1z0-1065-20 Oracle Procurement Cloud 2020 Implementation Essentials Exam

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Oracle Procurement Cloud 2020 Certified Implementation Specialist

Format: Multiple Choice
Duration: 85 Minutes
Exam Price: Rs.36,887
Number of Questions: 55
Passing Score: 62%
Validation: This exam has been validated against 20D
Policy: Cloud Recertification
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From learning path: Oracle Procurement Cloud 2020 Certified Implementation Specialist
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A combination of Oracle training and hands-on experience (attained via labs and/or field experience) provides the best preparation for passing the exam.

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.

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 Classes
Define a Supplier Business classification lookup, Supplier Products, and the Services hierarchy
Create Freight Lookups, and Purchasing Profile options

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 Procurement of Consigned Inventory from Supplier
Set up Transaction Manager, Shared Service Center, B2B Communication

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

Project-Driven Supply Chain (PDSC)
Configure Project-Driven Supply Chain

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QUESTION 1
Which three tasks are included in the Supplier functional area task list? (Choose three.)

A. Manage Procurement Agents
B. Specify Supplier Numbering
C. Manage Tax Organization Type Lookup
D. Manage Item Organizations
E. Manage Supplier Value Sets

Correct Answer: A,B,E

QUESTION 2
While creating a Purchase Order, you observe that the system is defaulting Net 30 as the payment term instead of the intended payment term Net 15.
Identify two ways to achieve the desired defaulting. (Choose two.)

A. Update Net 15 in procurement options and Net 30 for the supplier site.
B. Set Net 30 for the supplier site and leave the payment term blank in procurement options.
C. Update Net 15 in procurement options and leave the payment term blank for this supplier at all levels.
D. Set Net 15 for the supplier site.

Correct Answer: C,D

QUESTION 3
Which setup allows news and information of interest to be published to suppliers through the Oracle Supplier Portal Cloud? (Choose the best answer.)

A. setting up Specify Supplier News Content in the Functional Setup Manager
B. configuring the “News Broadcast” field using the ’Manage Supplier’ task
C. enabling RSS feed from a customers corporate web portal
D. enabling feed from social media sites such as Facebook, Twitter, and so on using ‘Manage Common Options for Purchasing’

Correct Answer: A