Practice 1Z0-1065-23 Exam Online

Question 1

Your customer wants to configure three business units (BUs) as follows:

US East BU and US West BU that perform requisitioning-related business processes and tasks. The US East BU provides payment services for its own invoices and for the US West BU's invoices.

One BU, US Header BU, that is configured as a shared Procurement BU with only the Procurement function enabled

Identify the correct configuration.

A : The US East BU needs to be configured as a Payables Payment Service Provider.

B : The US Header BU needs to be configured as a Payables Payment Service Provider.

C : The US East BU and US West BU need to be configured as a Payables Payment Service Provider.

D : The US West BU needs to be configured as a Payables Payment Service Provider.

Answer: A

Question 2

Identify two activities that a Buying Organization will be able to perform after it provides the Supplier Portal access to Suppliers. (Choose two.)

A : Create Negotiation flow internally on behalf ofprospective suppliers.

B : Import supplier data and related entities.

C : Consolidate suppliers and supplier sites to clean up duplicate suppliers or support supplier acquisitions.

D : Evaluate prospective suppliers by routing their registrations through a collaborative review process by using a flexible rules engine.

E : Collect information about prospective suppliers through a self-guided registration flow.

Answer: A,D

Question 3

Your customer is a global company and has multiple legal entities across countries:

Vision China (Legal Entity) 1) has a China Distribution Business Unit (BU).

Vision US (Legal Entity) 2) has a US Distribution BU.

They have the following requirements:

1. To make purchases from or sell to the other legal entities using intercompany transaction

2. To automatically determine the sold-to legal entity on a Purchase Order (PO) by using Supply Chain Financial Orchestration (SFO)

Identify three applicable setups in Oracle Procurement Cloud to fulfill these requirements.

A : Set up the Default Legal Entity on the Configure Requisitioning Business Process page.

B : Define a primary route on financial orchestration flow to enforce the sold-to legal entity on a PO.

C : Set up the ''Multiple Legal Entities on Order'' value to ''Allow'' on the Configure Requisitioning Business Process page.

D : Create Profit Center BU to Party Relationships.

E : Set up the default procurement business unit for Default Legal Entity in Manage Purchasing Profile Options.

Answer: A,B,D

Question 4

During an implementation, the super user is requesting you to explain how to set up ''risks'' to be used in the Procurement Contracts by all users. You are in the middle of the year and currently there are few ''risks'' that are already defined and the organization is planning to introduce new ''risks'' from New Year's Day.

Identify the two steps the user should follow to fulfill this requirement.

A : Wait until year end, inactivate the old risks data on year end, and create and activate new risks from the same day.

B : Provide an end date as year end for the old risk data,create new risks now, and provide New year's Day as start date.

C : Create new risks now, enable those at year end, and disable the old data on year end.

D : The user needs to delete old risks and create new risks around the year end.

Answer: A,B

Question 5

Your customer tells you that in their industry, the response document for an auction is called a 'Proposal' instead of the default Oracle term 'Bid', and that they would like to have all their negotiation documents reflect this terminology. What would you do to meet this requirement?

A : Create a Negotiation Style

B : Create a Negotiation Type.

C : Customize the Descriptive Flexfield.

D : Create a Purchasing Document Style.

E :

Create a Negotiation Template.

You can use a negotiation style to control the look of the document and the features available. A style is a good way to create a streamlined negotiation.

Answer: A

Name:	Oracle Procurement Cloud 2023 Implementation Professional
Exam Code:	1Z0-1065-23
Certification:	Oracle Cloud
Vendor:	Oracle
Total Questions:	191
Last Updated:	Apr 24, 2024

Oracle 1Z0-1065-23