1Z0-1007 Oracle Procurement Cloud 2018 Implementation Essentials Exam

Exam Title: Oracle Procurement Cloud 2018 Implementation Essentials
Exam Number: 1Z0-1007
Format: Multiple Choice
Duration: 120 Minutes
Number of Questions: 83
Passing Score: 60%
Validated Against: This exam has been validated against 18B. (Previous version of this exam was validated against R12 in 2017)

Take Recommended Training Courses

Complete one of the courses below to prepare for your exam (optional):

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

Procurement Application Overview

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

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

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

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

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

Procurement Contract

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

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 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

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

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

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

Question: 1
Identify the Duty role that you need to associate with the Job role to enable the “new supplier request” functionality.

A. Supplier Self Service clerk duty
B. Supplier Self Service administrator duty
C. Submit supplier registration duty
D. Supplier bidder duty
E. Supplier sales representative duty

Answer: C

Question: 2
Your customer is implementing Cloud Procurement across two countries: A and B. They need intercompany transactions to be carried out between these two entities.
Identify the setup to fulfill this requirement.
A. intercompany transaction between business units of countries A and B
B. Supply Chain financial Orchestration agreement between legal entities of countries A and B
C. Supply Chain financial Orchestration agreement between business units of countries A and B
D. intercompany transaction between legal entities of countries A and B

Answer: B

Question: 3
During a Procurement Contract implementation, a customer would like to set up their own line type for buying services. They intend to use this line for negotiating terms for future purchase of service
and do not have a defined scope of work. Identify the source that the customer needs to select while creating the line type to meet this requirement.

A. Item, buy
B. Item, buy agreement
C. Free form, buy agreement
D. Free form, buy

Answer: A