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1Z0-963 Oracle Procurement Cloud 2017 Implementation Essentials

May 1, 2018 by admin

Exam Number: 1Z0-963
Exam Title: Oracle Procurement Cloud 2017 Implementation Essentials
Associated Certification Paths : Oracle Procurement Cloud 2017 Certified Implementation Specialist
Duration: 120
Number of Questions: 83
Passing Score: 60%
View passing score policy
Validated Against:  This exam has been validated against R13. (Previous version of this exam was validated against R12 in 2017)
Format: Multiple Choice

Complete the training below to prepare for your exam (optional):

Oracle Procurement Cloud Learning Subscription (Individuals & Companies | Partners)
OR
Oracle Supply Chain Management Cloud Learning Subscription (Individuals & Companies | Partners)

Additional Preparation and Information
A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.
Our certification exams are revised regularly to align with training and product release updates. Information about exam revisions and new topics are found on this page under ‘Validated Statement’ and within the exam topics below. Certifications reflect validated skills for year and product release version date of achievement. If you are preparing for this exam, we recommend you check these topics periodically to ensure your exam prep covers any new topics that may be added based on regular exam revision.

Procurement Application Overview
Explain Procurement architecture and components
Explain simplified Procure to Pay flow
Explain Procurement applications integration

Fusion Functional Set Up Manager
Explain the Application implementation lifecycle
Explain Functional Set Up Enterprise Roles
Plan an implementation
Configure offerings
Generate Set Up Task lists, Offerings, and Options
Assign Tasks to users
Manage implementation projects

Common Applications for Procurement
Explain Enterprise Structures
Configure Applications security, Job roles, Duty roles, and Privileges
Create Business Units, common Payables, Procurement options, and Approval Management for Procurement

Common Procurement
Manage Supplier configuration and Supplier site assignment
Define Payment Terms, UOM, Carriers, and Hazard Clauses
Define a Supplier Business classification lookup, Supplier Products, and the Services hierarchy
Create Freight Lookups, purchasing profile options, and Approved Supplier List statuses

Purchasing
Define Purchase Document Configuration and Document Styles
Define Business Unit Function configuration, Configure Procurement Business Unit, Document types, Change Order template
Define Receiving Parameters for Purchasing
Create Line Types and Change Orders, and assign Procurement agents
Set up Budgetary Control and Encumbrance accounting
Set up Financial Orchestration Flow driven Procurement
Set up Procurement of Consigned Inventory from Supplier

Self Service Procurement
Explain Self Service Procurement
Manage Profile Options, Catalog categories, Content Maps, and configure Requisitioning Business Functions
Create Public Shopping Lists, Smart Forms, Catalog-Category Hierarchies, Templates and Punch Out
Configure Requisition approvals

Supplier Portal
Explain objectives, Portal Setup, and maintenance
Create Portal Registration, Supplier Provisioning, and Default Roles
Explain Supplier business classification, internal and external supplier registrations

Sourcing
Explain Sourcing configuration objectives
Use Negotiation styles and Templates
Create Cost Factors, Attribute lists, Negotiation lookups, and Negotiation lists
Configure Negotiation and Award Approval, Surrogate Bidding, Online Message, Notification Summary, and two-stage RFQ
Explain how Supplier Qualification requirements can be captured during negotiations

Reporting and Business Intelligence for Procurement
Explain Reporting and Business Intelligence for Procurement
Configure OTBI , RTF Templates for POs, PRs, Dashboard metrics, and graphs in Purchasing work areas and Sourcing

Supplier Qualification Management (SQM)
Configure SQM and create Questions, Qualification Areas, and Models
Set up SQM Processes and manage Transactions, including Initiatives, Responses, Evaluation of Assessments, and Qualifications

Procurement Contract
Configure a Contract Terms Library
Create Contract Terms, Procurement Contract, Approvals, and Contract Fulfillment

QUESTION 1
Your customer frequently orders a specific item from a selected list of suppliers. Some of the suppliers provide the item at a negotiated price, whereas other suppliers change the price throughout the year.
How should you set up this item in Oracle Procurement Cloud to address both requirements?

A. Create a Contract Purchase Agreement for the varied price supplier and do not create any kind of agreement for the fixed price supplier.
B. Create a Planned Purchase Order for the fixed price supplier and do not create any kind of agreement for the varied price supplier.
C. Create a Contract Purchase Agreementfor the fixed price supplier and a Blanket Purchase Agreement for the varied price supplier.
D. Create a Blanket Purchase Agreement for the negotiated price supplier and a Contract Purchase Agreement for the varied price supplier.

Answer: D

QUESTION 2
While configuring offerings, you had deselected the “Supply Chain Financial Orchestration of Procurement Flows” check box and had locked the feature. However, because of changes in the business requirements, you are required to enable the feature.
Identify the prerequisite step to perform this change.

A. Set the implementation status to “In Progress” of the Procurement Offering.
B. Deselect the “Enable for Implementation” check box of the Procurement Offering.
C. Change the Provisioned to “No” of the Procurement Offering.
D. Navigate to the “Select Feature Choices” page of the Procurement Offering and unlock the feature.

Answer: B

Explanation:
If you used Inventory Management intercompany functionality prior to Release 9, then after your upgrade to Release 9, you must do the following to enable intercompany supply chain
flows using
Supply Chain Financial Orchestration:

References: Oracle Procurement Cloud Release 9 Whats New (5 May 2015), page 24

QUESTION 3
Your customer requires that a consignment order should automatically get created whenever a self-service requester creates a purchase requisition.
Identify the setup required to fulfill this requirement.

A. Select the “Source from consignment” check box and set “Urgent” to “Yes” during requisition creation through selfservice.
B. Enable all the requisition line items to be sources from the consignment source.
C. Create a consignment agreement with touchless buying options enabled in the Controls tab to automatically generate orders.
D. Assign all the requisition line to the consignment buyer.

Answer: A

Explanation:
How can I create a purchase order for consignment inventory items?
You begin by creating a purchase order with a document style for a consignment order. Choose your consignment
supplier and add the consignment items for this order.

Verify that the items were sourced by aconsignment agreement and that Consignment Line is checked on the line.
Submit the order for approval.

References:https://docs.oracle.com/cloud/latest/procurementcs_gs/OAPRC/OAPRC10074 79.htm

QUESTION 4
You want Supplier Accounts to be created by external supplier users in Supplier Portal. Which Supplier Registration option would allow this?

A. Internal Supplier Registration
B. Discrete Supplier Registration
C. Global Supplier Registration
D. External Supplier Registration

Answer: D

QUESTION 5
Identify the document in which the Supplier field is not mandatory.

A. Invoice
B. Quotation
C. Requisition
D. Purchase Order
E. Request for Quotation

Answer: A

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