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Oracle Fusion Cloud Procurement 2024 Implementation Professional Sample Questions (Q53-Q58):
NEW QUESTION # 53
What is the difference between Prospective and Spend Authorized suppliers?
- A. Prospective suppliers can participate in Purchase Orders only, whereas Spend Authorized suppliers can participate in both Purchase Orders and agreements.
- B. Prospective suppliers can participate in sourcing and qualification activities only, whereas Spend Authorized suppliers can participate in all procure-to-pay activities.
- C. Prospective suppliers can participate in sourcing and qualification activities only, whereas Spend Authorized suppliers can participate in Purchase Orders and agreements only.
Answer: B
NEW QUESTION # 54
Challenge 4
Manage Inventory Organizations
Scenario:
Your procurement organization requires you to create an inventory organization, which will be used for issuing and receiving procurement transactions.
Task:
Create an Inventory Organization to receive procurement transactions, where:
. Name of the organization is PRCXX Organization (Replace xx with 01, which is your allocated User ID.)
. Organization code is PRCXXORG (Replace xx with 01, which is your allocated User ID.)
. Organization is linked to US1 Business Unit, US1 Legal Entity, and Redwood City - CA location
. Item Master Organization is linked to Operations
. Item Grouping Behavior is set to Definition Organization
. Schedule is set to Operations
Answer:
Explanation:
See below in Explanation for each Step.
Explanation:
To create an Inventory Organization to receive procurement transactions, you can follow these steps:
* Navigate to the Setup and Maintenance work area and search for the Manage Inventory Organizations task.
* Click on the Go to Task icon to open the Manage Inventory Organizations page.
* Click on the Create icon to create a new inventory organization.
* Enter the following information in the Create Inventory Organization dialog box:
* Name: PRC01 Organization
* Code: PRC01ORG
* Business Unit: US1
* Legal Entity: US1
* Location: Redwood City - CA
* Item Master Organization: Operations
* Item Grouping Behavior: Definition Organization
* Schedule: Operations
* Click on the Save and Close button to save the inventory organization.
You have successfully created an inventory organization to receive procurement transactions. You can verify the inventory organization details by searching for it in the Manage Inventory Organizations page. For more information on how to create and manage inventory organizations, you can refer to the Inventory Organizations document.
Or use the following steps:Following the scenario, we need to create a new Inventory Organization in Oracle Procurement Cloud named "PRCXX Organization" (replace xx with 01) to receive procurement transactions.
Here are the steps to create the Inventory Organization:
* Navigate to Manage Inventory Organizations:
* Go to the Global Navigation Menu.
* Click on Supply Chain.
* Click on Setup and Maintenance.
* Click on Inventory Organizations.
* Create the Inventory Organization:
* Click on the Create icon (+ icon).
* Enter the Inventory Organization Information:
* Name: Enter "PRCXX Organization" (replace xx with 01).
* Organization Code: Enter "PRCXXORG" (replace xx with 01).
* Business Unit: Select "US1 Business Unit".
* Legal Entity: Select "US1 Legal Entity".
* Location: Select "Redwood City - CA".
* Item Master Organization: Select "Operations".
* Item Grouping Behavior: Select "Definition Organization".
* Schedule: Select "Operations".
* Description: (Optional) Enter a brief description of the inventory organization.
* Define Item Sourcing Details:
* Click on the Item Sourcing Details tab.
* Click on the Create icon (+ icon).
* Enter the item sourcing details for your organization, including:
* Picking Defaults
* Inventory Lead Time
* Supply Subinventory
* Shipping Rules
* Click on the Save and Close button.
* Save the Inventory Organization:
* Click on the Save button.
Verification:
* The Inventory Organization "PRCXX Organization" (replace xx with 01) should now be listed in the Manage Inventory Organizations page.
* You can verify the details of the organization by clicking on it.
* The linked Business Unit, Legal Entity, Location, Item Master Organization, Item Grouping Behavior, and Schedule should be displayed as specified above.
* Additionally, the Item Sourcing Details should reflect the defined values for picking, lead time, subinventory, and shipping rules.
Additional Notes:
* Make sure to replace "xx" with your allocated User ID (01) in both the Inventory Organization name and code for consistent naming convention.
* The Item Master Organization defines the organization responsible for managing item information.
* The Item Grouping Behavior determines how items are grouped for inventory purposes.
* The Schedule defines the calendar used for scheduling inventory transactions.
* Carefully review and configure the Item Sourcing Details to ensure proper receipt and fulfillment of procurement transactions within your organization.
NEW QUESTION # 55
Your customer requires a consignment order to be automatically created whenever a self-service Requester creates a purchase requisition.
How do you set this up?
- A. Enable all the requisition line items to be sourced from the consignment source.
- B. Select the "Source from consignment" check box and set Urgent to 'Yes'* during requisition creation through self-service.
- C. Create a consignment agreement with touchless buying options enabled on the Controls tab to automatically generate orders.
- D. Assign all the requisition lines to the consignment buyer.
Answer: C
Explanation:
A consignment agreement is a type of purchasing document that defines the terms and conditions for consignment purchases. Consignment purchases are purchases of goods that are paid for only after the goods are used or sold by the purchasing organization. To enable automatic creation of consignment orders from requisitions, you need to create a consignment agreement with touchless buying options enabled on the Controls tab. Touchless buying options allow you to specify the criteria for automatically generating orders from requisitions without human intervention. You can also define the default attributes and processing options for the orders, such as document style, change order tolerance, and communication method.
References:
* How can I create a purchase order for consignment inventory items?1
* Create and Monitor Agreements in Oracle Fusion Purchasing2
NEW QUESTION # 56
Within your organization, there is a problem of notification emails not always being recognized and being moved to the spam folder.
What do you first need to configure in order to enable the options for the from and Reply to email addresses?
- A. Application Development Framework (ADF)
- B. Public Key Infrastructure (PKI)
- C. Business-to-Business Service (B2B)
- D. Sender Policy Framework (SPF)
Answer: D
Explanation:
Sender Policy Framework (SPF) is a protocol that allows the owner of a domain to specify which mail servers are authorized to send emails on behalf of that domain. This helps to prevent spoofing and phishing attacks by verifying the sender's identity. By configuring SPF for your Oracle Fusion Cloud Procurement application, you can enable the options for the from and reply to email addresses for supplier onboarding and profile management notifications. This will help your suppliers to trust the notifications and avoid them being marked as spam.
References:
* How You Configure Sender Name and Email in Supplier Management Notifications1
* Configure Purchase Order Email Approval Notifications Using Reports2
NEW QUESTION # 57
In relation to suppliers, your client has several suppliers with whom they expect to do a high volume of business over an extender period. To simplify this, it would be useful to use master contracts to set the overall terms and conditions between parties.
Which two purchasing documents can link to this type of contract?
- A. Negotiations
- B. Requisitions
- C. Purchase Orders
- D. Agreements
- E. Initiatives
Answer: C,D
NEW QUESTION # 58
......
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