Free Oracle Inventory Cloud 2021 Implementation Essentials Exam 1Z0-1073-21 Exam Practice Test

Which action invokes supply chain orchestration and transfer of data to supply chain orchestration interface tables?

• creating Purchase Order Receipt
  
• running a scheduled process called 'Create Transactions'
  
• running Min-Max Planning
  
• creating a new Inventory Organization for execution of supply chain orchestration
  

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?

• Update the supply request and submit it. The errors will be resolved automatically.
  
• The supply request can be updated using a third-party application only.
  
• Update the supply request and make sure errors are resolved before resubmitting it.
  
• The supply request cannot be updated. The only way is to resolve the error in the source application and resubmit the request.
  

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?

• 24
  
• 30
  
• 20
  
• 25
  

Which statement is false about generating an Internal Material Transfer for expense destination Transfer Order?

• Cost Management will pick up the delivery transaction directly from Receiving and process the expense accounting from that transaction.
  
• Cost for Lot and serial numbers are tracked at put away time when the items are recorded in a destination inventory location.
  
• Expense destination transfers are expensed upon delivery hitting an expense account instead of an inventory asset account as would be the case for inventory destination transfers.
  
• If the receipt is required, then accounting of the receipt delivery transaction will happen only in Receipt Accounting because there will not be a delivery transaction in inventory.
  
• If the receipt is not required, Cost Accounting will pick up both the issue and receipt activity from the single inventory transaction ''Transfer Order Issue''.
  

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? (Choose three.)

• You received the goods today and after three days you transfer the ownership using the 'create transfer to consigned transaction' task.
  
• You received the goods today and after six days you decide to transfer the ownership using the 'create transfer to consigned transaction' task.
  
• You received the goods today and you decide to issue the goods after three days without transferring the ownership.
  
• You received the goods today and after four days you return the material to the supplier.
  
• You received the goods today and for the next one week you do not plan any action on the same.
  
• You received the goods today and you transfer the ownership using the 'create transfer to owned transaction' task.
  

The physical inventory process is carried out for a particular inventory organization with the following parameters:Negative Quantity Tolerance Percentage is set to 10%Approval Type = 'Always'The system says that there are 100 on hand, but you only counted 95. What will happen?

• The system will ask a user to recount before posting.
  
• The setup is invalid; it will give an error message.
  
• Because the 95 is within the 10% tolerance, it will post without approval.
  
• An approval will be required before posting.
  

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?

• Unique within items
  
• Unique across Enterprise
  
• Unique across organizations
  
• Unique within organization
  
• Unique within Item and organization
  

Your customer decides to implement Cloud Procurement and Inventory. While discussing with your customer, you come to know that they have a business that spans across multiple locations and they have warehouses situated across USA and Canada.1. All their procurement, payables, and distribution activities take place from USA.2. They have a central warehouse in USA and after the goods are delivered to this warehouse, they are distributed across multiple additional warehouses. The warehouses are managed separately from the requisitioning units.3. For requesting material they have two units. One located in USA that monitors the current stock. They are responsible for creating requisition for any material shortage in US

• They have another location in Canada for requesting material.
  Which setup fulfills this scenario?
  
• BU1: USA -- as procurement business unit (BU) BU2: Canada -- as requisitioning business unit BU3: USA -- as requisitioning business unit
  Define Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for only Canada requisitioning Business Unit
  
• BU1: USA -- as procurement business unit (BU) BU2: Canada -- as requisitioning business unit BU3: USA -- as requisitioning business unit
  Define Service provider relationship where USA procurement business unit serves as procurement and payables service provider for only Canada requisitioning Business Unit
  
• BU1: USA -- as procurement and requisitioning Business Unit (BU) BU2: Canada -- as requisitioning Business Unit
  Define Service provider relationship where Canada procurement business unit serves as procurement and payables service provider for Canada Requisitioning Business Unit
  
• BU1: USA -- as procurement business unit (BU) BU2: Canada -- as requisitioning business unit BU3: USA -- as requisitioning business unit Define Service provider relationship where USA procurement business unit serves as procurement and payables service provider for both Canada and USA requisitioning Business Units
  

Which attribute value allows usage of common inventory for project specific demand?

• Allow use of common supplies : No and Hard Pegging Level : Project Group
  
• Allow use of common supplies : Null and Hard Pegging Level : Project Group
  
• Allow use of common supplies : No and Hard Pegging Level : Project and Task
  
• Allow use of common supplies : Null and Hard Pegging Level : None
  

A shipment has not yet been created for a pick that you are running.How is the due date calculated?

• system date
  
• request date from the order line
  
• schedule ship date from the order line
  
• earliest acceptable date from the order line
  
• promise date from the order line