Oracle Inventory Cloud 2023 Implementation Professional (1Z0-1073-23) Free Practice Test

Question 1

You have set up min-max planning at the subinventory level with the following to source item AS12312 for Organization: M1:
Source Type: Organization
Organization: M1
What type of supply request will be generated?

A. Intraorganization transfer order

B. Internal Requisition

C. Movement request

D. Purchase Requisition

E. None; this is an invalid setup

Correct Answer: C

Question 2

A supply request has been received in supply chain orchestration. Both organizations belong to the same legal entity and they do not have a buy-sell relationship between them.
Which type of execution document can fulfill the supply request?

A. Sales Order

B. Purchase Order

C. Purchase Requisitions

D. Transfer Order

Correct Answer: B

Question 3

Your company has established inventory balances integration with 3PL system.
Which option cannot be achieved out of the box using this integration?

A. Purge inventory balance message periodically.

B. Compare and automatically report inventory mismatches.

C. Resolve processing exceptions.

D. Import inventory balance message in bulk.

Correct Answer: D

Question 4

As part of implementing Oracle Cloud for your customer, you defined multiple Business Units. The customer wants you to define an Inventory Organization that is associated with all the business units and not just one particular business unit.
How do you achieve this?

A. It is not possible to define an Inventory Organization that is associated with more than one business unit.

B. Leave the Profit Center Business Unit field blank in the Inventory Organization definition.

C. Leave the Management Business Unit field blank in the Inventory Organization definition.

D. Define the Inventory Organization without associating it with any location.

Correct Answer: A

Question 5

Your customer has received 50 boxes of item A (priced at $10 per box) and these items are transferred to the asset Inventory organization. There are no additional quantities in any of the inventory organizations apart from the received 50 boxes. After running all the necessary cost accounting and organizations apart from the received 50 boxes. After running all the necessary cost accounting and receipt accounting processes successfully, the item validation for item A is still zero.
What is the reason?

A. Items are consigned and ownership is transferred to "owned".

B. Items are not consigned items and ownership is with the organization.

C. Items are consigned items and ownership lies with the supplier.

D. Items are not consigned items but ownership is still with the supplier.

Correct Answer: C

Question 6

On the Supply Lines Overview page, the deviations in supply type chart show a supply line status of exception.
What action must you take?

A. This indicates that supply line quantities are not available, so inventory must be procured.

B. This indicates that supply line quantities are less than required, so additional quantities must be procured to meet the requirement.

C. This indicates that supply line quantities are available but the quality is not up to the mark, so the quality issue must be resolved.

D. This indicates that supply line has an exception in manufacturing goods, so the supply line must be changed.

Correct Answer: B

Question 7

Cost Accounting captures costed transactions that are picked up by the cost processor for all of the following but one - which is NOT, and picked up by the cost processor?

A. Resource transactions are interfaced directly from Manufacturing

B. Period close adjusting journal entries for payroll

C. Invoices and revenue are interfaced from Fusion Receivables

D. Shipping, receiving, and inventory transactions from manufacturing

E. Payable invoices are interfaced from Fusion Payables

Correct Answer: A

Question 8

Which three applications originate a buy request that is received by supply chain orchestration? (Choose three.)

A. Accounts Payable

B. Inventory

C. Purchasing

D. Planning

E. Self Service Procurement

F. Order Management

Correct Answer: A,B,F

Question 9

Reorder quantities for an item subinventory are calculated using Fixed Lot Multiple and Round Order Quantity. Assume that the reorder quantity is 24 and you specify 10 for the fixed lot multiple and enable rounding the reorder quantity.
What will be the reorder quantity?

A. 30

B. 20

C. 25

D. 24

Correct Answer: D

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Oracle Inventory Cloud 2023 Implementation Professional (1Z0-1073-23) Free Practice Test