Exam Name: Oracle Inventory Cloud 2023 Implementation Professional
Certification Provider: Oracle
Corresponding Certification: Inventory Management Cloud
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Oracle 1Z0-1073-23 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Inventory Valuation and Costing | - Cost methods and valuation principles - Cost accounting integration |
| Inventory Controls and Compliance | - Subinventory and locator management - Inventory controls, cycle counts, and auditing |
| Inventory Management Fundamentals | - Inventory structure and organization setup - Item and warehouse configuration basics |
| Inventory Transactions and Execution | - Material movement and transaction processing rules - Receipts, issues, transfers, and adjustments |
| Reporting and Integration | - Integration with Oracle SCM Cloud modules - Inventory reporting and analytics |
Oracle Inventory Cloud 2023 Implementation Professional Sample Questions:
As part of implementing Oracle Cloud for your customer, you defined multiple Business Units. The customer wants you to define an Inventory Organization that is associated with all the business units and not just one particular business unit.
How do you achieve this?
- A. Leave the Profit Center Business Unit field blank in the Inventory Organization definition.
- B. It is not possible to define an Inventory Organization that is associated with more than one business unit.
- C. Define the Inventory Organization without associating it with any location.
- D. Leave the Management Business Unit field blank in the Inventory Organization definition.
Correct Answer: B 🗳️
Your client has not been managing Supply Request Exceptions on a regular basis.
What issue does this cause?
- A. If exceptions are not resolved within a set threshold days, it alerts the manager and continues to escalate up the Supply Request Exception Chain.
- B. The request will be denied automatically if not resolved within two days.
- C. Supply orders are not created for these exceptions, thus causing disruptions in the Supply Chain.
- D. After the errors reach a set threshold in profile options, no new requests can be created.
- E. No issues would be caused; these are just warnings.
Correct Answer: A 🗳️
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?
- A. Items cannot be assigned to inventory organizations across business units.
- B. All inventory organizations do not need to be in the same business unit to assign items.
- C. Item organizations are also supported to serve as inventory organizations.
- D. Operational Attributes can be controlled only at the Master Level.
- E. You can define an item in the IN1 inventory organization and assign it to the DE1 inventory organization.
- F. Items defined in the GM organization can be assigned to US1,US2, NL1, and MX1 inventory organizations.
Correct Answer: C,F 🗳️
Your client is about to define their primary ledger.
Which set of three primary attributes do they need to know in order to complete this?
- A. Currency, Description, and Accounting Method
- B. Chart of Accounts, Ledger Balance, and Accounting Method
- C. Chart of Accounts, Description, and Accounting Method
- D. Chart of Accounts, Accounting Calendar, and Currency
Correct Answer: A 🗳️
A customer has one Business Unit, two Legal Entities, and each have eight warehouses (defined as Inventory Orgs). While trying to set up Cost Organizations for each of these Legal Entities, you were unable to perform the mandatory step of assigning the Profit Center Business Unit for one set of eight Inventory Organizations; however, you could do it for the other set.
What is the reason for this?
- A. The General Ledger is not associated with Business Unit.
- B. There is no Business Unit associated with the Legal Entity.
- C. The Legal Entity Setup is incomplete.
- D. There is no Inventory Validation Organization defined.
- E. The Business Unit is not enabled for Costing.
Correct Answer: B 🗳️
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