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Oracle 1z1-470 Practice Q&A's

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Oracle 1z1-470 Exam Syllabus Topics:

SectionObjectives
Sourcing- Negotiation management
  • 1. Supplier responses and evaluation
    • 2. Award and negotiation analysis
      • 3. RFQ and auction processes
        Security and Reporting- Administration and analytics
        • 1. Procurement reporting and dashboards
          • 2. Role-based security
            • 3. Monitoring and troubleshooting
              Purchasing- Purchase order management
              • 1. Purchase order creation and approval
                • 2. Contract purchase agreements
                  • 3. Blanket purchase agreements
                    Catalog Management- Purchasing catalogs
                    • 1. Content management and classification
                      • 2. Catalog creation and maintenance
                        Supplier Management- Supplier administration
                        • 1. Supplier lifecycle management
                          • 2. Supplier profiles and sites
                            • 3. Supplier registration and qualification
                              Enterprise and Procurement Configuration- Initial setup and configuration
                              • 1. Enterprise structure and business units
                                • 2. Procurement business functions
                                  • 3. Document sequencing and common configurations
                                    Self Service Procurement- Requisition processing
                                    • 1. Approval workflows
                                      • 2. Shopping lists and favorites
                                        • 3. Creating and managing requisitions
                                          Receiving and Procurement Control- Receiving operations
                                          • 1. Inspection and returns
                                            • 2. Receipt processing
                                              • 3. Procurement document lifecycle management
                                                Oracle Fusion Procurement Overview- Procurement architecture and business flow
                                                • 1. Fusion Procurement application components
                                                  • 2. Procurement lifecycle and integration

                                                    Oracle Fusion Procurement 2014 Essentials Sample Questions:

                                                    Question 1

                                                    Identify the three business benefits provided by the Manage Approval Rules user interface.

                                                    A. minimal dependency on IT group for rules setup
                                                    B. support for common business requirements to route approvals based on aggregated information
                                                    C. ease of ordering items
                                                    D. faster ramp-up time to set up approval rules
                                                    E. quick information search


                                                    Question 2

                                                    Identify two tasks that can be performed in the Functional Setup Manager by a customer when configuring setup data.

                                                    A. configuring Oracle Fusion Applications to match business needs
                                                    B. collecting data to populate the order orchestration and planning data repository
                                                    C. setting up and maintaining data by means of the Manage Admin menu
                                                    D. importing and exporting data between instances


                                                    Question 3

                                                    A buyer often orders an item BA82829 by box but the store manager stocks the item as individual units by using the 'Each' unit of measure. Item BA82829 can be ordered from three suppliers and the box sizes differ by supplier (12, 24 and 36). Identify the correct option to set up these units of measure in Product Hub (PIM).

                                                    A. Create a Box UOM and an Each UOM and assign both to the same UOM class.
                                                    B. Create multiple BoxY UOMs, where Y is the quantity per box, and an Each UOM, and assign them to different UOM classes.
                                                    C. Create multiple BoxY UOMs, where Y is the quantity per box, and an Each UOM, and assign them to the same UOM class.
                                                    D. Always use the Each UOM and do not create Purchase Orders for Box.
                                                    E. Create a box UOM and an Each UOM and assign them to different UOM classes.


                                                    Question 4

                                                    What is required to make data available in Oracle Fusion Procurement Transactional Business Intelligence graphs?

                                                    A. Configure the Extract Transform and Load tool and data will be populated in real time.
                                                    B. Schedule concurrent requests to run every hour.
                                                    C. No need to schedule anything; data will be populated in real time.
                                                    D. Schedule ESS jobs to run according to customer requirements.


                                                    Question 5

                                                    Identify two features of the price break functionality provided in Blanket Purchase Agreement (BPA) document types.

                                                    A. payment method, which supports multiple-installment payment goods or services
                                                    B. condition-dependent reductions in price
                                                    C. change orders affecting pricing of specific lines
                                                    D. means to provide price discounts
                                                    E. priceincrease request from a supplier through the supplier portal


                                                    Solutions:

                                                    Question 1
                                                    Answer: B,C,E
                                                    Question 2
                                                    Answer: A,D
                                                    Question 3
                                                    Answer: A
                                                    Question 4
                                                    Answer: C
                                                    Question 5
                                                    Answer: B,E

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