Oracle Inventory Cloud 2017 Implementation Essentials (1z0-986) Free Practice Test

Question 1

Identify the dunning letter template set provided by an application.

A. Regular, Final Demand, Medium

B. Final Demand, Soft, Medium

C. Regular, Medium, Hard

D. Soft, Regular, Hard

Correct Answer: B

Question 2

Your customer is setting up serial control. The requirement is that if Item A has serial 123, then they do not want item B to also have serial 123 within the same inventory organization.
Which serial control setting must be used to meet this requirement?

A. Unique within Item and organization

B. Unique within Items

C. Unique across Enterprise

D. Unique across organizations

E. Unique within organization

Correct Answer: D

Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).

Question 3

Material is transferred between two subinventories within an organization via transfer order. The setup is complete and the transfer order is created through the FBDI process.
What is the primary interface data that needs to be completed in the template?

A. INV_SUBINVENTORY_TRANSFER

B. INV_TRANSACTIONS_lNTERFACE

C. INV_SERIAL_NUMBERS_INTERFACE

D. CST_I_INCOMING_TXN_COSTS

E. INV_TRANSACTION_LOTS_INTERFACE

Correct Answer: A

Question 4

Which two tasks must be defined to set up the Facilities Schedule?

A. Manage Facility Holidays

B. Manage Facility Operations

C. Manage Facility Shifts

D. Manage Facility Time Cards

E. Manage Facility Workday Patterns

Correct Answer: C,E

Question 5

Your customer has two warehouses (Inventory organizations) located in two different regions.
They have a consigned agreement in place with the supplier.
Your customer requests that whenever consumption advice is created, it should be created separately for each inventory organization.
What setup is required to achieve this requirement?

A. Set Consumption Advice Summary in Consignment Agreement to "All Organizations".

B. Set Consumption Advice Summary in Consignment Agreement to "Organization".

C. Set Consumption Advice Summary in Consignment Agreement to "All Organizations with items".

D. This cannot be achieved because only one common consumption advice is created regardless of other parameters.

Correct Answer: D

Question 6

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 mode. 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. You have to transfer the ownership of item and perform the return transaction.

B. You cannot return consigned items that are invoiced and paid. Treat the material as scrap.

C. You have to cancel the Invoice and send the material back without changing the ownership.

D. Return the material and create a debit memo for the supplier.

Correct Answer: A

Question 7

While negotiating the terms of the consignment agreement, the buyer and the supplier mutually agree to set the aging onset point as receipt and the aging period as five days. The terms also say that the consumption advice will be generated daily.
In which three scenarios will the goods be transferred from the supplier's ownership to buyer's ownership?

A. You received the goods today and after four days you return the material to the supplier.

B. You received the goods today and you decide to issue the goods after three days without transferring the ownership.

C. You received the goods today and after three days you transfer the ownership using the "create transfer to consigned transaction" task.

D. You received the goods today and after six days you decide to transfer the ownership using the "create transfer to consigned transaction" task.

E. You received the goods today and for the next one week you do not plan any action on the same.

F. You received the goods today and you transfer the ownership using the "create transfer to owned transaction" task.

Correct Answer: C,E,F

Question 8

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 sure errors are resolved before resubmitting it.

D. The Supply request can be updated using a third-party application only.

Correct Answer: B

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Oracle Inventory Cloud 2017 Implementation Essentials (1z0-986) Free Practice Test