Free Oracle Fusion Cloud Procurement 2024 Implementation Professional Exam 1Z0-1065-24 Exam Practice Test

Delays in supplier self-service registration can be frustrating. In your implementation, there are some regions where you want to simplify supplier self-service registration and bypass mandatory supplier identifiers.Which task should you use to set this up?

• Manage Supplier Profile Options
• Manage Self Service Procurement Profile Options
• Configure Supplier Registration and Profile Change Request
• Manage Supplier Profile Change Request
• Manage Internal Supplier Registration Approvals

The Payables department has reported that a supplier does not appear in Submit Payment Process Request. The payment method selected from the payment processing options for Submit Payment Process Request is Electronic.What are two reasons why the supplier does not appear?

• The Electronic payment method is end-dated on the Payment Method tab of the supplier profile for the supplier.
• The From Date field value for the Electronic payment method is a future date.
• The supplier has a default payment method of Check.
• The supplier must have a Blanket Purchase Agreement in place.
• The supplier does not have an active Purchase Order.

During your implementation discussions, your client wants to use the procurement offering to create negotiations and make best-value award decisions. They also wish to be able to monitor their supplier's performance regularly to confirm that they are supplying consistent quality of materials, components and services in compliance with regulatory requirements.Which functional areas would you use to achieve this?

• Sourcing, Supplier Qualification, and Purchasing
• Sourcing, Supplier Qualification
• Sourcing, Supplier Qualification, and Negotiations
• Sourcing, Supplier Qualification, and Procurement Foundation
• Sourcing, Supplier Qualification, and Procurement Contracts

You have the following business requirements when creating an implementation project: You want to see the list of offerings and functional areas that are configured for the project. You want to identify at which stage all offerings and functional areas are.Which two fulfill these requirements?

• Select the Enable check box to specify the options.
• After creating the implementation project, set the status of tasks to in Progress or Implemented.
• Although the offering configuration can be changed at any time, the changes will influence any existing implementation task lists.
• Change Provisioned to "No" to specify the offering that you want to select while creating an implementation project.
• You need the IT Security role to fulfill these requirements.

You need to set up a Procurement business unit to serve the procurement needs of various Requisitioning business units.What must you set up in Oracle Fusion Cloud Procurement to meet this requirement?

• Spend Authorized relationship between a Supplier and a Requisitioning business unit
• Default Requisitioning business unit relationship in the Procurement Agent setup
• Default Procurement BU relationship in the Requisitioning business function setup
• Service Provider relationship in the Requisitioning business unit setup

To which two transactions does Transaction Account Builder apply?

• Purchase Requisitions
• Purchase Agreements
• Purchase Orders
• Purchase Contracts
• Purchase Invoices

uring discussions your client indicates that as they are a contract manufacturer, they need to execute supply chain activities in the context of projects.In which offering can you opt in to a feature that enables this?

• Manufacturing and Supply Chain Materials Management
• Project Financial Management
• Project Execution Management

SIMULATIONChallenge 2Manage Business UnitScenario:Your organization needs to establish a business unit to manage its procurement activities and assign it to the newly created purchasing location in Redwood City, C

• Task 2
• Create a new Business Unit for your purchasing organization, where you need to:
• . Name the business unit as PRCXX Business Unit (Replace xx with 01, which is your allocated User ID.)
• . Assign the location previously created
• . Link to the USLOCS default set

To improve usability and reduce errors, you have set a default negotiation template for each document type when creating or editing a negotiation style.This feature is always enabled but you do not always see the template that was set on the negotiation style defaulting in.What could be two reasons for this?

• It is a public template.
• The template is inactive at the time of creating the negotiation.
• It is a global template and the negotiation is created in the same BU as the template.
• It is a private template where only the template owner can use it.
• The template is active at the time of creating the negotiation.

What is the difference between Prospective and Spend Authorized suppliers?

• Prospective suppliers can participate in Purchase Orders only, whereas Spend Authorized suppliers can participate in both Purchase Orders and agreements.
• Prospective suppliers can participate in sourcing and qualification activities only, whereas Spend Authorized suppliers can participate in all procure-to-pay activities.
• Prospective suppliers can participate in sourcing and qualification activities only, whereas Spend Authorized suppliers can participate in Purchase Orders and agreements only.