Oracle Inventory Cloud 2019 Implementation Essentials

QUESTION NO: 1
While performing the task "Create Chart of Accounts, Ledger, Legal Entities, and Business Units in Spreadsheet Task", you did not provide the functional currency; however, you mentioned that the legal entity country is the United States of America.
What will be the functional currency of the ledger you are defining?

A. The system will pick the first available currency from the List of Values. B. The system will ask the user to provide functional currency at the time of uploading the spreadsheet if it is not provided in the first place. C. The system will automatically pick "USD" as functional currency from the legal entity country. D. It is mandatory to provide functional currency because ledger cannot be defined without functional currency. The system will throw an error upon upload of the spreadsheet because all required fields are not populated. E. It is mandatory to provide functional currency, because ledger cannot be defined without functional currency. The system will throw an error upon processing.

Correct Answer: C

QUESTION NO: 2
What are the four steps for the move request process flow?

A. Run pick slip allocation B. Create Movement Request C. Create shipment D. Confirm pick slips E. Physically move the material F. Run the Movement Request Pick Slip Report

Correct Answer: B,D,E,F

QUESTION NO: 3
Your customer has a complex financial reporting structure.
Which three elements should you define first in order to form a basis for this reporting?

A. Legal, Autonomy, and Operational B. Tax, Legal, and Industry C. Managerial, Operational, and Industry D. Legal, Managerial, and Functional

Correct Answer: D

QUESTION NO: 4
Your supplier sent you stock against a consigned agreement. You transferred all the stock to owned and generated a consumption advice. An invoice was raised by the supplier and the payment made. A few days after using some of the quantities of the stock, you realized that some of the stock sent by the supplier is not of suitable quality and you need to send the stock back.
What is the process of returning the material?

A. Return the material and create a debit memo for the supplier. B. You have to cancel the invoice and send the material back without changing the ownership. C. You have to transfer the ownership of item and perform the return transaction. D. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.

Correct Answer: A

QUESTION NO: 5
You face a supply request exception due to some reason. You realize that you need to make some changes to the Manage Supply Request Exceptions page.
Which action will you perform?

A. Update the supply request and submit it. The errors will be resolved automatically. B. The supply request cannot be updated. The only way is to resolve the error in the source application and resubmit the request. C. Update the supply request and make user errors are resolved before resubmitting it. D. The supply request can be updated using a third-party application only.

Correct Answer: B

QUESTION NO: 6
In Supply Chain Orchestration, Automated Change Management performs which two functions?

A. changing the ship method on a sales order B. change to need by dates of a purchase order C. splitting of a sales order D. changing the supplier on a purchase order E. change to item attributes

Correct Answer: B,C

QUESTION NO: 7
What does the system do if you have not entered a count for a tag during physical inventory process?

A. Any adjustment will be rejected. B. A warehouse person will be notified. C. It will consider the current system quantity D. You will not be able to post without a quantity for every tag. E. It will adjust your on-hand balances down to zero quantity.

Correct Answer: E

QUESTION NO: 8
What are two outcomes when a lot expires on an item with lot control enabled?

A. It is issued out of stores. B. It is not included in cycle counts. C. It cannot be transacted. D. It cannot be reserved for a date beyond the expiration date. E. It remains in inventory, but is not considered on-hand when the user is performing min-max or reorder point planning calculations.

Correct Answer: D,E

Oracle Inventory Cloud 2019 Implementation Essentials - 1Z1-1073 Exam Questions