example 7770000001, 7770000002, and so on). Identify the functional task where you will set up the required document numbering. A. B. C. D. E. Configure Requisitioning Business Function Configure Procurement Business Function Manage Document Styles Manage Payables Document Sequence Manage Purchasing Value Sets Correct Answer: B QUESTION 11 Identify the functionality of Self Service Procurement that allows a Requester a 360-degree view of any purchasing document, such as a Requisition or PO. A. B. C. D. E. View pdf View Full Details Manage Train Stops Manage Life Cycle Workflow administration Correct Answer: D https://www.genuinedumps.com/1Z0-1065-23-exam-questions.html QUESTION 12 Your customer has several Procurement centers across the world. During implementation, the customer wants to implement the same payment terms policy for all the Business units. Identify the correct approach to fulfill this customer requirement in the application using Functional Setup Manager A. Define same payment terms across all Business Units B. Define 'Payment Terms' and assign those to one reference object. Then assign that reference object to all Business Units for reference object 'Payment Terms' C. Use 'Common' reference object for all Business Units D. Define Payment Terms in each business unit and assign those to different reference objects specific to those Business Units? Correct Answer: B QUESTION 13 For Payables and Procurement, what three common controls and default values need to be set for each business unit? A. B. C. D. E. Collaboration Messaging Automatic Offsets Buyer Assignment Currency Conversion Expense AccrualsDefault distributionsAutomatic offsetsCurrency conversionExpense accrualsSelfbilled invoicesLegal entity information Correct Answer: B,D,E QUESTION 14 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. B. C. D. E. Set up Approve Internal Changes on Supplier Bank Accounts Manage Supplier Profile Change Approvals Set up Supplier-Initiated Profile Change Request Manage Changes on Supplier Bank Accounts Configure Supplier Registration and Profile Change Request https://www.genuinedumps.com/1Z0-1065-23-exam-questions.html Correct Answer: B QUESTION 15 Identify the three sources from which Supplier Qualification Management gathers the required data (supplier information) A. B. C. D. E. Qualification questionnaires Sourcing bids Profile updates Legacy systems Expired Contracts Correct Answer: A,B,C QUESTION 16 What is the difference between Prospective and Spend authorized suppliers? A. Prospective suppliers are limited to purchase orders, whereas both purchase order and agreement can be created for Spend authorized suppliers. B. Prospective suppliers are suggested by internal users, whereas Spend authorized suppliers are registered externally. C. Prospective suppliers are limited to sourcing and qualification activities, whereas Spend authorized suppliers are limited to purchase orders and agreements. D. Prospective suppliers can participate in Sourcing activities only, whereas Spend authorized suppliers can participate in all Procure-to-Pay activities. Correct Answer: D Explanation/Reference: Prospective suppliers have a restricted level of access. They can participate in supplier qualification initiatives, and they can view and respond to negotiations. Prospective suppliers are identified within the application by an icon that indicates their prospective status. If the category manager decides to award business to a prospective supplier who responded to a negotiation, that supplier will need to be authorized in the application to conduct spend transactions with the buying organization before a purchase document can be created for that supplier. Spend authorization requires a more complete level of information about the supplier and is subject to approval by the supplier manager. Once the supplier is approved for spend operations, they have access to all the normal capabilities of the application. References: Oracle Procurement Cloud Using Procurement (Release 9), page 239 https://www.genuinedumps.com/1Z0-1065-23-exam-questions.html
