Oracle Procurement Cloud 2021 Implementation Essentials

QUESTION NO: 1
Identify three activities performed by a Business Unit that has been configured only for the Procurement function.

A. Create/Manage Purchase Order B. Create/Manage Supplier Sites C. Create/Manage Supplier Invoices D. Create/Manage Catalogs E. Create/Manage Requisitions

Correct Answer: A,B,E

QUESTION NO: 2
You define a payment term Net 30 in the "Define Payment Terms" task. While configuring a supplier, you try to assign the payment term Net 30 to a supplier site but the list of values (LOV) is empty.

A. The supplier site is inactive. B. The payment term Net 30 is not defined at procurement options. C. The data set containing the payment term Net 30 is not assigned to the procurement BU. D. The payment term Net 30 is not active.

Correct Answer: C

QUESTION NO: 3
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. Create a Negotiation Style. B. Create a Negotiation Template. C. Create a Purchasing Document Style. D. Create a Negotiation Type. E. Customize the Descriptive Flexfield.

Correct Answer: A

QUESTION NO: 4
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. You can do online chatting. B. Supplierscan raise clarifications for an auction online and you can respondwith answers online. C. You can add attachments in the message. D. You can send SMS to suppliers. E. The online messages will be retained for future reference and audit trail.

Correct Answer: B,C,E

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QUESTION NO: 5
Identify the Duty role that you need to associate with theJob role to enable the "new supplier request" functionality.

A. Supplier sales representative duty B. Supplier Self Service administrator duty C. Supplier Self Service clerk duty D. Supplier bidder duty E. Submit supplier registration duty

Correct Answer: E

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QUESTION NO: 6
Which two job roles can access the Procurement Dashboard?

A. Category Manager B. Procurement Requester C. Procurement Preparer D. Buyer E. Procurement Manager

Correct Answer: C,E

QUESTION NO: 7
During a Cloud Procurement implementation, you have gathered the required details for setting up approvals forblanket purchase agreements. Identify the task under which you will need to configure the business rules setup in approval management system:

A. Manage Purchasing Document Approval B. 'Blanket agreement approval' task C. 'Purchasing agreement approval' task D. 'Purchasing document management'task E. 'Requisition approval' task

Correct Answer: D

QUESTION NO: 8
You created a sourcing two-stage sealed RFQ and invited five suppliers to participate. The Technical stage is completed and the Commercial stage is unlocked.
At this time in the award negotiation section, in the Award Line you are able to see only three supplier's responses as active responses. You are not able to see the other two suppliers' data in the active responses.
Which two reasons are causing this? (Choose two.)

A. You have entered these two suppliers' responses as surrogate responses by a buyer. In the Commercial stage, the buyer has not yetentered surrogate responses. B. Suppliers were not shortlisted in the Technical stage. C. Suppliers have entered the responses. Because the RQF is sealed, you are not able to view these two supplier's data. D. Supplier responses are closed. E. Suppliers were already awarded.

Correct Answer: A,B

QUESTION NO: 9
Yourcustomer 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?

A. by setting up the Default Procurement BU in the Requisitioning Business Function B. by setting up a Service Provider relationship in the Business Unit setup 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

Correct Answer: B

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QUESTION NO: 10
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 1000USD, 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. Cellphone199.99\
Refer to the exhibit to select the final approving authority.

A. Line 1 is approved by the IT manager, Line 2 by the IT director, and Line 3 by the purchasing manager. B. Line 1 and Line 2 are approved by the ITmanager, 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 and Line 2 are approved by the CIO, and Line 3 by the purchasing manager.

Correct Answer: D

QUESTION NO: 11
Which option would the application first look at to default the Location field in the Purchase Order Line?

A. Purchase Order Header B. Supplier site assignment record of the supplier site inthe Requisitioning BU. C. BU assignment record of the source agreement that corresponds to the Requisitioning BU D. "Requisitioning Business Function Configuration" task of the Requisitioning BU.

Correct Answer: A

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Oracle Procurement Cloud 2021 Implementation Essentials - 1Z0-1065-21 Exam Questions