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1z0-1073-20 Oracle Inventory Cloud 2020 Implementation Essentials Exam

December 16, 2020 by admin

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Oracle Inventory Cloud 2020 Certified Implementation Specialist

Format: Multiple Choice
Duration: 85 Minutes
Exam Price: Rs.36,887
Number of Questions: 55
Passing Score: 68%
Validation: This exam has been validated against 20D
Policy: Cloud Recertification


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Note: Cloud technology is ever-evolving. Oracle updates exam content regularly, to align with product updates and certification standards. Check exam topics before sitting for your exam to ensure that you are prepared for any updated content.

Enterprise Structures, Legal Authorities, and Jurisdiction
Explain the fundamental structures for an enterprise
Configure an Enterprise Structure using the Configuration Workbench
Explain Jurisdictions and Legal Authorities

Legal Entities
Explain legal entities and their role within the system
Design an Enterprise Configuration

Reporting Structures
Explain management reporting structures
Configure a Shared Service Structure within an Enterprise Structure
Model a Business Unit within an Enterprise Structure
Explain how security relates to reporting structures
Explain General Ledger set up
Model a Financial Reporting Structure

Cost Centers, Departments, Facilities, and Reference Data
Explain Cost Centers and Departments
Model an Item Organization setup
Describe Cost Organizations
Explain Reference Data Sets
Explain the sharing methods available for reference data

Inventory Transactions
Create a Subinventory Transfer
Create a Miscellaneous Transaction
Create an Interorganization Transaction
Create a Movement Request
Explain Transfer Types
Perform a PO Receipt
Explain the relationship between Discrete Manufacturing and Inventory Transactions
Perform a Pick Slip confirmation

Advanced Inventory Transactions
Explain how Material Status Control affects transactions
Create Material Statuses
Implement lot and/or serial control
Perform lot and/or serial controlled transaction
Explain Item Availability types
Create Inventory Reservations

Consigned Inventory from a Supplier
Explain the Consignment Process
Create Consumption Advice
Explain Ownership Transfers from Consignment perspective
Perform a return for Consigned material

Back to Back Processing
Apply the Back to Back process flow
Explain Reservations with Back to Back processing
Manage exceptions in the Back to Back process flow

Plan Inventory Replenishment
Run a Min-Max Plan
Explain how Min-Max Reorder Quantities are calculated and rounded
Set up min-max related item and item subinventory‒level attributes
Explain the different types of supply requests generated from min-max planning
Explain PAR Location Management

Inventory Counts
Explain the different types of Inventory Counting Methods
Create a Manual Cycle Count
Explain how cycle counts are generated
Perform a Physical Inventory
Explain how physical inventory adjustments affect the inventory balances

Supply Chain Orchestration Overview
Explain the capabilities of supply chain orchestration
Configure the invocation of external Supply Chain Execution systems
Describe the Supply Lines Work Area and Supply Line Statuses
Configure advanced fulfillment configurations for Back to Back Order Processing
Configure the advanced fulfillment configurations for Contract Manufacturing Processing

Supply Lines and Exceptions
Analyze and manage the material request flow within Supply Chain Orchestration
Analyze and manage the make flow within Supply Chain Orchestration
Analyze and manage the buy flow within Supply Chain Orchestration
Manage supply request exceptions

Data Integration Approaches
Import on-hand balances via the ADF Desktop Integration
Import Transfer Orders via the ADF Desktop Integration

Costing and Inventory Foundations
Explain Common Inventory Configurations
Describe Managerial Accounting Basics
Explain Cost Accounting

Project Specific Inventory
Receive Project-Specific Inventory
Pick Project-Specific Inventory
Transfer Project-Specific Inventory

Integrate with 3PL and Warehouse Management Systems
Receipt and Shipment Process
Inventory Transactions and Inventory Balances

QUESTION 1
Your organization is planning for a periodic counting of individual items throughout the year. As part of this
activity, the user has loaded items to the cycle count but some of the items are not being considered when
count schedules and count sequences are generated.
Which reason explains why the items are not being considered?

A. The Include in Schedule option is not selected to include the item for auto-scheduling.
B. The Cycle Count Enabled flag is not selected for the item.
C. The approval controls are not set up.
D. The Cycle Count Enabled flag is not selected for the inventory organization.

Correct Answer: B

QUESTION 2
Your company is an automobile spares manufacturing organization, which follows a discrete process.
It has its own manufacturing and distribution centers located globally.
It has these business units:
US – USA business unit
CAN – Canadian business unit
UK – UK business unit
MX – Mexican business unit
IND – India business unit
SPA – Spain business unit
FRA – France business unit
NL – Netherlands business unit
GER – Germany business unit
These are the inventory organizations that exist in each business unit:
Inventory Org – business unit
——————————————–
GM (Master Org) – US
US1 (Child Org) – US
US2 (Child Org) – US
CA1 (Child Org) – CAN
MX1 (Child Org) – MX
IN1 (Child Org) – IND
SP1 (Child Org) – SPA
FR1 (Child Org) – FRA
NL1 (Child Org) – NL
DE1 (Child Org) – GER

Which two statements are true? (Choose two.)

A. Items defined in the GM organization can be assigned to US1,US2, NL1, and MX1 inventory organizations.
B. You can define an item in the IN1 inventory organization and assign it to the DE1 inventory organization.
C. Item organizations are also supported to serve as inventory organizations.
D. Operational Attributes can be controlled only at the Master Level.
E. All inventory organizations do not need to be in the same business unit to assign items.
F. Items cannot be assigned to inventory organizations across business units.

Correct Answer: AE


QUESTION 3
Which three statements about the main areas of Managerial Accounting are correct? (Choose three.)

A. Landed Cost Management gives organizations financial visibility into their extended supply chain costs.
B. Supply Chain Orchestration automatically selects the correct process based on user-defined subleadger accounting rules when a supply creation is initiated.
C. Receipt Accounting is the application that performs the accrual accounting for all types of receipts.
D. Cost method can be defined granularity down to individual items.

Correct Answer: ABC

QUESTION 4
You have set up min-max planning at the subinventory level with the following to source item AS12312 for
Organization: M1:
Source Type: Organization
Organization: M1

What type of supply request will be generated?

A. Purchase Requisition
B. Internal Requisition
C. None; this is an invalid setup
D. Intraorganization transfer order
E. Movement request

Correct Answer: D

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