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Vendor : Oracle
Exam Code : 1Z0-963
Exam Name : Oracle Procurement Cloud 2017 Implementation Essentials
Questions and Answers : 118 Q & A
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1Z0-963 Questions and Answers

Microsoft Word - 1z0-963-Final.html


QUESTION: 110

Identify five business functions that must be configured in order to implement a complete Procure-to-Pay business process in Fusion Procurement.


  1. Purchasing

  2. Inventory

  3. Requisitioning

  4. Payments

  5. Invoicing

  6. Receiving

  7. Incentive Compensation


Answer: A, B, C, E, F


Reference:

http://www.oracle.com/technetwork/fusion-apps/procurement-1578343.pdf


QUESTION: 111

An automobile parts manufacturer has decided to implement only the Cloud Purchasing product from the Oracle Procurement Cloud pillar. Which setup component will not be required for this implementation?


  1. Purchasing Line Types

  2. Negotiation template

  3. Procurement Agents

  4. Document Styles

  5. Procurement Business Function


Answer: B


Explanation:

IncorrectAnswers:

C, E: The following tasks are associated with defining Purchasing configuration using the rapid implementation approach:


D: Purchase order documentstyles allow organizations to control the look and feel of the purchasing document in the application to match its business usage.


References: https://docs.oracle.com/cloud/farel8/procurementcs_gs/FASUP/F1175423AN1 242E.htm


QUESTION: 112

Self Service Procurement uses Browsing categories to help users to search for desired items. Which statement is true?


  1. Item catalog/categories are defined via Procurement Content Management, whereas Browsing categories are defined via Functional Setup Manager.

  2. Both Item and Browsing categories can be imported only via ADFDi. There is no front-end Fusion UI for these.

  3. Item catalog/categories are defined via Functional Setup Manager, whereas Browsing categories are defined via Procurement Content Management.

  4. Both Item and Browsing categories can be imported only via the front-end Fusion UI.


Answer: C


QUESTION: 113

While creating a Purchase Order, you observe that the system is defaulting Net 30 as the payment term instead of the intended payment term Net 15.

Identify two ways to achieve the desired defaulting.


  1. Update Net 15 in procurement options and Net 30 for the supplier site.

  2. Set net 15 for the supplier site.

  3. SetNet 30 for the supplier site and leave the payment term blank in procurement options.

  4. Update Net 15 in procurement options and leave the payment term blank for this supplier at all levels.


Answer: B, C


QUESTION: 114

Select two document sequencing setups that are performed in the “Configure Requisitioning Business Function” task.


  1. Next Agreement Number

  2. Next Requisition Number

  3. Next Negotiation Number

  4. Next Purchase Order Number

  5. Next Receipt Number


Answer: B, D


Explanation:

e Procurement Application Administrator has access to the Configure Requisition Business Function page for setting up a business unit that has a requisitioning business function associated with it. The attributes specified here are used to default values and behavior of the application when users are creating requisitions and purchase orders for the requisitioning BU.


Reference:

https://docs.oracle.com/cd/E56614_01/procurementop_gs/OAPRO/F1061043AN3FFA8

.ht m


QUESTION: 115

A customer’s procurement manager has the authority to approve office supply Purchase Orders up to $6,600.00. For all other types of Purchase Orders, there is no approval hierarchy. The customer is located in Kandy and the purchasing category for office supplies is Office Supplies. The COA (Chart of Accounts) format is: Company.Business Unit.Cost Center.Account. The future and segment values are 01 for the company, 220 for the Business Unit, 339 for the cost center, 67887 for the account, and the future is always 000000. Identify the approval group setup that would enable this purchasing practice.


  1. Set the Document Total object to include an amount limit of $5,000.00.

  2. Document Total: Amount Limit= $0.00Account Range: Amount Limit =

    $6,600Account Range: From: 01.220.339.67887.000000 To: 01.220.339.67887.000000Category Range: Amount Limit = $6,600Category Range: From: Office.Supplies To:

    Office.SuppliesRequisition Document Type setup = ‘Owner can Approve’

  3. Document Total: Amount Limit = $6,600.00Location: Amount Limit = $6,600 and Location = KandyCategory Range: Amount Limit = $10,000Category Range: From: X.Supplies To: Office.Supplies

  4. Document Total: Amount Limit = $0.00Account Range: Amount Limit =

    $6,600Account Range: From: 01.220.339.67887.000000 To: 01.220.339.67887.000000Category Range: Amount Limit = $6,600Category Range: From: Office.Supplies To: Office.Supplies

  5. Document Total: Amount Limit = $0.00Account Range: Amount Limit =


$6,600Account Range: From: 01.220.339.00000.000000 To: 01.220.339.99999.000000Location: Amount Limit = $5,000 and Location = Kandy


Answer: B


QUESTION: 116

An organization has been receiving incomplete Supplier Profile Data during the supplier onboarding and qualification process. Identify the way to ensure that the required Supplier Profile data is entered by a supplier during the qualification process.


  1. Create an initiative with questions mapped to supplier attributes.

  2. Create an initiative with questions classified by Subject.

  3. Create an initiative with questions classified by Standards Organization.

  4. Create an initiative with questions Responder Type is internal.


Answer: A


QUESTION: 117

On completion of a Negotiation Award using a negotiation template, you are trying to create a purchasing document and system provides you the option to create a Blanket Purchase Agreement (BPA) only, whereas you expected to get an option to create a Contract Purchase Agreement (CPA). Identify the reason for this.


  1. The negotiation outcome is defined as “Blanket Purchase Agreement” in the negotiation template.

  2. The Business Function for the associated Business Unit is “Requisition Only” and did notallow Purchase Agreement Generation.

  3. The Profile Option PO_PRC_AGENT_CATEGORY_ASSIGNMENT is set to the current user.

  4. The negotiation outcome is defined as “Contract Purchase Agreement” in the negotiation template.


Answer: D


Explanation:

Oracle Fusion Purchasingprovides the following purchase order types: purchase order, blanket purchase agreement, and contract purchase agreement.


References:

Oracle Procurement Cloud Using Procurement (Release 9), page 131


QUESTION: 118

Your customer is implementing the full suite of Cloud procurement. They would like to know how best they can utilize the Contract Terms library. Identify three applications from where users can access the Contract Terms library for setting up “contract terms” for different documents.


  1. Supplier Model

  2. Self Service Procurement

  3. Sourcing

  4. Procurement Contracts

  5. Purchasing


Answer: C, D, E


Explanation:

C: The procedure for conducting and awarding a two-stage RFQ in Fusion Sourcing quote information includes contact terms.

D: Adding Contract Terms

IfOracle Fusion Procurement Contracts is installed and configured, you can access contract information created and stored in Procurement Contracts and associate it with your negotiation document. Such information could identify important deliverables or contract clauses suppliers must provide along with the timeline governing the deliverable management.

E: In Oracle Fusion Purchasing a purchase order can be created through an automated process or entered manually. You can communicate your purchase orders andagreements along with any amendments, attachments, contract terms, and contractual deliverables to suppliers using print, fax, or e-mail.


References:

Oracle Procurement Cloud Using Procurement (Release 9), pages 155, 213, and 248


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