1z0-1065-23 Premium Files Updated Jan-2024 Practice Valid Exam Dumps Question
Practice with 1z0-1065-23 Dumps for Oracle Procurement Cloud Certified Exam Questions & Answer
NEW QUESTION # 10
In Sourcing, on which option is the ranking based when you set Overall Ranking Method to "Composite scoring"?
- A. Assess suppliers on both pricing and supplier eligibility.
- B. Assess suppliers on both pricing and qualitative aspects.
- C. Assess suppliers on both pricing and external cost factors.
- D. Assess suppliers on both pricing and internal cost factors.
Answer: B
Explanation:
Explanation
When you set the Overall Ranking Method to Composite scoring, you can assess suppliers on both pricing and qualitative aspects. Qualitative aspects include requirements such as technical capabilities, other commercial considerations, or risk. You can assign weights to requirement sections, including pricing, and calculate a composite score for each supplier based on their response amount and requirement scores. The composite score is a combination of the relative score for pricing and the weighted requirement score. The higher the composite score, the higher the overall rank. This way, you can rank suppliers not just based on the best pricing offered, but also on how well they meet your requirements.
References:
Rank Suppliers Based on Composite Score of Pricing and Requirements1
Oracle Supplier Negotiations2
NEW QUESTION # 11
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?
- A. Full Supplier Profile Change Management
- B. Conduct Internal Surveys for Supplier Qualification
- C. Assess Supplier Eligibility for Sourcing
- D. Sourcing Programs
Answer: B
Explanation:
Explanation
The feature that enables the automation of supplier evaluation by employees is Conduct Internal Surveys for Supplier Qualification. This feature allows you to create and publish internal surveys to collect feedback from employees who have interacted with suppliers. You can use predefined or custom questions, assign survey respondents, and schedule survey frequency. The survey responses are automatically captured and aggregated in the supplier qualification work area, where you can view the supplier performance scores and trends over time. This feature helps you to monitor and improve supplier performance, as well as identify potential risks and opportunities.
References:
Conduct Internal Surveys for Supplier Qualification
How You Conduct Internal Surveys for Supplier Qualification
Oracle Fusion Cloud Procurement: Supplier Qualification
NEW QUESTION # 12
Which seeded role must be associated with a supplier user account for the supplier to be able to respond to invited negotiations?
- A. Supplier Self Service Administrator
- B. Supplier Customer Service Representative
- C. Supplier Sales Representative
- D. Supplier Bidder
- E. Supplier Contract Manager
Answer: D
Explanation:
Explanation
The seeded role that must be associated with a supplier user account for the supplier to be able to respond to invited negotiations is Supplier Bidder. This role grants the supplier user the ability toview and respond to negotiations, create and manage responses, and view award decisions. The other roles are not relevant for this purpose.
References:
Supplier Administrator (Abstract Role) - Oracle, section "Supplier Bidder (Abstract Role)".
Set Up Supplier Roles - Oracle, section "Supplier Bidder Role".
NEW QUESTION # 13
Your customer requires any approved requisition to be reapproved whenever a buyer updates a catalog requisition line during requisition processing.
How must they set this up?
- A. Configure a Requisition Approval rule to include the "Approval required for buyer modified lines'' condition.
- 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. In the Configure Requisitioning Business Function task, select "Approval required for buyer modified lines".
Answer: D
Explanation:
Explanation
This option enables the customer to require any approved requisition to be reapproved whenever a buyer updates a catalog requisition line during requisition processing. This ensures that any changes made by the buyer are reviewed and approved by the appropriate authority before the requisition is converted to a purchase order.
References:
Considerations for Setting Up Requisition Approval Task: This document explains the preconfigured requisition approval elements and how to configure requisition approval rules using the Manage Requisition Approvals task.
Overview of Managing Approvals and Notifications: This document provides an overview of the approval management framework and the approval rules management for procurement. It also describes the employee supervisor hierarchy approval rules and the user-defined attributes assignments and routing.
NEW QUESTION # 14
Challenge 7
Manage Qualification Areas
Scenario
Your procurement organization needs to group and organize qualification questions into a hierarchical structure.
Task
Create an active Qualification Area to hold the qualification question created previously, where:
. Name of the area is PRCXX Area 1 (Replace xx with 01, which is your allocated User ID.)
. Description references company history
. Owning procurement BU is US1 Business Unit
Expiration period is 10 days
. Questions and outcomes contain three options: Excellent, Average, Poor
Answer:
Explanation:
See below in Explanation for each Step.
Explanation
Task 7: Create a Qualification Area for Supplier Questions
Following the scenario, we need to create a new Qualification Area in Oracle Procurement Cloud named
"PRCXX Area 1" (replace xx with 01) to organize the previously created supplier question.
Here are the steps to create the Qualification Area:
Navigate to Manage Qualification Areas:
Go to the Global Navigation Menu.
Click on Procurement.
Click on Setup and Maintenance.
Click on Supplier Qualification.
Click on Areas.
Create the Qualification Area:
Click on the Create icon (+ icon).
Enter the Qualification Area Information:
Name: Enter "PRCXX Area 1" (replace xx with 01).
Description: Enter a brief description, such as "Company History and Experience".
Owning Procurement BU: Select "US1 Business Unit".
Expiration Period: Enter "10" in the Days field. This defines how long a supplier's responses will be valid before requiring re-evaluation.
Default Qualification Owner: (Optional) Select a user who will be automatically assigned as the owner for newly created qualifications associated with this area.
Active: Select "Yes" to activate the area.
Add Qualification Questions:
Click on the Questions and Outcomes icon.
Select the previously created supplier question "PRCXX Q1" (replace xx with 01).
Click on the Add icon (+ icon) to add it to the area.
Define Outcomes:
Click on the Outcomes tab.
Click on the Create icon (+ icon) to define possible outcomes for the area.
Enter three outcome options:
Excellent
Average
Poor
Assign a score or weight to each outcome if desired.
Save the Qualification Area:
Click on the Save button.
Verification:
The Qualification Area "PRCXX Area 1" (replace xx with 01) should now be listed in the Manage Qualification Areas page.
You can verify the area details, description, and associated supplier question by clicking on it.
The owning procurement BU, expiration period, default owner, active status, and defined outcomes should be displayed as specified above.
Additional Notes:
Make sure to replace "xx" with your allocated User ID (01) in the area name for consistent naming convention.
The expiration period determines how often suppliers need to update their information for this area.
Adding a default qualification owner simplifies the assignment process for new qualifications.
Defining outcomes allows you to evaluate the responses to the qualification questions and assign scores or weights based on their performance.
NEW QUESTION # 15
An electronics parts manufacturer has decided to implement only the Purchasing application from the Oracle Fusion Cloud Procurement pillar.
Which setup component will they NOT require for this implementation?
- A. Change Order Template
- B. Document Style
- C. Cost Factors
- D. Requisitioning Business Function
- E. Procurement Agents
Answer: C
Explanation:
Explanation
Cost factors are used to identify charges associated with a negotiation line in addition to price, such as shipping and handling, retooling, or import duties. Cost factors are part of the Supplier Negotiation application, which is not required for implementing only the Purchasing application. The other options are all setup components that are needed for the Purchasing application.
References:
Create Cost Factors
REST API for Oracle Fusion Cloud Procurement - External Cost Factors and External Cost Factors
NEW QUESTION # 16
Challenge 3
Manage Purchasing Line Types
Scenario:
Your business unit requires a new line type for purchasing transactions.
Task3:
Create a new Purchasing Line Type, where:
. Name of the line type is PRCXX Computer Goods (Replace xx with 01, which is your allocated User ID.)
Code is PRCXXCOMP
. Purchase basis is quantity-based for the Goods product type
. Line type is linked to the Computer Supplies category
. Unit is Ea
Answer:
Explanation:
See below in Explanation for each Step.
Explanation
To create a new Purchasing Line Type, you can follow these steps:
Navigate to the Setup and Maintenance work area and search for the Manage Purchasing Line Types task.
Click on the Go to Task icon to open the Manage Purchasing Line Types page.
Click on the Create icon to create a new line type.
Enter the following information in the Create Line Type dialog box:
Name: PRC01 Computer Goods
Code: PRC01COMP
Purchase Basis: Quantity
Product Type: Goods
Category: Computer Supplies
Unit of Measure: Ea
Click on the Save and Close button to save the line type.
You have successfully created a new Purchasing Line Type. You can verify the line type details by searching for it in the Manage Purchasing Line Types page. For more information on how to define and use line types, you can refer to the Defining Line Types (Oracle Purchasing Help) document.
Or use the following:
Following the scenario, we need to create a new Purchasing Line Type in Oracle Procurement Cloud named
"PRCXX Computer Goods" (replace xx with 01) for purchasing computer supplies.
Here are the steps to create the Purchasing Line Type:
Navigate to Manage Purchasing Line Types:
Go to the Global Navigation Menu.
Click on Procurement.
Click on Setup and Maintenance.
Click on Purchasing Line Types.
Create the Purchasing Line Type:
Click on the Create icon (+ icon).
Enter the Purchasing Line Type Information:
Name: Enter "PRCXX Computer Goods" (replace xx with 01).
Code: Enter "PRCXXCOMP".
Purchase Basis: Select "Quantity-Based".
Product Type: Select "Goods".
Category: Select "Computer Supplies".
Unit: Enter "Ea" (for Each).
Description: (Optional) Enter a brief description of the line type.
Map Accounts:
Click on the Map Accounts tab.
Select the appropriate accounts for the following:
Inventory Asset Account
Inventory Expense Account
Cost of Goods Sold Account
Click on the Save and Close button.
Save the Purchasing Line Type:
Click on the Save button.
Verification:
The Purchasing Line Type "PRCXX Computer Goods" (replace xx with 01) should now be listed in the Manage Purchasing Line Types page.
You can verify the details of the line type by clicking on it.
The purchase basis, product type, category, unit, and mapped accounts should be displayed as specified above.
Additional Notes:
Make sure to replace "xx" with your allocated User ID (01) in both the Purchasing Line Type name and code for consistent naming convention.
Mapped accounts define where the financial transactions associated with this line type will be posted in the General Ledger.
Carefully review the mapped accounts to ensure they are aligned with your organization's accounting practices.
NEW QUESTION # 17
You have the following business requirements 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 at which stage all offerings and functional areas are.
Which two fulfill these requirements?
- A. Change Provisioned to "No" to specify the offering that you want to select while creating an implementation project.
- B. After creating the implementation project, set the status of tasks to in Progress or Implemented.
- C. Although the offering configuration can be changed at any time, the changes will influence any existing implementation task lists.
- D. You need the IT Security role to fulfill these requirements.
- E. Select the Enable check box to specify the options.
Answer: B,E
Explanation:
Explanation
When you create an implementation project, you can select the offerings and functional areas that you want to implement by selecting the Enable check box for each option. This will generate a list of setup tasks for the selected options. You can also see the status of each offering and functional area, such as Provisioned, Enabled, or Not Enabled. After creating the implementation project, you can update the status of each task to indicate the progress of the implementation. You can set the status to In Progress, Implemented, or Not Applicable. This will help you to identify the stage of each offering and functional area in the implementation project.
References:
How You Use Implementation Projects to Manage Setup
Oracle Fusion Applications Procurement Implementation Guide, Section 2.1: "Create Implementation Project"
NEW QUESTION # 18
When you are creating your purchase orders, you want to be able to apply discounts to all purchase order lines with a single action and have opted in to the feature.
Which are the two conditions when the base price CANNOT be changed?
- A. The purchase order line is for catalog items.
- B. The purchase order line is included on a Procurement Contract.
- C. The purchase order tine is created from a punchout marketplace that does not allow the price to be changed.
- D. The purchase order line is received or billed, and the procurement business unit configuration does not allow manual price updates.
Answer: B,C
Explanation:
Explanation
The base price of a purchase order line cannot be changed if the line is created from a punchout marketplace that does not allow the price to be changed, or if the line is included on a procurement contract. These are the two conditions that prevent the application of discounts to all purchase order lines with a single action.
References:
Oracle Fusion Applications Procurement Implementation Guide, section "Purchase Order Pricing", subsection "Price Change Conditions".
PRC:PO: Purchase Order Price Is Not Updated After A Change Order ..., section "Cause", subsection
"Solution".
NEW QUESTION # 19
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?
- A. The contract is in Active status.
- B. The contract is in Under amendment status.
- C. The contract is of Sell intent.
- D. The contract is in Draft status.
- E. The contract is of Buy intent.
Answer: A,D,E
Explanation:
Explanation
The Share Enterprise Contracts feature in Supplier Portal allows you to share contracts with your suppliers and collaborate on contract terms and deliverables. You can access this feature under the following conditions:
The contract is in Active status: This means that the contract has been approved and accepted by both parties and is ready for execution. You can share the contract with your supplier to monitor the contract fulfillment and performance1.
The contract is of Buy intent: This means that the contract is a procurement contract that governs the purchase of goods or services from a supplier. You can share the contract with your supplier to negotiate the contract terms and conditions2.
The contract is in Draft status: This means that the contract has been created but not yet submitted for approval. You can share the contract with your supplier to solicit feedback and input on the contract content3.
References:
Share Contracts, Section 1: "Share Contracts"
Overview of Procurement Contracts, Section 1: "Overview of Procurement Contracts" Create Procurement Contracts, Section 1: "Create Procurement Contracts"
NEW QUESTION # 20
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?
- A. Default Procurement BU relationship in the Requisitioning business function setup
- B. Service Provider relationship in the Requisitioning business unit setup
- C. Default Requisitioning business unit relationship in the Procurement Agent setup
- D. Spend Authorized relationship between a Supplier and a Requisitioning business unit
Answer: B
Explanation:
Explanation
To set up a Procurement business unit to serve the procurement needs of various Requisitioning business units, you must set up a Service Provider relationship in the Requisitioning business unit setup. This relationship defines the Procurement business unit as the service provider of the procurement business function, and the Requisitioning business units as its clients. This way, the Procurement business unit can take care of supplier negotiations, supplier site maintenance, and purchase order processing on behalf of the Requisitioning business units. The other options are not relevant for this requirement.
References:
1: Service Provider Models - Oracle
2: Implement Procurement - docs.oracle.com
[3]: Setup Steps in Oracle Fusion Cloud Procurement
NEW QUESTION # 21
In the application, you can now view negotiation details for Purchase Orders and Purchase Agreements created as negotiation award outcomes.
Which tool should you use to make the field available?
- A. Page Composer
- B. Appearance Composer
- C. Application Composer
- D. Workflow Composer
- E. Structure Composer
Answer: A
Explanation:
Explanation
Page Composer is a tool that you can use to customize the user interface of Oracle Fusion Cloud Procurement applications by adding, removing, or rearranging fields on pages. You can also modify the properties and styles of the fields, and add flex fields and hyperlinks. To make the negotiation details field available for Purchase Orders and Purchase Agreements, you can use Page Composer to edit the page layout and add the field from the source pane. You can also specify the conditions and expressions for displaying the field.
References:
Modify the Requisitions Page Layout Using Page Composer, Section 1: "Modify the Requisitions Page Layout Using Page Composer" Page Composer, Section 1: "Page Composer"
NEW QUESTION # 22
In the application, you can now view negotiation details for Purchase Orders and Purchase Agreements created as negotiation award outcomes.
Which tool should you use to make the field available?
- A. Page Composer
- B. Appearance Composer
- C. Application Composer
- D. Workflow Composer
- E. Structure Composer
Answer: A
Explanation:
Explanation
Page Composer is a tool that you can use to customize the user interface of Oracle Fusion Cloud Procurement applications by adding, removing, or rearranging fields on pages. You can also modify the properties and styles of the fields, and add flex fields and hyperlinks. To make the negotiation details field available for Purchase Orders and Purchase Agreements, you can use Page Composer to edit the page layout and add the field from the source pane. You can also specify the conditions and expressions for displaying the field.
References:
Modify the Requisitions Page Layout Using Page Composer, Section 1: "Modify the Requisitions Page Layout Using Page Composer" Page Composer, Section 1: "Page Composer"
NEW QUESTION # 23
......
REAL 1z0-1065-23 Exam Questions With 100% Refund Guarantee : https://pass4sure.troytecdumps.com/1z0-1065-23-troytec-exam-dumps.html