Oracle Fusion Cloud Procurement 2024 Implementation Professional - 1z0-1065-24 Exam Questions
QUESTION NO: 1
To streamline negotiation communication between your organization and your suppliers, you have opted in to the Share Enterprise Contracts feature in Supplier Portal.
Under which three conditions can you access this feature?
To streamline negotiation communication between your organization and your suppliers, you have opted in to the Share Enterprise Contracts feature in Supplier Portal.
Under which three conditions can you access this feature?
Correct Answer: A,D,E
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 2
Your client wants to be able to automate the process to ask employees to evaluate their suppliers periodically and enable a touchless process to track supplier performance over time.
Which feature do they need to opt in to?
Your client wants to be able to automate the process to ask employees to evaluate their suppliers periodically and enable a touchless process to track supplier performance over time.
Which feature do they need to opt in to?
Correct Answer: B
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 3
When responding to a negotiation, the supplier can see their response amount and also a transformed amount in the negotiation. Which type of cost factor is added to the response amount to calculate the transformed amount?
When responding to a negotiation, the supplier can see their response amount and also a transformed amount in the negotiation. Which type of cost factor is added to the response amount to calculate the transformed amount?
Correct Answer: E
QUESTION NO: 4
You need to set up a Procurement business unit to serve the procurement needs of various Requisitioning business units.
What must you set up in Oracle Fusion Cloud Procurement to meet this requirement?
You need to set up a Procurement business unit to serve the procurement needs of various Requisitioning business units.
What must you set up in Oracle Fusion Cloud Procurement to meet this requirement?
Correct Answer: A
Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).
QUESTION NO: 5
Your client wishes to use amount-based line items when they are ordering a service, for example, they might order $5000 of consulting services over the next year.
Which two fields can be defaulted in from the purchase order line?
Your client wishes to use amount-based line items when they are ordering a service, for example, they might order $5000 of consulting services over the next year.
Which two fields can be defaulted in from the purchase order line?
Correct Answer: A,D
QUESTION NO: 6
Which three areas in Oracle Fusion Cloud Procurement offer strategic procurement?
Which three areas in Oracle Fusion Cloud Procurement offer strategic procurement?
Correct Answer: A,D,E
QUESTION NO: 7
Challenge 2
Manage Business Unit
Scenario:
Your organization needs to establish a business unit to manage its procurement activities and assign it to the newly created purchasing location in Redwood City, CA.
Task 2
Create a new Business Unit for your purchasing organization, where you need to:
. Name the business unit as PRCXX Business Unit (Replace xx with 01, which is your allocated User ID.)
. Assign the location previously created
. Link to the USLOCS default set
Challenge 2
Manage Business Unit
Scenario:
Your organization needs to establish a business unit to manage its procurement activities and assign it to the newly created purchasing location in Redwood City, CA.
Task 2
Create a new Business Unit for your purchasing organization, where you need to:
. Name the business unit as PRCXX Business Unit (Replace xx with 01, which is your allocated User ID.)
. Assign the location previously created
. Link to the USLOCS default set
Correct Answer:
See below in Explanation for each Step.
Explanation:
To create a new Business Unit for your purchasing organization, you can follow these steps:
* Navigate to the Setup and Maintenance work area and search for the Manage Business Unit task.
* Click on the Go to Task icon to open the Manage Business Unit page.
* Click on the Create icon to create a new business unit.
* Enter the following information in the Create Business Unit dialog box:
* Name: PRC01 Business Unit
* Location: PRC01 Location
* Default Set: USLOCS
* Click on the Save and Close button to save the business unit.
You have successfully created a new business unit for your purchasing organization. You can verify the business unit details by searching for it in the Manage Business Unit page.
Or use the following Steps:Following the scenario, we need to create a new Business Unit in Oracle Procurement Cloud for your purchasing organization and assign the previously created location in Redwood City, CA.
Here are the steps to create the Business Unit:
* Navigate to Manage Business Units:
* Go to the Global Navigation Menu.
* Click on Setup and Maintenance.
* Click on Business Units under Common Tasks.
* Create the Business Unit:
* Click on the Create icon (+ icon).
* Enter the Business Unit Information:
* Name: Enter "PRCXX Business Unit" (replace xx with 01).
* Default Location: Select "PRCXX Location" (replace xx with 01) from the dropdown list.
* Default Set: Select "USLOCS" from the dropdown list.
* Description: (Optional) Enter a brief description of the business unit.
* Save the Business Unit:
* Click on the Save button.
Verification:
* The Business Unit "PRCXX Business Unit" (replace xx with 01) should now be listed in the Manage Business Units page.
* You can verify the details of the business unit by clicking on it.
* The default location and set should be displayed as "PRCXX Location" (replace xx with 01) and
"USLOCS," respectively.
Additional Notes:
* Make sure to replace "xx" with your allocated User ID (01) in both the Business Unit name and code for consistent naming convention.
* Assigning the US Location Set to the Business Unit ensures that it inherits the legal entities, accounts, and other context information from that set.
Explanation:
To create a new Business Unit for your purchasing organization, you can follow these steps:
* Navigate to the Setup and Maintenance work area and search for the Manage Business Unit task.
* Click on the Go to Task icon to open the Manage Business Unit page.
* Click on the Create icon to create a new business unit.
* Enter the following information in the Create Business Unit dialog box:
* Name: PRC01 Business Unit
* Location: PRC01 Location
* Default Set: USLOCS
* Click on the Save and Close button to save the business unit.
You have successfully created a new business unit for your purchasing organization. You can verify the business unit details by searching for it in the Manage Business Unit page.
Or use the following Steps:Following the scenario, we need to create a new Business Unit in Oracle Procurement Cloud for your purchasing organization and assign the previously created location in Redwood City, CA.
Here are the steps to create the Business Unit:
* Navigate to Manage Business Units:
* Go to the Global Navigation Menu.
* Click on Setup and Maintenance.
* Click on Business Units under Common Tasks.
* Create the Business Unit:
* Click on the Create icon (+ icon).
* Enter the Business Unit Information:
* Name: Enter "PRCXX Business Unit" (replace xx with 01).
* Default Location: Select "PRCXX Location" (replace xx with 01) from the dropdown list.
* Default Set: Select "USLOCS" from the dropdown list.
* Description: (Optional) Enter a brief description of the business unit.
* Save the Business Unit:
* Click on the Save button.
Verification:
* The Business Unit "PRCXX Business Unit" (replace xx with 01) should now be listed in the Manage Business Units page.
* You can verify the details of the business unit by clicking on it.
* The default location and set should be displayed as "PRCXX Location" (replace xx with 01) and
"USLOCS," respectively.
Additional Notes:
* Make sure to replace "xx" with your allocated User ID (01) in both the Business Unit name and code for consistent naming convention.
* Assigning the US Location Set to the Business Unit ensures that it inherits the legal entities, accounts, and other context information from that set.
QUESTION NO: 8
When discussing potential supplier qualification questions, the customer would like to be able to map questions directly to supplier profile information.
Which two attributes can be mapped to questions in the supplier profile?
When discussing potential supplier qualification questions, the customer would like to be able to map questions directly to supplier profile information.
Which two attributes can be mapped to questions in the supplier profile?
Correct Answer: D,E
